Hello, Please correct me. I didnt understand about "Ramadan month" (timestamp 2.02) where you said many retailers find it easier with a normal calender. Then why using 4-5-4 retail calender then ? . Please explain why "Ramanadan month" retail calender is not helpful ? . Correct me if i am wrong in understanding. Thank you 🙏
Hello Ramesh, Not all retailers in all countries adopt the 454 calendar. Many just follow the normal monthly calendar because the 454 calendar doesn't help in aligning key events for them. For example, in the Middle East a lot of key events are based on the Hijri calendar, such as the month of Ramadan and Eid periods.. it is equivalent to the holiday season in the U.S.. but because Ramadan keeps shifting every year 10 or 11 days backwards, it doesn't have a fixed date in the Gregorian calendar anyways, and so in one year it might fall in one calendar month, and the next year it would partly shift to the previous month. The idea of the 454 calendar is that it aligns weekends and holidays, so that reporting would be comparable, but that might apply to a market like the US, but wouldn't be applicable to a market like the Middle East. So in this case just following the normal calendar would be easier for these retailers, because it aligns with their accounting and tax reporting timings, and for them no added value is provided by adopting the 454 calendar.
@@RetailDogma 🙏Thank you so much for your time and explaining to me in such detail 🙏. Means a lot you helped me understandng it. Now i am clear with this. You are so nice person ❤, helping other people learn 😊
Hello, Please correct me. I didnt understand about "Ramadan month" (timestamp 2.02) where you said many retailers find it easier with a normal calender.
Then why using 4-5-4 retail calender then ? . Please explain why "Ramanadan month" retail calender is not helpful ? . Correct me if i am wrong in understanding. Thank you 🙏
Hello Ramesh,
Not all retailers in all countries adopt the 454 calendar. Many just follow the normal monthly calendar because the 454 calendar doesn't help in aligning key events for them. For example, in the Middle East a lot of key events are based on the Hijri calendar, such as the month of Ramadan and Eid periods.. it is equivalent to the holiday season in the U.S.. but because Ramadan keeps shifting every year 10 or 11 days backwards, it doesn't have a fixed date in the Gregorian calendar anyways, and so in one year it might fall in one calendar month, and the next year it would partly shift to the previous month. The idea of the 454 calendar is that it aligns weekends and holidays, so that reporting would be comparable, but that might apply to a market like the US, but wouldn't be applicable to a market like the Middle East. So in this case just following the normal calendar would be easier for these retailers, because it aligns with their accounting and tax reporting timings, and for them no added value is provided by adopting the 454 calendar.
@@RetailDogma 🙏Thank you so much for your time and explaining to me in such detail 🙏. Means a lot you helped me understandng it. Now i am clear with this.
You are so nice person ❤, helping other people learn 😊
👍👍👍
👏🏿👏🏿👏🏿👏🏿