article thumbnail

Retail Lobby: “We Lied About Organized Theft”

Barry Ritholtz

billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” That line is just another in a long series of falsehoods put forth by the professional b *s at the National Retail Federation. This costs retailers anywhere between $15-20 billion annually in the US.

Retail 141
article thumbnail

Computer Retailer – Accounting Methods

CFO Simplified

But understanding your company’s profitability is critical to making the right decisions. Business – E-commerce computer retailer. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Change to accrual basis accounting. Bringing Value through CFO Insights.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Adidas Posts Losses Of $400M In Q2, But Expects Q3 Rebound

PYMNTS

Adidas AG , the global sneaker maker, revealed losses of nearly $400 million in the second quarter (Q2) amid store closures to prevent the spread of the coronavirus. At the same time, Adidas suffered an operating loss of 333 million euros ($394 million). billion euros ($4.3 billion) in the quarter.

article thumbnail

Accounting for In-Kind Donations to Nonprofits

The Charity CFO

But accounting for in-kind donations presents its own unique challenges. In this article, we’ll dig into how to account for in-kind donations on your nonprofit’s books. Why accounting for in-kind donations matters. Accounting for in-kind donations isn’t just important; it’s required for many nonprofit organizations. .

article thumbnail

10 Thursday AM Reads

Barry Ritholtz

New York Times ) • Spotify Is Screwed : Spotify is the world’s biggest music streamer but rarely turns a profit and just cut 17 percent of its workforce. retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis.

article thumbnail

HSBC CFO: Bank to restructure after Q3 profit drop

Future CFO

HSBC’s CFO Ewen Stevenson said the bank plans to restructure its loss-making businesses after announcing an 18% year-on-year drop in pre-tax profit in Q3 on Monday. The Hong Kong-listed bank reported pre-tax profit of US$4.8 The post HSBC CFO: Bank to restructure after Q3 profit drop appeared first on FutureCFO.

article thumbnail

Is Robinhood Safe? – Good Financial Cents®

CFO News Room

These protections help safeguard investors’ funds and securities in the event of a brokerage firm’s failure or other financial losses. In addition to this protection, Robinhood has implemented measures to monitor suspicious activity and protect users from financial loss due to fraudulent activity. Is Robinhood Safe to Use?