The current economic environment continues to challenge retailers' growth aspirations. Continued decreases in consumer spending, the lack of liquidity, and an inability to use real estate as an accessible asset are driving an increasing number of retailers into distress.
Today’s challenges only add to the industry’s traditional needs: streamlining operations; increasing revenues; managing expansion and contraction; and maintaining a positive, consistent customer experience. Whether you have restructuring or tax or audit needs, Grant Thornton’s professionals are among the most experienced in the retail industry.
Our retail professionals have participated in more than 20 retail restructuring engagements, giving them the ability to quickly assess available liquidity options — creating the breathing space for a thoughtful and strategic evaluation of operations. An analysis of each store will reveal strengths, weaknesses and opportunities that will lead to a potentially profitable, rationalized store footprint.
Our tax, audit and business advisory services professionals can help all retailers address rapidly changing accounting and operational needs. We also provide guidance on major industry transactions, including mergers, acquisitions and divestitures.
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