Smaller Retailers Could Use a Holiday Boost

By Mary Ellen Biery, Research Specialist, Sageworks

Holiday shopping is off to a solid start - good news for small retail companies, which have been experiencing weaker sales so far this year, according to preliminary data from Sageworks.
 
A recent financial analysis by Sageworks shows that among privately held retail companies, it's the larger stores that have seen strong growth in 2012. Private retail companies that generate less than $1 million a year in revenue experienced an almost 3 percent drop in sales, on average, so far this year, whereas retailers generating more than $10 million a year in revenue have increased sales by nearly 11 percent year to date, on average. Retailers of all sizes have grown an average of 6 percent during the same period.
 
Sageworks conducted the financial analysis ahead of Small Business Saturday, a marketing promotion created by American Express in 2010 to call attention to an important segment of the US economy.
 
Recent published reports indicate sales from the entire Black Friday weekend, which included Small Business Saturday, improved from last year. Online buying during "Cyber Monday" also reportedly jumped.
 
About the author:
Mary Ellen Biery is a research specialist at Sageworks, a financial information company and provider of the Business Credit Report by Sageworks. She is a veteran financial reporter whose works have appeared in The Wall Street Journal and on Dow Jones Newswires, CNN.com, MarketWatch.com, CNBC.com, and other sites.

You may like these other stories...

Individuals interested in reviewing the proposed 2015 US Generally Accepted Accounting Principles (GAAP) taxonomy from the Financial Accounting Standards Board (FASB) have until October 31 to submit their written comments....
Ernst & Young 2013 audit deficiency rate 49%, regulators sayMichael Rapoport of the Wall Street Journal reported on Thursday that the Public Company Accounting Oversight Board (PCAOB) found deficiencies in 28 of the...
PwC must face $1 billion lawsuit over MF Global adviceA federal judge on Wednesday ordered PricewaterhouseCoopers (PwC) to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the...

Already a member? log in here.

Upcoming CPE Webinars

Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 10
Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.