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12 Accounting Mistakes New Business Owners Often Make

Small Biz Trends

A new business won’t survive long if it doesn’t have solid cash flow and a good accounting system in place. To that end, a panel of Young Entrepreneur Council (YEC) members answered the following question: “What’s one accounting mistake that new business owners might tend to make, and why? How can they fix it?”

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From drab to trendy, 7-Eleven strives for relevance

Inside Retail

The exclusive licensee for 7-Eleven stores in Thailand is CP-All, a subsidiary of Charoen Pokphand Group that also owns the Makro wholesale and Lotus’s retail businesses. In all, non-food categories account for 25 per cent of store sales. Net profit was 6.2 The convenience store business raked in 105.9 billion baht ($176.6

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Super Retail Group delivers record sales, eyes expansion

Inside Retail

billion although tax-paid net profit fell 20 per cent to $244.1 Online sales grew 44 per cent to $601 million with click-and-collect accounting for 55 per cent of online sales — surging 73 per cent to $332 million. For the year to July 2, the business says sales grew 2.8 per cent to $3.55

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WBA Q2 results top expectations

Mass Relators

. — Walgreens Boots Alliance’s second quarter sales and earnings topped Wall Street’s forecast, even as its net profit slid more than 20%. WBA’s net profit of $703 million, or 81 cents a share, was down from $883 million, or $1.02 percent, and the Germany wholesale business growing 7.5 Gross profit decreased 0.7

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How Chinese toy giant Pop Mart thinks local, dominates global

Inside Retail

But within a few weeks, the local non-Asian population was accounting for four out of every five sales. But we tested the market with a local wholesaler and via e-commerce and we realised it had a lot of potential.”. million, and net profit attributable to shareholders grew 70 per cent, to $US157.2 Its revenue rose 49.3

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WBA’s Q3 sales and earnings beat expectations

Mass Relators

The company posted a net profit of $1.2 per share, compared with a net loss of $1.71 Pharmacy sales, which accounted for 75.7% on a constant currency basis, which includes the impact of the company’s wholesale joint venture in Germany, which was consolidated as of November. billion, or $1.38 billion, or $1.95