American Golf, the largest golf retailer in Europe, has appointed CAPA to undertake audits on its vast portfolio of stores around the UK, as the company looks to generate savings.
The retailer, which operates 93 stores in the UK and Republic of Ireland, has called on CAPA’s Audit team to conduct forensic audits of property costs to identify potentially large savings that would otherwise remain undiscovered.
Like other high street chains, American Golf endured acute challenges during Covid-19 but it still managed to turn an operating profit in the year to January 2021 – even when it had endured forced closures during the pandemic.
The company is now growing its e-commerce business and has seen continued growth in its market, as the reopening of foreign travel and alleviation of restrictions has bolstered sales. The retailer has also opened new stores on golf ranges, as part of a diversification strategy.
As the company focuses on its store estate, it has instructed CAPA to carry out an audit of rent and service charge costs across the property portfolio.
Deploying bespoke software, the team will interrogate the data to identify any overspend due to error or other anomalies.
On a no-win, no-fee basis, CAPA will recover any overpayments for American Golf.