Baker Tilly Edge - Retail

Overview Strengths

• Supermarkets and large hardware stores are among the strongest parts of Zimbabwe’s retail sector since they sell essential goods and benefit from urban growth, construction and population expansion.

 Supermarkets

• Consumers consistently buy food, beverages, and personal care products on a daily basis, contributing to reliable and stable sales for supermarkets. This consistent demand underscores the essential role supermarkets play in meeting everyday needs.
• Supermarkets cater to a diverse clientele, including households, restaurants, educational institutions, and corporate offices. They benefit from high foot traffic and possess an extensive market reach.
• Large supermarkets purchase directly from manufacturers and importers, enabling them to secure lower prices, achieve higher margins, and compete effectively with smaller shops.
• Everyday consumer goods tend to sell quickly, resulting in a robust cash flow for supermarkets.

 Hardware Stores

• Zimbabwe faces housing shortages, urban expansion, and informal construction, leading to a continuous demand for building materials.
• Most hardware products do not expire which helps minimize losses.
• Builders and contractors make frequent purchases, which provides stable, long-term revenue.

How We Add Value

• We pair deep industry knowledge with service specialization to deliver high-quality accounting and assurance services.
• We provide advisory, tax and assurance services to assist the retail industry.
• We work with companies to design and execute a comprehensive turnaround plan to help mitigate risk and improve operations during an economic downturn.