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mmm_ok

Total Sales Vs Like For Like Sales

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I've never really understood why most sales figures focus on 'like for like' rather than total sales.

Like this month, year on year total sales is around +3%. This doesn't seem too shabby... it's above inflation which means people are spending more this year than last year.

So when retailers quote lower like for like sales, doesn't that just mean they've saturated the market or overexpanded?

Is this just a sob story to make the economy sound in worse shape than it really is in an attempt to get lower interest rates? I don't get it...

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I've never really understood why most sales figures focus on 'like for like' rather than total sales.

Like this month, year on year total sales is around +3%. This doesn't seem too shabby... it's above inflation which means people are spending more this year than last year.

So when retailers quote lower like for like sales, doesn't that just mean they've saturated the market or overexpanded?

Is this just a sob story to make the economy sound in worse shape than it really is in an attempt to get lower interest rates? I don't get it...

Edit: lost the post i attached which ran into volumes and i can't be bothered to do it again

the long and short is u got it perfectly!

Edited by the end is nigh

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Guest muttley

Retailers always quote like for like sales,because investors consider it the best indication of how they are doing.

It may be true that retailers are currently whinging and would like to see more interest rate cuts,but if sales were up they would still quote like for like sales so that the directors could vote themselves a pay rise.

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Retailers always quote like for like sales,because investors consider it the best indication of how they are doing.

It may be true that retailers are currently whinging and would like to see more interest rate cuts,but if sales were up they would still quote like for like sales so that the directors could vote themselves a pay rise.

Like for like sales must be pretty easy to manipulate - am I right in thinking there is no standard measure or audit?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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