February same-store sales per calendar day increased 3.5% year-over-year and 7.4% sequentially
Retailers in certain Western states recorded the largest year-over-year gains as winter storms triggered stockpiling
Average prices increased 1.2% year-over-year
As of
February Retail Same-Store Sales Highlights
(Same-store sales, unit sales, transactions, and average price data refer to
- Same-store sales increased 3.5% from a year earlier (
February 2023 ). InJanuary 2024 , average sales had increased 1.4% compared toJanuary 2023 . - NRS retail stores in
Arizona ,Montana andWyoming generated the highest rates of year-over-year increases. - Same-store sales increased 7.4% compared to
January 2024 , consistent with the expected seasonal rebound from the post-holiday dip in January. Same-store sales inJanuary 2024 had decreased 10.0% compared toDecember 2023 . - For the three months ended
February 29, 2024 , same-store sales increased 2.8% compared to the three months endedFebruary 28, 2023 . - The number of items sold increased 4.4% compared to
February 2023 , the same rate of increase as forJanuary 2024 compared toJanuary 2023 . - The average number of transactions per store increased 2.0% compared to
February 2023 . ForJanuary 2024 , the average number of transactions had decreased 0.6% compared toJanuary 2023 . - A dollar-weighted average of prices for the top 500 items purchased increased 1.2% year-over-year, an increase from the 0.3% year-over-year increase recorded in
January 2024 , but still well below the 2023 peak level of 5.3% in September.
Commentary from
“Same-store sales in February – adjusting for the
“February’s sales are always interesting because of consumer spending patterns leading up to
“Regionally, our retailers in
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 4.3% 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 29,100 active POS terminals operating in approximately 25,300 independent retail stores. Its platform predominantly serves small-format, independent, retail stores including convenience stores, bodegas, liquor stores, grocers, 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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Attachment
- National Retail Solutions
National Retail Solutions
Retail Trade Comparative Data
2024 GlobeNewswire, Inc., source