What exactly does the term "same store sales" mean? I've always read that term being used for retail sales, but it isn't clear to me what it means.
It means stores open at least 1 year (and sometimes some change like a month). The company I work for same store sales are up 6.1% Year over Year, while total overall sales are up 24% from new store openings. It’s generally a solid indication of how your established stores are doing.