The Retail Sector
Avid Partners has a broad range of retail clients that we work closely with on an ongoing basis to maximise efficiencies in their business and to help them develop their businesses. We have worked with clients in sectors such as beauty, training, food and beverage, salons, electrical wholesalers, furnishings, supermarkets, boutiques, restaurants, cafes, catering, furniture and many others. We get to know our retail customers business intimately and work with them on an ongoing basis to make them as successful as possible. Whether it’s accountancy, a business turnaround strategy, ongoing business supports or a root and branch financial audit, Avid Partners can help you with your retail business.
The retail sector was one of the worst hit areas during the downturn and is only now finding its feet. Employment in the sector dropped dramatically from 2008- 2012 with a slight recovery in 2013. Sectors hit particularly hard included furniture & lighting, the motor trade, hardware and electrical goods. The retail sector is still being hampered by fluctuating consumer sentiment, lack of discretionary spending, legacy rent arrangements, lack of finance, fear of increasing interest rates (decreasing loan repayment capacity), high operating costs and lower demand (resulting in lower prices and operating margins).
Retail is Ireland’s largest domestic industry and is also currently the biggest employer by sector. Every town, city and village in the country has a retail presence of some description and it is one of the few industry sectors that people engage with on a daily basis. Based on research conducted by Retail Ireland there are:
- Over 44,000 retail businesses currently operating in Ireland (including wholesale).
- 90% are being Irish owned and operated
- Over 275,000 people are currently employed in the retail sector in Ireland (that’s close to 15% of the working population).
- 77% of Irish retail business are family-owned enterprises.
Contact Avid Partners today to see how we can help you with your retail business. Download our article on your area and make an appointment today to chat about your business with one of our expert Avid Partner staff. Call us on 01 4286900 or email us at email@example.com.
"A breath of fresh air. Your firm demonstrated enormous commercial understanding in turning around negotiations with a potential target vendor. I admire your style and ability to drive the deal forward. Many thanks."
"I would like to say I'm very happy with your service, especially the audit team, your staff are always friendly, helpful and a pleasure to deal with."
"Your business approach to clients is very impressive. I have always found that when explaining the types of service on offer, it is always concise and straight forward. The level of trust that clients place in your company and its staff speaks volumes."
"I would like to take this opportunity to say how much we are impressed with your company's professionalism, it has been a pleasure working with you all and we look forward to working with you in the future."
"Avid Partners - Accountants & Business Advisors are an excellent firm of accountants, their quality ethos is outstanding."
"I have dealt with Jamie O' Hanlon, of Avid Partners - Accountants & Business Advisors Chartered Certified Accountants, for a number of years as he is auditor to one of my clients. I have always found him to be professional and responsive in his approach."
"Service is second to none; there is always someone at the end of the phone for any business advice. The staff are very easy to get along with, very approachable and know exactly what they are talking about"
We at Fitzies Bar have worked with Avid Partners - Business & Financial Advisers for over five years. We find that the advice and support offered to us in addition to all of our book-keeping requirements to include payroll, VAT, etc. is invaluable and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners.
Jamie and his staff are a pleasure to work with. They respond promptly to any queries we have and are critical to our financial planning and the future needs of our business. I would highly recommend them to anyone interested in accounting services.
We at Stillorgan Cycles have used Jamie and his Team at Avid Partners – Accountants and Business Advisers for over five years. We have found that the retail advice and support offered to us is second to none and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners.
I met Avid Partners through a local business networking group. We had been using the same accountants for years and found that in these harsh economic times that we were not getting good enough value or service. We were very impressed by the company's professionalism and enthusiasm and genuine interest in helping us get the most out of our business. As a result we are now clients of Avid Partners and are thrilled with our decision.
After meeting Avid Partners with a view to changing our accountants, we came away with a better deal financially and a feeling that we were in capable hands. We feel that Avid Partners has a personal interest in the welfare of our business. Avid Partners have given us great advice, help and support and respond to our day to day queries with speed and efficiency. We feel it was a great move for us to change to Avid Partners.