Retail

Retail

Retail-focused tax, accounting, and advisory services and innovative insights.

FORVIS accounting pros can help with supply chain logistics, digital retail growth strategies, daily operations, and more.

Retailers focus on providing excellent customer service and offering a sufficient assortment of quality products that are competitively priced. However, the competitive landscape of the retail industry has changed. FORVIS understands the challenges you face and knows how to help you overcome them.

Today’s retail companies face several unique challenges with respect to the fast-paced and ever-changing nature of the business world. FORVIS can offer the resources you need to face unique challenges, such as:

  • Managing the impact of digital retail growth
  • Managing omnichannel fulfillment and supply chain logistics
  • Upgrading technology and incorporating efficiencies into daily operations
  • Managing evolving technology for the in-store experience, merging physical and digital retail
  • Making impactful capital investment decisions, e.g., building new stores in high-growth areas, remodeling existing stores, and/or closing stores

Assurance

FORVIS assurance pros can offer assistance with:

  • Financial Statement Audit or Review
  • Attest
  • Agreed Upon Procedures
  • SEC Services and SOX Compliance
  • Internal Audit
  • Employee Benefit Plans

Tax

FORVIS tax pros can assist with:

  • Accounting Methods
  • Cost Segregation
  • Economic Nexus
  • Federal Corporate Tax
  • Family Enterprise Services
  • International Tax
  • Mergers & Acquisitions
  • Research & Development Tax Credits
  • Sales & Use Tax
  • State & Local Tax
  • Tax Accounting
  • Tax Reform
  • Tax Transformation
  • Transfer Pricing

Advisory

We offer a wide variety of services designed to help your company maintain its competitive edge by improving operations and profitability. Our resourceful and knowledgeable retail professionals have experience in:

  • Developing flexible store audit programs from the ground up that are aligned with corporate initiatives
  • Increasing customer service capacity by improving the efficiency and effectiveness of the merchandise tagging process
  • Enhancing point-of-sale systems by removing operational gaps and adding key controls
  • Improving margins by analyzing competitive pricing and promotions
  • Re-engineering the physical inventory process and reporting/analysis of results, which improves accuracy, reduces expenses, and strengthens controls
  • Modifying whistleblower hotline policies/procedures and streamlined protocols for conducting corporate and store investigations
  • Evaluating alternatives for expanding operations to global markets
  • Identifying and implementing process improvements in the company's close process
  • Finance Transformation
  • IT Audits

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