Retail Case Studies
Across the world, Mazars works with retail companies of every size, from growing private businesses to some of the largest international groups. By combining vast industry knowledge and considerable expertise in a variety of fields, Mazars’ team provides invaluable commercial insight and technical ability. Our approach is always hands-on and collaborative.
Audit & financial requirements
Statutory auditor of the Carrefour Group
With a global presence in 33 countries, 60% of Carrefour’s revenue comes from abroad. The group is the second largest retailer worldwide. The multinational retailer appointed Mazars as its statutory auditor in 2011 to strengthen its external audit procedure. Before this appointment, Mazars conducted assessments of key control procedures for several countries including Argentina, China, Spain, France and Greece.
Aligning organizations with new market opportunities
Securing the Casino Group’s acquisition process
The Casino Group operates a wide range of hypermarkets, supermarkets, and convenience stores in France, Asia and South America, with close to 4,000 stores. Commercial partnerships and acquisitions are an important lever of development for the Casino Group to contribute to its growth and new markets strategy. Mazars’ team assisted the group with several acquisition projects, mainly related to franchisee networks, by performing financial and tax due diligence.
Securing operations & improving risk management
Establishing cash register control procedures for a large clothing and accessories retailer
With more than 500 stores and 800 cash registers, one of our clients was looking for a trusted partner that could secure cash flows and shorten delays. For this assignment, Mazars was asked to establish cash control procedures, review reported revenue, design dashboards, perform bank reconciliations and handle non-cash methods of payment.
Designing new internal control standards for logistics and supply chain activities
Mazars was selected to design new internal control standards and optimize supply chain management for a client with approximately 70 points of sale in five countries, including France, the United Arab Emirates and China. This assignment has allowed our client to improve the performance control of physical flows and financial information.
Reviewing the manual accounting entries of an international entertainment retail chain with SCAN-D™
Mazars was asked to set up flow accounting on behalf of an international entertainment retail chain. Our team analyzed the manual accounting entries by operation type, store, department, function and user with Scan-D™, our exclusive data analysis tool. A proposal to reduce the volume of manual accounting operations and to limit the number of operations that needed to be registered manually was also presented.
Improving performance
Assistance for a high-stakes IT project
One of our clients, a group composed of approximately 1,000 legal entities, undertook a project to reorganize its Finance Department using a reliable and effective consolidation tool. The group asked Mazars, which was already advising them with tax matters (fiscal integration, tax documentation, deferred tax reliability), to provide assistance with the migration of their IT system.
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Matthew Dalton Partner - Risk Consulting & Consumer Sector Leader
Our Expertise
Retail companies are in the eye of the COVID19 storm. With pressure coming from every angle, now is the time to assess organisational structure, investigate R & D opportunities, review staffing requirements and look at opportunities in this new normal.