So How Was Your Sales Year?
For some of us, a 2016 P&L statement is still several months off. We have to get through wrapping up the 4th quarter report; employees will need T4 forms and then the inventory has to be compiled manually. But the sales results are in.
We were up 2.4% overall, but that might have been higher if it weren’t for the fact December dropped. Furthermore, I had to make a quick bank run yesterday afternoon to basically borrow a small amount to cover a shortage on something that had to be settled that day. In retail, one shouldn’t be borrowing on January 9th. Then I calculated that if December had simply gone up by the 2.4% that the year did overall, the difference was exactly equal to the amount I was short; one of the final payments for 2016.
2.4 isn’t great. We have a friend who owns a toy store who reported many double-digit monthly increases this year. Her business is for sale and frankly, it looks more promising than ours, but she’s asking a lot for 28 years of goodwill in the community.
So friends, how was your year?