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CURRENT ISSUES AND TRENDS

In delivering services to retailers and distributors for many years, we are able to leverage our significant knowledge to support your growth. Our deep industry knowledge and experience acquired through working with clients across the retail sector means we are exposed to the major issues and challenges currently impacting many of them.

The rapidly changing face of technology with online shopping and the challenges of e-commerce increasing competition and costs

Social media and other digital marketing avenues are challenging the traditional business model and how consumers are influenced

Shop fronts and the requirement of having one are changing due to increased global connectivity and being able to reach your markets in a number of ways

The creation of an expectation of discounting and the cycle of sales and how this can impact a brand locally and off-shore

Staff retention and workplace relations are ongoing issues that are impacted by legislation, media and generational changes

Fraud detection and loss prevention is seen as a part of doing business, however there are always opportunities to reduce the impact

Interest rate movements and consumer confidence, whether they are buoyant or not, can have a dramatic effect on fashion

Overall economic conditions, including debt levels, credit card usage, unemployment levels and housing values, all impact a consumers desire and comfort to spend

Increasing costs of rental space and location opportunities Maximising changes in tax legislation.

With teams in each State dedicated to the retail sector we can help you address these challenges by providing advice in the following areas:

Operational performance improvement Evolution of traditional retail business models Fraud and loss prevention Supply chain management Franchising - benefits, traps and pitfalls Acquisitions, disposals and fundraising Impact of interest rates and the value of Australian dollar on your business. If your business is affected by any of the issues above and you need help in understanding the steps you can take to solve them, please contact a member of our retail team.