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On the profit reports you have the option to group your products into certain categories.
Part of the options is “Group by Variation” and “Group by Store Variation”. The difference between the two is very simple.
When selecting “Group by Variation” the products are going to group according to the variation entered locally in the system.

When selecting “Group by Store Variation” the products are going to group according to the variations imported like it is on the marketplace.