Same-store sales at NRS retailers during December increased 5.5% compared to
Compared to
As of
December Retail Same-Store Sales Highlights
(Same-store sales, unit sales and transaction data refer to
- Same-store sales increased 5.5% from a year earlier (
December 2022 ). Average sales per calendar day increased 5.3% compared to the preceding month (November 2023). - Same-store sales in the preceding month (
November 2023 ) had increased 3.1% compared to the year-ago month (November 2022 ). Average sales per calendar day inNovember 2023 had decreased 1.2% compared to the preceding month (October 2023). - For the three months ended
December 31, 2023 , same-store sales increased 3.4% compared to the same three months in 2022. - The number of items sold increased 7.4% compared to a year earlier (
December 2022 ) and increased 3.7% compared toNovember 2023 on a per calendar day basis. - The average number of transactions per store increased 5.1% compared to
December 2022 . The average number of transactions per calendar day increased 0.3% compared toNovember 2023 . - A dollar-weighted average of prices for the top 500 items purchased in
December 2023 increased 1.2% year-over-year, a decrease from the 3.9% year-over-year increase recorded inNovember 2023 .
Commentary from
“Our data indicates that NRS retailers enjoyed a busy holiday season with outsized gains in same-store sales and continued moderation in the rate of inflation on the most popular items. Same-store sales at retailers utilizing our POS platform increased 5.5% in December compared to
“NRS has reported same-store sales year-over-year growth across dollars, units, and traffic each month in 2023 and, in aggregate, its retailers have consistently outperformed the
Retail Trade Comparative Data
The table below provides historical comparative data with the
Over the past twelve months, the NRS network’s three-month moving average same-store sales have outpaced the US Commerce Department’s Advance Monthly Retail Trade data excluding food services by 4.5% percentage points, on average.
The NRSInsights data have not been adjusted to reflect inflation, demographic distributions, seasonal buying patterns, item substitution, or other factors that may facilitate comparisons to other periods, to other same-store retail sales data, or to the
NRSInsights Reports
The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.
Same-store data comparisons of
Same-store data comparisons for the three months ended
NRS POS Network
The NRS network comprises approximately 28,300 active POS terminals operating in approximately 24,500 independent retail stores. Its platform predominantly serves small-format, independent, retail stores including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers. The network includes retailers in all 50 states and in 197 of the 210 designated market areas (DMAs) in
About National Retail Solutions (NRS):
National Retail Solutions operates the largest point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the
NRSInsights Contact:
SVP, Data Strategy and Sales at NRS
National Retail Solutions
suzy.silliman@nrsplus.com
IDT Corporation Contact:
william.ulrey@idt.net
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Source: National Retail Solutions
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