It would be excluded from the calculation like the new store in this video. In order for a store to be included in the same store sales calculations, it must have traded throughout the two periods that are being compared.
Thank you for making these retail videos! I was an S. M. @ Tommy Hilfiger for 5+ years and now I am working for a fantastic new cannabis company and have been creating systems like this and the retail maps 🙏💯 thank you for the refresher!
Thank you for the video! What about when store 3 closes? How would you account for that for future year?
It would be excluded from the calculation like the new store in this video. In order for a store to be included in the same store sales calculations, it must have traded throughout the two periods that are being compared.
Thank you for making these retail videos! I was an S. M. @ Tommy Hilfiger for 5+ years and now I am working for a fantastic new cannabis company and have been creating systems like this and the retail maps 🙏💯 thank you for the refresher!
Thank you for watching and for your comment, Wes!
All the best in your career
You can also do TY/LY-1
Most important video for measuring
hi , plz how to calculate de LY when i know ca for now in excel?
Hello,
LY (last year) is not calculated. It is actual figures from the system reports of the previous year's sales
Helpful 👍
Can it be related to comparable store sales ?
Yes, same store sales are also called comparable sales or comps
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