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Sales Strong in Second Week of January
   
Whereas the first week of 2016 got off to a slow start, independent grocers reported that their same store sales were up 2.55 percent compared to the same period in 2015. Customer counts remained strong, up close to six percent.

Last week, the Bureau of Labor Statistics released its December consumer price index report and the results showed continued decrease in the rate of inflation. In fact, food at home prices deflated in December and the 12 months of 2015.

In December, food at home prices decreased 0.5 percent. Individual categories that decreased were meat/poultry/fish/eggs (-1.4 percent), fruits/vegetables (-0.5 percent), other (-0.3 percent), cereal/bakery (-0.1 percent), and nonalcoholic beverages (-0.1 percent). The only increase came from dairy, at a slow 0.1 percent increase.

The index for food at home prices has now fallen 0.4 percent in the past 12 months, which retailers are feeling when it comes to their bottom line. Healthy levels of inflation help keep prices strong, but weak inflation, and now a period of deflation make it difficult for retailers to surpass previous years’ sales when their inventory isn’t worth as much as it used to be.


Same Store Sales        
% Change from last year

Same Store Sales – Previous Months

2016 Independent Grocers Financial
Survey Now Open

 
FMS and NGA invite you to participate in the 2016 Independent Grocers Financial Survey. The survey has been a joint effort between FMS and the National Grocers Association for the past eleven years and has become a critical benchmarking tool for independent grocers. The information you provide gives you and your fellow independent grocers valuable insights on the health of our industry and important benchmarking data for your company.
 
As always, your data will be completely anonymous and no identifying information will be included in the survey or shared with anyone.
 
The deadline to complete the questionnaire is February 17, 2016.
 
To participate, click here: www.fmssolutions.com/2016survey


BGBC Partners Tax Update: Uniform Capitalization Rules for Grocers
   
The Uniform Capitalization (UNICAP) rules were enacted by Congress in an attempt to bring some consistency and clarity to the question of what should be capitalized versus expensed. For small grocers, these tax provisions are usually out of sight, out of mind due to various exemptions. But when that small grocer starts to grow and expand, the exemptions may become inapplicable throwing the grocer into UNICAP’s complex maze of detailed rules and regulations. But how does a small reseller know when it has exceeded the threshold and must conform to the UNICAP rules?

Read More...

For More Information,
Contact Mark Ehleben
877-435-9400 x1402
marke@fmssolutions.com
8028 Ritchie Highway | Suite 212 | Pasadena, MD 21122


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