Retail businesses are facing issues that are causing sector upheaval. These are driven by a shift in consumer attitudes as well as the changing role of the store, which is disrupting traditional routes to market. Retailers face several key issues, including increased competition leading to decreasing margins as well as sourcing the right location, be it high street or distribution centre. They also face issues such as ensuring their IT infrastructure is fit for purpose, raising finance to supports the business cycle, managing exchange rate risk and dealing with the challenges of compliance obligations. To add to these hurdles is the key issue of engaging and enthusing the consumer to buy and become a loyal advocate for the brand.
Our team has worked with many retail brands, sharing commercial insight and solid sector expertise with personality, integrity and are thus in a strong position to help with these challenges.
By building trusted client relationships, we understand the challenges, issues and opportunities that retailers face. We invest time, effort and skill to build insight and understanding – it is what makes us invaluable.
We offer a full range of tax, accounting and advisory services to help support your retail business. We have a depth of experience in helping clients understand how to maximise tax incentives, customs duties and tariffs relating to their supply chain. We can help with employee incentivisation and IR35 implementation, and provide cyber security advice, outsourced accounting, market listing support, as well as audit and assurance.
We have worked with businesses throughout all stages of their life cycle. We share our retail expertise and experience throughout our global network, PKF International, to bring significant benefits to multi-country operations.
If you find yourself facing financial difficulties, or even the prospect of business failure, we can help. Whether it is offering an impartial and in-depth business assessment or practical proposals on recovery strategies, PKF is expertly qualified to be there for you if times get tough.