Friday, July 12, 2013

Quick View: Same-Store Sales Rise in June

Back in 2006, there were 68 retailers reporting monthly sales; in 2010 that number had fallen to just 32 retailers...and now just 10 remain. Combine that with the fact that most chains blend brick-and-mortar and online sales, and same-store sales have certainly lost their luster as the go-to metric of performance. Nonetheless, it's still a useful measure of industry and company-specific trends.

In June, the 10 chains that still report posted a total sales increase of 5.5% to $20.7 billion, as same-store sales rose 4.2%, the best gain since November 2011. Excluding drug stores, total sales rose 7.6% and comparable sales jumped 5.5% on top of a 2.8% rise last June.

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