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January is the Cruelest Month for Retail Refund Fraud

RogerRossmeisl

For many retailers, January isn’t just the first month of the year: It’s “return season,” when customers bring back their unwanted holiday gifts for refunds or exchanges. According to the National Retail Association, consumers are expected to have returned more than $816 billion of merchandise (almost 17% of goods sold) in 2022.

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February Retail Sales Saw Rebound

CPA Practice

Census Bureau shows retail sales expanded in February after a strong but flat January, National Retail Federation Chief Economist Jack Kleinhenz said. Retail sales rebounded in a solid fashion in February, showing the consumer is still spending and pointing to underlying strength in the economy,” Kleinhenz said.

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Retailers KPIs

Menzies

The evolution of the retail landscape and rise of online shopping has encouraged retailers to invest substantially in their technology, online offerings, and delivery capabilities. There are three main areas that impact on the level of sales achieved by retailers: Their products Their people and The method in which sales are made.

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Annual Planning for Cannabis Retailers

Anders CPA

Here are some factors for cannabis retailers to consider when building a 2024 financial plan. Cannabis Retail Sales Projections To come up with projected revenue, a retailer needs to consider their historical sales data, the 2024 addressable market, as well as any specifics in local demographics. We would be happy to help.

Retail 96
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Retail Sales Up 2.5% Year-Over-Year

CPA Practice

Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, according to a statement from National Retail Federation Chief Economist Jack Kleinhenz. Census Bureau’s most recent release of monthly retail sales data. His remarks were in response to the U.S.

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Retailers/ecommerce companies face special sales tax challenges

TaxConnex

Online retailers and eCommerce companies have been the focal point of taxing jurisdictions and their updated nexus laws for years. Retail/eCommerce respondents to our survey reported challenges such as audits, timely filing of sales tax returns and charging the correct sales tax.

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Spring Budget 2024: Retail Sector Commentary

Menzies

The chancellor failed to address any major areas impacting the sector, which is likely to leave retailers continuing to struggle for the rest of 2024. Sadly, there was no mention of lowering Employers National Insurance for retailers, which would have been a huge boost to the sector. Therefore the 9.8%

Retail 52