Like for Like (LFL) retail sales growth

This measure calculates like for like (LFL) retail sales growth (SKUs). Like for Like (LFL) retail sales growth refers to growth in sales as recorded by the same number of stores a year ago. This instends to adjust for sales from new stores opened (or newly acquired companies) and stores closed (divestiture) in the period. This Process Efficiency measure is intended to help companies minimize waste and refine resource consumption related to the process "Establish sales goals and measures".

Benchmark Data

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Measure Category:
Process Efficiency
Measure ID:
106120
Total Sample Size:
64 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
Yes

Sample image showing interactive filters for more detailed measure peer group data and an interactive graph.

Compute this Measure

Units for this measure are percent.

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Like for Like (LFL) retail sales growth (SKUs)

Key Terms

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Process efficiency

Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.

Median

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

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Cross Industry (7.3.1)