Recently, Norman Korn, Solutions Path Consultant in the retail vertical discussed strategies for resellers to help their customers prepare for a successful holiday retail season. In this follow up, Norman shares his insights on how resellers can help their retail customers leverage consumer usage of mobile devices while shopping in stores; in addition to the success of Amazon Prime 2018, and how resellers can learn from the retail giant.
Labor Day weekend marked the unofficial end of summer and initiated the home stretch of another year culminating in the holidays; the most prolific shopping period of the year. For retailers, holiday shopping accounts for 20-30 percent of annual sales, so being adequately prepared is job one. And for the resellers who support these retailers, their role is significant and represents a critical component in their customer’s seasonal readiness efforts – infrastructure.
The Tax Cut and Jobs Act of 2017, which took effect on Jan. 1, 2018, cut corporate tax rates 30 percent or more. Retailers, in particular, were among those most beneficial as businesses like Nordstrom and Dicks Sporting Goods are expected to see their tax rates drop from the high 30s to the low 20s.
Now, with the end of the third quarter closing in, most businesses have had time to realize the effects of the Act and incorporate the added revenue into the coming year’s budget planning process.