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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.


Shorthand for comparable properties, used in appraisal.

References in periodicals archive ?
Stephanie Chalk (19) won one Winter League comp on a countback from Sandra Morris with Dilys Jones (18) third and Maria Morgan (20) another from Val Jinks (17) and Sue McCarthy (17).
Kohl's comps have shown some recent momentum, with third quarter comps at 2.
Should luxury retailer comp growth decelerate into the low single-digit range, reflecting recent volatility in the financial markets, Fitch expects modest declines in gross margins as comp store inventory growth remains in the low to mid single-digits.
If CoStar is not able to integrate the operations of COMPS on a timely and cost effective basis, then the merger may be not be successful.
Effective immediately, Connection Card members may track their comp balances on the Caesars Entertainment web site www.
sold off 2-1/4 to 11-1/4 on heavy volume on news of lower-than-expected and negative comp store sales.
The recipient charity for all donated Comps Points during 2002 is Miracle Flights For Kids, a Las Vegas-based organization that assists individuals and families with travel to medical facilities across the U.
Customers must be a National Comps member and enter their frequent flyer account number when making the online reservation to receive Double Points.
Kubota Comps Corporation whose headquarters are in Osaka, Japan is a wholly owned subsidiary of Kubota Corporation.
In addition to the standard Comp Points, players on the site will also receive Daily Comp Points just for stopping by.