The fashion and retail sector in Singapore has taken great leaps in recent years, and can be best seen in the ever expanding malls and shopping centres. The sector creates a very competitive business environment, pushing boundaries to provide quality products at the lowest prices, while maintaining high standards of customer service.

Changes in consumer trends have accelerated quickly, with local fashion brands fighting for space against international labels. Retail growth and the ability to maintain profit margins is a challenge due to high operating expenses, market competition, an aging population, the growth of online shopping, difficulty in hiring and training staff and diminished consumer loyalty. To remain competitive, retailers must be extremely focused on operations, tirelessly reduce operating costs and mitigate risks throughout the entire organisation.

Our professionals are committed to providing financial strategies that increase efficiency and enable businesses to compete in this dynamic market. The services we offer range from statutory audit and tax compliance services through to internal audit consultancy, helping you to develop a robust system of internal control. We provide the support required to defend, maintain and grow your market share, and ultimately keep your customers happy.

Our clientele in the industry comprises multi-national companies in the retail of high end fashion and sports apparels, jewelry, designer lifestyle home and fashion accessories.

Please contact:

Michael Heng

Managing Partner

Malcolm Heng

Audit Partner