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SMALL BUSINESS
Key sales indicator falls in Sept. for PriceSmart
AP ONLINE
posted: 51 DAYS 3 HOURS AGO
SAN DIEGO (AP) — PriceSmart Inc. said Wednesday that sales at warehouse clubs open at least a year dipped 1.1 percent in September.
These sales are a key indicator of retailer performance since they measure growth at existing stores rather than newly opened ones.
Total monthly sales rose 2.4 percent to $95.8 million from $93.6 million. The company had 26 warehouse clubs running at September's end, one more than the prior-year period.
PriceSmart owns and runs U.S.-style membership warehouse clubs in Central America and the Caribbean.
Shares of PriceSmart fell 2 cents to $18.86 in morning trading.
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