Retail Dogma

Financials

How Do Retail Stores Make Money?

Retail is a service industry, and retail stores make money by providing the service of making merchandise available for customers to buy conveniently. Retailers do not have to be manufacturing the goods themselves, although some retailers do design and sell their own private label merchandise. Read Also: What is Retail? The Business Model: How Retail …

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Retail Financial Ratios Benchmarks (2019)

This is an annually updated list of benchmarks for the most important financial ratios in the retail industry.

You can use it as a guidance for your own retail or e-commerce store performance.

Retail Budgeting Process: Step by Step Outline

This is a step-by-step outline to the retail budgeting process

You will learn about:
Retail Budgeting Steps
Importance of Budgeting & Planning
Retail Budgeting Missteps
Mastering Retail Budgeting

Retail Balance Sheet Explained

The retail balance sheet is one of the retail financial statements that shows the assets of the business (what the business owns), the liabilities (what the business owes) and the shareholders’ equity (Assets -Liability). So let’s find out more about the balance sheet of a retail business, and how it is linked to the P&L. …

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Working Capital in Retail ?

Working capital is a financial metric that can be calculated out of the balance sheet, by by subtracting current liabilities from the current assets. It is meant to measure the liquidity of the business. Working Capital Formula Working Capital = Current Assets – Current Liabilities But what are the components of this formula for a …

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Retail Financial Statements

The financial statements of a retail business give a picture about how this business is being managed, how this business is performing financially and the actual long-term health of the business. To be able to get the full picture, however, you need to look at all the statements combined, and not only focus on P&L …

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