Same-store sales

Same-store sales

Same-store sales is a business term which refers to the revenue generated a retail chain's existing outlets over a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. By comparing sales data from existing outlets (that is, by excluding new outlets), the comparison is like-to-like, and avoids comparing data that are fundamentally incomparable.

Same-store sales are also known as comparable store sales or like-store sales.

Same-store sales are widely reported by publicly-owned retail chains as a key element of their operational results. For chains that are growing quickly by opening new outlets, same store sales figures allow analysts to differentiate between revenue growth that comes from new stores, and growth from improved operations at existing outlets.

By comparing how well existing outlets perform during a particular week compared to that same week in the previous year, business trends can be measured more accurately. Seasonal and geographical variations are removed from the measurement: instead of collecting an average over spans of time and location, annual changes in performance are revealed.

Specific store sales can also be compared. For example, a retail chain's finding that its same store sales at location A for the week-long shopping rush before Christmas are greater than those at location B is a useful piece of data. That data would have been less useful if only chain-wide sales for that week were known (with all stores averaged together), or if only year-long sales were known for that particular store.

References

External links

* [http://www.investopedia.com/terms/s/samestoresales.asp Investopedia]
* http://www.investopedia.com/articles/07/retailsalesdata.asp


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • same-store sales — ➔ sale * * * same store sales UK US noun [plural] ACCOUNTING, COMMERCE ► COMPARABLE STORE SALES(Cf. ↑comparable store sales) …   Financial and business terms

  • Same-Store Sales — A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening… …   Investment dictionary

  • same-store sales — /ˌseɪm stɔ: seɪlz/ noun sales for the same stores over an earlier period ▪▪▪ ‘…it led the nation’s department stores over the crucial Christmas season with an 11.7% increase in same store sales’ [Fortune] ▪▪▪ ‘…its consistent double digit same… …   Dictionary of banking and finance

  • same-store sales — [ sām stôr ˌsālz] n. Finance a figure used to determine what amount of sales growth is attributable to new store openings, based on sales made by stores that have been open more than one year …   Useful english dictionary

  • same-store — UK US adjective [before noun] COMMERCE, ACCOUNTING ► used to compare sales at company s stores in one period with the same stores in a different period, not including stores that have opened or closed during the period: »On a same store basis,… …   Financial and business terms

  • comparable-store sales — ˌcomparable ˈstore ˌsales ➔ sale * * * comparable store sales UK US noun [plural] (also same store sales, ABBREVIATION comps) ► ACCOUNTING, FINANCE a measurement of how successful a company is that involves examining the value of sales in a store …   Financial and business terms

  • Comparable Store Sales — The amount of revenue a retail location generated in the most recent accounting period, relative to the amount of revenue it generated in a similar period in the past. Comparable store sales are most commonly used to compare the most recent year… …   Investment dictionary

  • Chain Store Sales — An indicator that provides information on the monthly sales volumes from chain stores. Chain store sales, released on the first Thursday of the month, correspond to about 10% of retail sales, and are thought to be a good indicator of trends in… …   Investment dictionary

  • Convenience store sales on a same-store basis — Объем продаж в круглосуточных магазинах Японии на базе одинакового числа магазинов Словарь терминов и сокращений рынка forex, Forex EuroClub …   Финансовый словарь

  • store — ▪ I. store store 1 [stɔː ǁ stɔːr] noun [countable] COMMERCE 1. a large place that sells many different kinds of goods on several different floors, or goods in large quantities: • Most high street stores hold sales in January. • The firm has over… …   Financial and business terms

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”