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Retail
Marketing and consumer trends within the retail industry change rapidly, impacting sales and earnings. Economic factors such as fluctuating unemployment and interest rates can also affect the bottom line. The retail industry can also be complex from an operational standpoint, because every company operates, captures and uses financial information differently. That is why when issues arise, it can be challenging to obtain information in a timely manner in order to accurately quantify damages.
HIRE US
As the world’s premier forensic accounting firm, MDD has more than 80 years’ experience working with insurance carriers and attorneys on retail related engagements.
We have been involved in claims involving consumer goods, the automotive sector, food processing companies, pharmaceutical businesses, medical device suppliers, building material manufacturers and more. Our experts have experience in all aspects related to the industry; including measuring stock and contents losses, business interruption, lost profits, extra expenses/increased costs, product liability, product recall and fraud.
With more than 40 offices across 5 continents, we have the global reach and language capabilities that are required to handle assignments of any size, in any market. What’s more, our staff have the credentials and training required to handle the specific nuances involved in quantifying retail industry losses.
MDD provides retail services such as:
- Calculating business interruption / loss profits
- Evaluating the financial records of the insured/claimant in order to calculate damages from the insurable event
- Analyzing industry data to determine the event’s impact on profits
- Examining non-loss-related events and conditions that may have affected actual sales during the impacted period
- Calculating damages solely attributable to the incident and identifying/verifying extra expenses that served to mitigate the loss of business income
- Calculating stock and contents losses, and extra expenses/increased costs
- Measuring costs related to product liability and recall
- Evaluating claims related to fraudulent activity and theft
- Providing expert witness testimony and litigation support services when necessary on behalf of both plaintiff and defendant.
Experience
Experience
Contact one of our experts below or filter experience based on region.
ARTICLES
RELEVANT ARTICLES
Our experts are extremely knowledgeable about thier subject areas and often write educational material and commentary on topical issues they come across.
Property Damage and Derechos
On 29th June 2023, a rare type of storm called a "derecho" swept across the Midwest region of the United States, mostly impacting the states of Missouri, Illinois and Iowa. The derecho began as a rotating supercell thunderstorm that spawned...
Ghosts, Ghouls and Cyber Claims
We usually think of Hallowe’en when October rolls around; however, did you know that October is also cyber security awareness month? NetDiligence recently released the 12th iteration of their Cyber Claims Study. They analyzed approximately 7,500 cyber claims from period...
Dunkin’ Donuts c. Bertico inc., Part II: Lost Profit & Loss of Business Value
Towards the end of its decision in Dunkin’ Brands Canada Ltd. c. Bertico inc.2015 QCCA 624, the Quebec Court of Appeal discussed the issue of whether an award for both a) lost profits up to 2005 and b) loss of business...
Dunkin’ Donuts c. Berticoinc, Part I: The Benchmark Approach to Lost Profits
In April 2015, the Quebec Court of Appeal released its decision in Dunkin’ Brands Canada Ltd. c. Bertico inc. 2015 QCCA 624. The Court of Appeal upheld the trial judge’s ruling (Bertico inc. c. Dunkin' Brands Canada Ltd., 2012 QCCS 2809) that...
Business Interruption Loss – The Interaction between Inventory Losses and Business Interruption Claims
This article explores the areas of overlap between insurance coverage for inventory loss and business interruption. In the event of physical damage to inventory, different policies provide different valuations, including: replacement cost, actual cash value, historical cost or selling price. ...
Projecting Sales in Business Income Losses is an Art – Not Necessarily a Science
Insurance policies generally state that in determining the Actual Loss Sustained under business income coverage, consideration must be given to actual experience of the business before and the probable experience thereafter had no loss occurred. Thus, the goal in evaluating...
Services
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