DHG | Retail

We provide superior client service so that you may do the same.

Retailers focus on providing superior customer service and offering a sufficient assortment of quality products that are competitively priced. However, the competitive landscape of the retail industry has changed.

DHG understands the challenges you face and knows how to help you overcome them.

Today’s retail companies face several unique challenges with respect to the fast-paced and ever-changing nature of the business world. DHG provides you the people and resources you need to face unique challenges such as:

Managing the impact of digital retail growth
Managing omni-channel fulfillment and supply chain logistics
Upgrading technology and incorporating efficiencies into daily operations
Managing evolving technology for the in-store experience, merging physical and digital retail
Making impactful capital investment decisions (i.e., building new stores in high growth areas, remodeling existing stores and/or closing stores).

DHG serves retailers of all varieties and sizes, including:

Apparel
Automotive
Consumer Electronics
Convenience
Department
Grocery
Home Improvement
Office Supply
Pet
Specialty
Sporting Goods
Value

Services

We are your one-stop shop.

DHG offers you a set of comprehensive services fit to meet your needs. Our experienced Retail team collaborates with other industry and service line professionals to maximize resources available to you and help identify solutions.

Assurance

Assurance & Accounting
Internal Audit
IT Audit
Sarbanes-Oxley (SOX) Compliance
Finance Transformation

Tax

Advisory

Assurance & Accounting
Internal Audit
IT Audit
Sarbanes-Oxley (SOX) Compliance
Finance Transformation

Experience

We offer a wide variety of services designed to help your company maintain its competitive edge by improving operations and profitability. Our resourceful and knowledgeable Retail professionals have experience in:

Developing flexible store audit programs from the ground up that are aligned with corporate initiatives
Increasing customer service capacity by improving the efficiency and effectiveness of the merchandise tagging process
Enhancing point-of-sale systems by removing operational gaps and adding key controls
Improving margins by analyzing competitive pricing and promotions
Re-engineering the physical inventory process and reporting/analysis of results, which improves accuracy, reduces expenses and strengthens controls
Modifying Whistleblower Hotline policies/procedures and streamlined protocols for conducting corporate and store investigations
Evaluating alternatives for expanding operations to global markets
Identifying and implementing process improvements in the company's close process

Knowledge Share

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Impact of Lease Accounting Standard on Manufacturing, Distribution and Retail Companies

In February of 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02. This ASU, along with several subsequently issued yet related ASUs, is codified in Accounting Standards Codification (ASC) Topic 842, Leases, amending the accounting guidance for leases. On Nov. 15, 2019, the FASB announced a delay in the effective date of the ASU for non-public business entities, who are now required to apply ASU 2016-02 for reporting period beginning after Dec. 15, 2020.

FASB Finalizes Effective Date Delays for Major Accounting Standards

Today, the Financial Accounting Standards Board (FASB) issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging, and long-duration insurance contracts.

FASB Meets to Discuss Comments on Effective Date Extensions

Today, the Financial Accounting Standards Board (FASB) met to discuss comments received on the August 2019 proposed Accounting Standards Update (ASU) on effective dates for major projects.

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Petroleum and Convenience Stores

People

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