That’s where our dedicated Consumer Products Group comes in to help you implement innovative strategies to improve profitability, create effective compliance policies, and negotiate and structure deals that benefit your business. In this point of view, we explore the critical signals of change for global retail. Environmental, social and governance transparency is playing an increasingly important role in organizations’ ability to https://www.projectpractical.com/accounting-in-retail-inventory-management-primary-considerations/ gain access to capital, attract and retain employees, and compete in the marketplace. COVID-19 has caused PE firms to adjust their valuation practices – postponing valuations to avoid reset triggers, exploring new approaches to valuations or diversifying existing ones. Everything we do is rooted in our core purpose to help people thrive every day. It’s not only the right business thing to do; it’s the right human thing to do.

• How to navigate the interplay between people, planet and profit in the retail industry – an outlook following the NRF Retail’s Big Show 2023.
• EY and P&G help organizations attain higher levels of manufacturing performance.
• Retail and Trading operations are the backbone of the economy of any nation.
• Offering a comprehensive suite of assurance, tax, technology and advisory services, BDO provides both strategic direction and execution to enable retailers to adapt, pivot and sustain growth.
• BGA has experience working with industry leaders who were early to adopt technology in the retail and consumer space.
• Whether you’re a brick and mortar business, an established online shop, or looking to shift into e-commerce, turn to our professionals to guide you at every turn to strengthen your standing in changing marketplaces.

Since 1951, clients have chosen Marcum for our insightful guidance in helping them forge pathways to success, whatever challenges they’re facing. Constant disruption continues to test the Consumer & Retail industry—presenting new opportunities while challenging norms—faster than many companies can keep pace. Offering a comprehensive suite of assurance, tax, technology and advisory services, BDO provides both strategic direction and execution to enable retailers to adapt, pivot and sustain growth. From liquidity issues to evolving customer preferences to the shift to sustainability, we can help. As a consumer products distributor and/or retailer, you rely on efficiency, quality control, and availability for your products. Our dedicated industry team can assist your business with the challenging times and changing technologies that lie ahead for consumer products and retail businesses.

Navigate the ever-changing realm of retail and consumer products.

FORVIS’ retail-focused pros aim to provide an Unmatched Client Experience™ so that you may do the same. Short, medium, and long-term strategies exist to help counter labor shortages in hospitality and related industries. Despite those pressures, the list construction bookkeeping of leading CP companies has remained remarkably stable, a testament to the advantages of scale. By reshaping their portfolios, revamping their go-to-market models and pursuing operational efficiencies, scale leaders have managed to remain on top—for now.

• From taking advantage of industry-specific tax opportunities to ensuring audit compliance with laws and regulations, our team of professionals have the in-depth knowledge to help your retail operations achieve its goals.
• STRATEGIC AND OPERATIONAL CONSULTING. We perform competitive and benchmark assessments, review operational and plant efficiencies, and identify, design and implement profit improvement plans that address today’s challenges.
• Whatever your specific needs, you can be assured that we will be a trusted business partner to help you achieve your goals.
• Each member firm of Crowe Global is a separate and independent legal entity.
• Reshape your brand portfolios through strategic mergers & acquisitions and divestitures, to achieve scale, tap into new growth areas or acquire new capabilities.
• Marcum’s Consumer Products Group is dedicated to helping consumer product companies of all types to embrace opportunity and challenge the ordinary — keeping your products on shelves and your business ahead of the competition.

PKF O’Connor Davies LLP and PKF O’Connor Davies Advisory LLC practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. PKF O’Connor Davies LLP is a licensed independent CPA firm that provides attest services to its clients and PKF O’Connor Davies Advisory LLC and its subsidiary entities provide tax and business advisory services to their clients. PKF O’Connor Davies Advisory LLC and its subsidiary entities are not licensed CPA firms.

Insights & Resources

BDO provides audit, tax and advisory services to traditional retail, consumer product and e-commerce companies, ranging from emerging businesses to multinational Fortune 500 corporations. How people shop has changed drastically in the last decade with the proliferation of smart phones and e-commerce sites. While businesses in the retail and consumer products industries were adapting, the COVID-19 pandemic brought on even more shopping trend changes seemingly overnight — forcing those in the industry to quickly adapt or become extinct. After a period of rapid, creative pivots and changing business models, many retail companies are left with open-ended questions in unchartered waters. Whether you are looking for a franchise tax expert, retail accounting services or e-commerce auditors, our business advisors can assist.