The credit crunch is squeezing retailers nationwide, and while some geographies and retail categories are proving more resilient than others, new challenges are facing everyone. Lack of liquidity, an inability to use real estate as a net and an overall reduction in consumer spending 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 it’s restructuring or tax and audit needs, Grant Thornton’s retail professionals are among the most experienced in the retail industry.
Our retail experts have participated in more than 60 retail restructuring engagements, giving them the ability to quickly assess available liquidity options—creating the breathing space for a thoughtful 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.
For those retailers that do not need to restructure, our tax, audit and business advisors can help them address rapidly changing accounting and operational needs. We also provide guidance on major industry transactions, including mergers, acquisitions and divestitures.
To speak with a Grant Thornton professional, contact:
Mark Wuller
National Retail Practice Leader
314.735.2199
Marti Kopacz
Managing Principal
Corporate Advisory and Restructuring Services
617.848.5010
