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ap

Key sales indicator falls in Sept. for PriceSmart

PriceSmart: Sales at warehouse clubs open at least a year fell 1.1 percent in September

  • On 10:13 am EDT, Wednesday October 7, 2009

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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