Show Hide Like-for-like sales have become the benchmark in the City for judging the current performance of retailers. Typically represented as percentage growth rates, like-for-like sales measure sales at stores that have been open for at least a year, stripping out the impact of sales at newer stores. Critics of the measure say that like-for-like sales do not always give an accurate picture of a retailer’s health. Sales rose 9.2% in 2019, more than tripling from the previous year. Online sales rose 14.8%, down from 59.1% a year earlier.

Source: The Guardian January 09, 2020 11:33 UTC