Employing more than 1.25 million workers, the Australian retail sector accounts for almost 10% of the total workforce. It encompasses a diverse range of businesses including food and grocery, furniture, pharmaceutical, hardware, fuel, building and gardening supplies, clothing and more.
As Australia’s second-largest employing industry, total annual turnover for the sector sits at over $320 billion with over 140,000 retail businesses across the country.
Overview
Industry Challenges
The retail sector has been facing significant challenges due to changes in consumer behaviour, spending habits and competition from industry disruptors. With the industry meeting difficulties including high levels of competition from online and overseas retailers, changes in consumer demand, impacts of economic conditions including debt levels and reduction in credit card use, business operators can find it hard to remain profitable.
Delivering on consumer expectations is becoming increasingly complex with customers more informed and discerning than ever before, researching purchase decisions and using review platforms and online media platforms to make informed choices.
Our Experience
SV Partners has developed an in-depth understanding of specific requirements and business operations having undertaken many appointments of varying difficulties across the Retail sector.
We recognise that specialist knowledge and skills are required when dealing with businesses that are facing financial difficulties, stress or insolvency.
Our previous engagements have been varied and include food retailers, discount outlets, accessory stores, retail clothing stores and travel agencies.
Our Experience
SV Partners has developed an in-depth understanding of specific requirements and business operations having undertaken many appointments of varying difficulties across the Retail sector.
We recognise that specialist knowledge and skills are required when dealing with businesses that are facing financial difficulties, stress or insolvency.
Our previous engagements have been varied and include food retailers, discount outlets, accessory stores, retail clothing stores and travel agencies.
How can we help?
Our industry experience has allowed us to develop expert skills and apply them across small and large scale matters across the sector.
We work collaboratively with business owners to assess the main concerns and priorities given the current situation and take a measured approach in our evaluation. We make sure to consider individual circumstances and all contributing factors and discuss options for moving forward.
We are well placed to assist with all Retail matters. In addition to our metro offices, we maintain a strong regional focus in South Australia, Queensland and New South Wales with offices in Adelaide, Mackay, Rockhampton, Sunshine Coast, Toowoomba, Gold Coast, Wollongong, Newcastle, Dubbo and Tamworth.
Are you concerned about your financial position?
Contact us now for an obligation free consultation on
1800 246 801
Case Study - Debt settlement with a bank
Late last year we were approached by a 63-year old lady who presented with the following ‘financial symptoms’: Assets Liabilities 50% interest in a vacant block – $25,000 Bank debt (unsecured) – $215,000 Motor vehicle – $5,000 Superannuation – $100,000 Income (self-employed) – $50,000 p.a. The debtor’s main income-producing activity from 2002 until 2009 was buying and selling properties. She encountered financial difficulty during the GFC which, as we know,...
