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
U.S. retail sales were not expected to reach the level they had for June. Retail sales had increased 0.4 percent for the month of June, showing that consumer spending is back on the rise. Sales are expected to continue rising even with the Federal Reserve cutting interest rates.Learn More
U.S. Treasury Secretary Steven Mnuchin had stated that Amazon is detroying the retail industry in the U.S. This claim, however, is debatable as reasearch shows that American's habits have changed and brick-and-morter retail stores should be learning from online comptetitors to better serve their customer base.Learn More
With the closing of Toyrs-R-Us, local toy stores are stepping in to fill the gap that the big toy chain has left. Community toy stores are now filling their shelves with high-quality and unique toys and games, along with providing a better customer service experience that large chains are not able to fulfill.Learn More