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comps

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Same Store Sales
When a retail company owns several stores, the amount in sales made by stores that have been open for more than one year. It is calculated by subtracting the amount in sales made by new stores from the total sales in a given period. Same store sales are useful because they allow a company to have an indication how much demand for its products is growing in stores that currently exist. Increases in same store sales may be as useful to expansion as opening new stores as they do not carry the overhead associated with it. Same store sales are released on a monthly basis and are also known as comps.

comps

Shorthand for comparable properties, used in appraisal.



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COMPS will provide RE/MAX sales associates with Internet access to its extensive, proprietary database of valuation support information and to its commercial listing and private broadcast/buyer matching service.
11 in San Diego and is scheduled to be made available nationally on a market-by-market basis over the next 12 months; Pipeline, an adjunct to COMPSLink, COMPS' acclaimed software database management package that provides the most current COMPS information available; and Spectrum, a subscription/Internet-based data warehousing platform.
This expansion was a natural for COMPS due to our technology expertise and knowledge of commercial real estate and Herb is superbly qualified to lead us in pursuing our goal of establishing the industry's preeminent online listing service," Crane said.
 
 
 
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