industries

Retail

BFBA works with a variety of clients in the retail industry. For more than twenty five years, we have helped numerous clients in this industry segment to understand the various business and accounting nuances impacting their growth and profitability.

The retail industry is consumer-driven and the recent economic climate has created a challenging environment. The economic crisis is accelerating consumer trends forcing retailers to address new marketplace realities. Retailers will be increasingly constrained in their ability to grow and maintain profit margins. High operating expenses, an aging population, less affluent buyers, diminished consumer loyalty, and the rise of digital media influencing purchase decisions all threaten the bottom line.

In order to remain competitive in today’s changing world retailers will need to ensure they remain focused on the long-term horizon and find innovative solutions to create value, reduce operating costs, and mitigate risks throughout the entire enterprise.