This sector has probably been affected more than any other by the internet. Its effects appeared harmful at first when start-ups such as Boo.com promised to undermine the existing businesses in a very short time. But although customers’ habits changed the old models didn’t disappear and, while challenges remain – most notably in the form of Amazon – existing retailers have harnessed the internet so that they still thrive.
The old issues remain the keys to success: stock acquisition and stock turn, product and branch profitability (including the “internet branch”) and integrated systems to enable management to make effective decisions in an ever faster environment. When things are not clear a cash crisis inevitably ensues. We have often been called upon to address these issues as our experience at an demonstrates.
“FD Solutions are excellent – both in support for the complex task of due diligence when we listed the company on AIM and support in a smooth transition to IFRS reporting.”
Simon Southwood, FD of Scholium Group PLC