Comps

Business, Legal & Accounting Glossary

Definition: Comps


Comps


Full Definition of Comps


In retail, sales at stores which have been open for more than one year. This enables investors to determine what component of the overall sales growth was due to the opening of new stores, and to also track the profitability of individual branches. Same-store sales are also an important factor in deciding how a company should modify its retail strategy.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/comps/
Modern Language Association (MLA):
Comps. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/comps/.
Chicago Manual of Style (CMS):
Comps. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/comps/ (accessed: March 29, 2024).
American Psychological Association (APA):
Comps. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/comps/

Definition Sources


Definitions for Comps are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.