The logic behind the variety in each retailer’s individual fiscal calendars is a long and sordid history that is part financial, part historical, and part downright quirkiness. We have given an introduction in detail below since this essential knowledge is built into both our software and consulting.Read more...
All things have a beginning and an end, but, unlike the calendar that human beings glance at every day, retailers get to determine their own calendar which they typically align in a way which compliments their fiscal health. For instance, most retailers offset their fiscal calendars to end at the end of January to give them accounting maneuverability when filing for taxes. A retailer can also decide to divide the year into what is referred to as a “4-5-4” year, which means that the year starts with months of 4 weeks, then 5 weeks, then 4 weeks and so forth.
Uniquely, Wal-Mart starts their fiscal week on Saturday and ends on Friday, however far more typical throughout the industry is to begin on Sundays and ending on Saturdays. Though these calendars represent a “shift” of a month or two forward, they are still consistent so that year over year comparisons can be made with as little confusion as possible. However, there are some holidays such as Thanksgiving which, instead of depending on a specific number day of the month, are determined by when Thursday falls during the month of November. Outside, of these slippery holiday dates though, having an offset fiscal calendar provides businesses with the same number of weekends for comparable months, therefore allowing a more accurate accounting of their sales.
But, maybe you just want to know what retailers use which calendar? Then, to access nearly every major retailer’s calendar, please fill out the form below! Upon clicking the submit button you will be redirected to a confirmation page that contains the password and documents to download.
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