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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Learn about Membership| 25th | Median | 75th |
|---|---|---|
| - | 4.0% | - |
Compute this Measure
Units for this measure are percent.
Like for Like (LFL) retail sales growth (SKUs)
Key Terms
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.
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.