SO we now know same store sales were down 15% so all the fake posts over the holidays saying there store was up over 100% and super busy was just a bunch of corporate scam posts
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Garbage in, Garbage out. Manipulating the sales numbers is a routine practice for Sears. Always has been, even from the start, and always will be until their final Bankruptcy in November, 2018.
Store Managers and Corporate Execs at major retailers have manipulated the sales numbers for years. However, no Store conglomerate has manipulated the numbers like good-old-boy Sears. Eddie should get a certificate, or honored at Yale.
- IF that is the case then your store would be counted in the numbers for October 2016 and October 2017 but the numbers would not be included in for Nov. 2016 vs. 2017. That is how it works. If your store is closed and there were no sales for Nov. then the numbers would not be counted.
This is how it is done and how to post financials legally and according to SEC rules.
Please, before you spout off about something you do not know or understand learn a little accounting and finance. And yes, I am a CPA
Fake news? it was in a Sears press release!!! SSS always does apples to apples, so if a store is closed it is not included in the comparison. Here is the ultimate in not fake news: Sears is going BK. Prepare for it. Not today, but not two years from now either.
Yes, however, any store that closed in October is part of the same store, and their November numbers equal Zero, vs having sales a year ago.
This is the sole reason for the decline for the “first two months” of the quarter.
So a store might be listed as October 2016 $125k, November 2016 $185k, oct 2017 $126, November 2017 $0.00
So this is more Fake news.
To clarify I mean If 100 stores are open now but 150 stores were open last year the same store sales only considers the sales of the 100 stores open now and compares them to those same 100 a year ago.
An average of the company as in an average of the stores that were open before versus those same stores currently... it doesn't count newly opened or closed stores into the amount...
Same-store sales is a number for one store, or an average of that number across all remaining stores when talking about the whole company.
We haven’t even seen the numbers yet, WTF???
No same store sales is the same stores from this year to last year THUS """SAME STORE SALES""
"Same store sales" refers to the company overall. It doesn't mean one specific store couldn't have had a really good day. It just means the company as a whole didn't.
Also the post that said they were up 100% seemed like it was sarcastic.......