The Joke About Same Store Sales
For the most part, same store sales are up low single digits......
But the prices on most goods sold are UP DOUBLE DIGITS....and in many cases like cotton and other commodities....up very high double digits.
Target May same-store sales up 2.8%
Dillard's May same-store sales up 2%
Gap May same-store sales fall 4%
BJ's May same-store sales up 3.5%, excluding gas
My favorite bag of coffee is up over 50% just this year alone and Target, WalMart and BJs sells lots of food.
Tighty whities are up over 33%......
and my LOVE for my fellow fools is up well over 100%.
It truly is an Udder World when the mainstream media doesn't factor rapidly rising costs in same store sales analysis.