Retail

The UK retail sector was worth an estimated £441bn in 2022, generates 5% of Gross Domestic Product (GDP) and employs over 3 million people.

The traditional high street is under continued well publicised pressure from its online competition; 2022 saw approximately 27% of retail sales being made online, and the Office for National Statistics (ONS) expects this to rise to 29% by 2026. But competition is not the only challenge in the retail sector; many parts of the sector are prone to strong economic pressures, consumer confidence, spending and fast changing preferences. In common with other areas of the UK economy retail is struggling to recruit and retain staff, and is facing increased operating costs, particularly in areas such as energy.

Our team have the skills and experience to work with clients across the UK retail sector including:

• Traditional High Street Retailers

• E-commerce and Online Retail

• Warehouse and Supply Chain

• Technology

• Services

Our objective is simple we want to assist every client to better manage risk, improve their business, create value and improve their end-user experience to support growth and create customer loyalty. We can work with clients on various levels ranging from one off consultancy, through to co-sourced or fully outsourced internal audit solutions