The July 26 deadline to complete the ABACUS survey is quickly approaching. This year we are delighted to offer a chance for a full scholarship to Winter Institute 2023 for all participating stores. A drawing will be held once the deadline has passed. What is ABACUS? ABACUS is a free annual report filled with detailed information highlighting how your store compares to other stores in a range of areas, including profitability, productivity, and financial management. Why should I complete it? ABACUS can be one of the most useful tools for your business and for our industry. Stores use it to negotiate leases and analyze their financials; ABA uses it to lobby on stores’ behalf — and so much more! This data is critical to our industry. How do I complete the survey? Have your Tax return and year-to-date Z report from your POS handy. It should take about 45 minutes to complete. Or, if you spend 10 minutes a day, you will finish in 5 days (Inputs save automatically). Log in to ABACUSBenchmarking.com or refer to the email sent June 15 from [email protected] with the subject line “ABACUS Benchmarking Survey.” Help is available! That includes walking you through the whole process. Email ABA Chief Financial Officer, PK Sindwani at [email protected] or Sophia Rizzi at [email protected].
Short on time? Here’s everything you need to know in our ABACUS infographic. |