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PriceSmart records November sales increase of 21 percent to $131.9 million

Wednesday, December 8, 2010

PriceSmart, which operates warehouse clubs in Central America and the Caribbean, said that a key revenue figure rose 15.8 percent in November.

Total sales rose 21 percent to $131.9 million for the month, while revenue in stores open at least one year rose 15.8 percent.

The measure is considered a key gauge of a retailer's health because it excludes stores that open and close during the year.

Original source: Associated Press