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Published by Authori of the HON. WD. EULER, M.P., Minister of Trade and Commerce.CANADA DOMINION BUREAU OF STATISTICS CEN$US OF MERCHANDISING AND SERVICE ESTABLISHMENTSMOTOR VEHICLE RETAILING IN ACANADA CALENDAR

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How to fill out monthly retail trade sales

01

Start by gathering all the necessary data such as your sales records, inventory reports, and customer receipts for the designated month.

02

Categorize your retail sales into different product or service categories. This will help organize your data and make it easier to analyze later on.

03

Calculate the total sales for each category by adding up the individual sales figures.

04

Determine the total retail sales for the month by summing up the sales figures from all the categories.

05

Calculate the percentage change in retail sales compared to the previous month or the same month of the previous year, if applicable.

06

Prepare a report or spreadsheet detailing the monthly retail trade sales, including the total sales, sales by category, and any percentage change.

07

Review and validate the data to ensure accuracy and completeness.

08

Submit the completed monthly retail trade sales report to the relevant authorities or stakeholders as required.

Who needs monthly retail trade sales?

01

Monthly retail trade sales are needed by various entities, including:

02

- Retail businesses to track their sales performance, identify trends, and make informed business decisions.

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- Government agencies to monitor the overall health and growth of the retail sector, analyze economic indicators, and formulate policies.

04

- Investors and financial institutions to assess the financial health and profitability of retail businesses.

05

- Market researchers and analysts to study consumer behavior, market trends, and industry competitiveness.

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- Suppliers and manufacturers to gauge the demand for their products and plan production levels accordingly.

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- Potential business partners or buyers to evaluate the potential of a retail business before entering into a partnership or acquisition.

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What is monthly retail trade sales?

Monthly retail trade sales refer to the total sales made by retail establishments during a specific month. This data helps in assessing the retail sector's performance and economic trends.

Who is required to file monthly retail trade sales?

Businesses engaged in retail trade that meet certain revenue thresholds are typically required to file monthly retail trade sales.

How to fill out monthly retail trade sales?

To fill out the monthly retail trade sales, businesses need to report their total sales figures for the month, along with any applicable returns, discounts, and allowances.

What is the purpose of monthly retail trade sales?

The purpose of monthly retail trade sales is to provide timely data on consumer spending and retail market trends, which can inform economic policymaking and business strategies.

What information must be reported on monthly retail trade sales?

Businesses must report total retail sales, adjustments for returns and allowances, and other relevant sales data.

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