Same Store Sales

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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.
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Internationally, same-store sales fell 1.9 per cent, while revenue dropped 3.4 per cent to $715m.
"Front-store same-store sales growth was supported by solid increases across all nuyor categories, led by O-T-C and cosmetics."
"Front-store same-store sales growth of 4.1% was supported by solid increases across all major categories, led by O-T-C and cosmetics.
Same-store sales rose 5.6 percent (7.1 percent for U.S.
Shares of Signet, which is not part of the same-store sales index, were down more than 6 percent even though it reported a 5 percent increase in U.S.
-- The operator of Victoria's Secret and Bath & Body Works reported 8 percent growth in same-store sales this month.
8.9% increase in same-store sales for third quarter.
Same-store sales gained 1.7 percentage points from gas sales and lost 0.3 percentage point from the absence of pharmacy sales.
The Bon-Ton Stores, which recorded a 1.3 percent same-store sales gain, attributed part of its improvement to "strong gains" in furniture, said Tony Buccina, vice chairman and president of merchandising, in a statement.
In May, same-store sales rose 2.5 percent, down from 4.5 percent a year earlier but a sharp improvement from the 1.9 percent drop in April.
* Retail giant Wal-mart de Mexico (Walmex) continues to dominate the sector, reporting a 5.9% rise in same-store sales in June, compared to the same month last year.
The broader La-Z-Boy Furniture Galleries(R) network posted increases in first-quarter written same-store sales on a one-, two-, and three-year basis.