Sales Floor Can someone explain to me what comp means in terms of sales on MPM?

[Shmoople]

Probably a very dumb question, but it was never fully explained to me. I know that we're always aiming for green, but what does comping actually mean? Is it the comparison of your sales between other stores, or is it the sales comparison between this year's and last year's sales?

I need a full run down!

Thank you.

 

[Yetive]

Between this year and last year at your store.

 

[Xanatos]

Specifically, it is the previous fiscal period compared to the current fiscal period. For example, Christmas is on the 25th every year, but a different day of the week. Last year Christmas was on Saturday, so we did $0 for in-store sales. This year, Christmas Eve is on that same Saturday of the fiscal year, which will be an enormous sales day, so our sales comp will be astronomical.

Some holidays match up fiscally because they are on the same day of the week each year, like Thanksgiving, Memorial Day, etc, so they should be easy to compare.