
Like for like (LFL) growth is a measure of growth in sales, adjusted for new or divested businesses. This is a widely used indicator of retailers` current trading performance. The adjustment is important in businesses that show a significant dynamic of expansion, disposals or closures. To compare sales figures from different periods is only meani....
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http://en.wikipedia.org/wiki/Like_for_like

LFL numbers strip out the effect of shop openings and closures on retailers sales or profits....
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http://moneyterms.co.uk/i/

see core portfolio: are those properties that have been held throughout the year and which are not subject to significant redevelopment or refurbishment works.
Found on
http://www.encyclo.co.uk/local/20554
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