April same-store sales increased 2.5% year-over-year
Inflationary pressures subsided further - average prices increased just 0.2% year-over-year
The NRS network surpassed 30,000 active terminals nationwide
As of
April Retail Same-Store Sales Highlights
(Same-store sales, unit sales, transactions, and average price data throughout this release refer to
- Same-store sales increased 2.5% from a year earlier (
April 2023 ). In the previous month (March 2024 ), average sales increased 7.2% compared toMarch 2023 . - Same-store sales decreased 0.9% compared to the previous month (
March 2024 ). Same-store sales inMarch 2024 increased 6.6% compared to the previous month (February 2024). - For the three months ended
April 30, 2024 , same-store sales increased 3.8% compared to the three months endedApril 30, 2023 . - The number of items sold increased 3.7% from a year earlier (
April 2023 ). In the previous month (March 2024 ), the number of items sold increased 7.8% compared toMarch 2023 . - The average number of transactions per store increased 1.7% from a year earlier (
April 2023 ). In the previous month (March 2024 ), the average number of transactions increased 4.6% compared toMarch 2023 . - A dollar-weighted average of prices for the top 500 items purchased increased 0.2% year-over-year, a decrease from the 0.7% year-over-year increase recorded in
March 2024 .
Commentary from
“Sales delivered by NRS retailers showed solid increases in April, particularly in light of the Easter Holiday falling in April last year but in March this year.
“Among notable trends, we saw continued growth for Smokeless Tobacco products fueled by nicotine pouches, as well as both Prepared and Wine-based Cocktails.
“Household grocery staples including eggs, dairy, and bread/buns all declined in both dollars and units sold versus
“Interestingly, sales of Sports Drinks declined by double-digits in seventeen of the top twenty states including Sports Drinks' two largest markets -- CA and NY. In thirteen of those seventeen states, sales of Performance Nutrition Shakes, a distinct category, grew by double digits, suggesting a significant shift among certain shoppers from Sports Drinks to Performance Nutrition Shakes.”
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 3.3% percentage points, on average.
The NRSInsights data have not been adjusted to reflect inflation, demographic distributions, seasonal buying patterns, item substitution, days per month, 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 30,300 active POS terminals operating in approximately 26,400 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 198 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