Today, there’s a growing list of new challenges for many small local retailers and wholesalers. In addition to competition from the big box stores, on-line retailers have changed the way consumers purchase everything from groceries to home goods. Margins are shrinking, and consumers are constantly comparing prices to get the best deal. To compete in this market, you have to run a lean and efficient operation. We’ll work with you to track your expenses and make solid recommendations to cut costs and improve margins. We’ll also complete a detailed financial statement for your business in real time, so you will always know where you stand. Additionally, we will assist you with setting up state and local sales tax reporting in your POS system, as well as creating all required revenue and expense tracking and reporting systems.
We service a number of clients in the retail & wholesale industry:
•General Merchandise Stores
•Specialty Retail Stores
For the month of October, U.S retail sales has seen a 0.8 percent increase, with the previous two months having small dip in sales. Consumers were holding on to their wallets, however, with the holiday season here sales are expected to continue rising.Learn More
For the past year or so, many have commented on the expected demise of the retail industry. However, this past Black Friday had shown the opposite with sales totaling around $23 billion for the day after Thanksgiving, which was a 9 percent increase from the previous year.Learn More
With the unemployment being lowered, wages on the rise, and lower income taxes the retail and other industries have been profiting off of these factors. What is confusing to many is that stocks for the retail companies have are being traded at discounts,even with sales being so high.Learn More