Our audit & guidance helped a apparel retailer to scale from one store to four stores.

Client Challenges

A client engaged in apparel retail business approached PKC with the following issues

  • Confined to one location without any growth for more than 30 years
  • Very traditional & conventional family owned business
  • Lack of concurrence between first & second generation management about future plans
  • Inefficient accounting system led to lot of statutory backlogs

PKC Solutions

PKC helped the client with the following solution:

  • Acted as a arbitrator to bring concurrence between first and second generation management
  • Identified & highlighted potential for business expansion
  • Restructured the finance operations with the help of tech savvy solutions
  • Helped client to understand the data analytics importance and installed MIS reporting system
  • Advised & helped client to start up new ventures

Results

  • 1 TO 4 STORES – Opened 3 new stores
  • Saved management & employee time on finance operations
  • Zero statutory non compliances
  • Industry specific KPIs can be measured to gauge the business performance
  • Clear & transparent business expansion plan
  • Improved business decision making quality

How PKC can help you

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