Operating Expenses in Department Stores in 1921
Operating Expenses in Department Stores in 1921
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The common figure for net profit in the department stores from which reports were received was 0. 9% of net sales in 1921. This compares with an average net loss of 1. 9 % in the retail shoe trade, 6. 6 % in the retail jewelry trade, and 1. 9 % in the wholesale grocery business in 1921. Thus of these four trades the department stores were the only group that showed an average net profit, even though small, for the year 1921. This apparently was due in large measure to the fact that the departme...nt stores showed an average increase in volume of sales, whereas in the other trades from which the Bureau collected figures, there was an average decrease in volume of sales in 1921 as compared with 1920.
The heaviest net loss reported by an individual depart- ment store on 1921 operations was 17. 3% of net sales; the highest net profit was 13. 6%. For the one hundred forty- 31 nine firms that reported for both years, a particularly pro-4 gressive group of firms, the common figures for net profit were 1.
What to read after Operating Expenses in Department Stores in 1921?
You can find similar books in the "Read Also" column, or choose other free books by Harvard University Bureau of Business Research to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The common figure for net profit in the department stores from which reports were received was 0. 9% of net sales in 1921. This compares with an average net loss of 1. 9 % in the retail shoe trade, 6. 6 % in the retail jewelry trade, and 1. 9 % in the wholesale grocery business in 1921. Thus of these four trades the department stores were the only group that showed an average net profit, even though small, for the year 1921. This apparently was due in large measure to the fact that the departme...nt stores showed an average increase in volume of sales, whereas in the other trades from which the Bureau collected figures, there was an average decrease in volume of sales in 1921 as compared with 1920.
The heaviest net loss reported by an individual depart- ment store on 1921 operations was 17. 3% of net sales; the highest net profit was 13. 6%. For the one hundred forty- 31 nine firms that reported for both years, a particularly pro-4 gressive group of firms, the common figures for net profit were 1.
What to read after Operating Expenses in Department Stores in 1921?
You can find similar books in the "Read Also" column, or choose other free books by Harvard University Bureau of Business Research to read onlineMoreLess
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