NRSInsights Reports Growth in Retail Same-Store Sales
NRSInsights Announces September Retail Sales Growth
September same-store sales increased 2.2% year-over-year
NEWARK, N.J. — NRSInsights, a leading provider of retail sales data and analytics sourced from the National Retail Solutions (NRS) point-of-sale (POS) platform, has released its comparative same-store sales report for September 2024.
As of September 30, 2024, the expansive NRS retail network comprised approximately 32,700 active terminals nationwide, serving around 28,400 independent retailers including bodegas, convenience stores, liquor outlets, grocers, and more. This network is predominantly focused on catering to urban consumers.
Highlights of September Retail Same-Store Sales
All sale data refers to September 2024, compared to September 2023, unless otherwise specified.
- Sales Performance:
- Same-store sales saw a year-over-year increase of 2.2%. In August 2024, sales had risen by 5.1% compared to the previous year.
- Compared to August, same-store sales decreased by 1.3%. August had recorded an increase of 1.7% over July.
- During the three months ending September 30, 2024, same-store sales rose by 2.3% compared to the same period last year.
- Units Sold:
- The count of units sold climbed by 2.9% year-over-year. August had noted a higher increase of 4.7% versus the previous year.
- Compared to August, the number of units sold only edged up by 0.2% after a prior increase of 1.3% in August over July.
- Average Transactions:
- The average number of transactions per store increased by 0.8% year-over-year. August reported a greater uptick of 1.8%.
- When compared to August, transactions dropped by 0.7%, following a previous increase of 1.5% the month before.
- Average Prices:
- The dollar-weighted average price for the top 500 items sold in September increased by 2.1% year-over-year, down from the 3.5% rise seen in August.
Competitive Retail Trade Data
Historical comparative data alongside the U.S. Commerce Department’s Advance Monthly Retail Trade sales excluding food services shows that NRS’s three-month moving average same-store sales performance outstripped the national data by 1.7 percentage points, on average.
The findings presented have not been adjusted for inflation, demographic shifts, seasonal purchasing patterns, or other variables that might impact the comparative sales analysis.
Insights from Suzy Silliman
“NRS recorded a year-over-year growth in same-store sales of 2.2% for September, although there was a drop of 1.3% compared to August,” explains Suzy Silliman, Senior VP of Data Strategy and Sales.
“We observed across several months a trend of declining sales in specific categories. Particularly, in September, sales in Chocolate and Confection, Vape products, Energy Drinks, Sports Drinks, and Sweet Snacks showed further decreases from a year earlier, with the rate of decline for Chocolate and Confection accelerating over previous months. Despite this, categories like Smokeless Tobacco, Tequila, and Prepared Cocktails remain strong performers.”
Silliman also noted notable sales increases in items tied to school lunches, including Lunchmeats, Cheese, Yogurts, and Variety Packs. However, some categories, especially those affected by natural disasters, displayed declines, particularly in Florida and Georgia.
Exploring NRSInsights’ Role in Retail
The monthly Same-Store Retail Sales Reports by NRSInsights serve to provide immediate insights into performance across a network of independent, urban retail stores. The comparisons for September 2024 versus the previous year account for transactions processed through approximately 19,400 stores, alongside transactions processed in approximately 27,400 stores comparing September to August.
The NRS platform is the largest POS terminal service for independent retailers in the U.S., processing over $20 billion in sales in the last twelve months, demonstrating the utility and reach of its services in the marketplace.
About NRS and Contact Information
National Retail Solutions is a subsidiary of IDT Corporation (NYSE: IDT) and operates a leading POS platform tailored to the needs of independent retailers across all 50 states. NRS provides transaction processing, business management tools, and invaluable insights into consumer behavior patterns.
NRSInsights Contact:
Suzy Silliman
SVP, Data Strategy and Sales at NRS
Email: suzy.silliman@nrsplus.com
IDT Corporation Contact:
Bill Ulrey
Email: william.ulrey@idt.net
Frequently Asked Questions
What was the year-over-year change in same-store sales for September?
Same-store sales increased by 2.2% compared to September of the previous year.
How did units sold in September compare to August?
Units sold increased by 0.2% compared to August 2024.
What major categories saw declines in sales?
Categories such as Chocolate and Confection, Vape, Energy Drinks, and Sports Drinks experienced declines in sales.
How does NRSInsights collect its sales data?
The data is collected from approximately 19,400 independent stores across the NRS network.
What role does NRS play in the retail market?
NRS provides essential services for independent retailers, including POS systems and analytics that help improve business strategies and sales performance.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Transformational Growth: How Autodesk Stock Has Thrived
- U.S. Common Dividend Payments Surge Despite Slow Growth
- Inflection Revolutionizes Global Employee Education Standards
- Cencora's Stock Growth: A Solid Investment Story Over 5 Years
- Affirm's Stock Sees Upgrade, Impactful Apple Pay Integration Ahead
- Empowering Women in Tech: 1,000 Dreams Fund's Global Initiative
- Are Teens Losing Interest in the Latest iPhone Models?
- Lawsuit Targets Lil Durk and Record Labels in Shooting Case
- Architect Securities Achieves FINRA Membership for Growth
- Experience a Magical Winter Wonderland at Fontainebleau Las Vegas
Recent Articles
- Kellie MacLeod Joins Worldwide Clinical Trials Leadership Team
- Sure Shot Rebranding: Transforming Alcohol Wellness Solutions
- UroGen Appoints Chris Degnan as CFO to Propel Growth
- SaverOne's New Partnership Opens Doors in Spain and Portugal
- Kynisca Appoints Markel Zubizarreta as Sporting Director
- Cloud ERP Market Growth Driven by AI Integration and Trends
- BIOTECanada Expands Leadership with New Board Appointments
- Lucent, Inc. Expands Technology Through Strategic Acquisition
- BTIG Strengthens Energy Investment Banking with New Hire
- Growth of Gold Trade and Its Unique Contributors
- Verisk's Upcoming Financial Results Announcement Overview
- Arda Therapeutics Announces $43M Funding for Revolutionary Therapies
- TRIMEDX Expands Leadership for Enhanced Service and Innovation
- Bausch + Lomb Financial Results Discussion Set for Late October
- Ouster Schedules Third Quarter 2024 Financial Results Call
- SeaStar Medical to Highlight Innovations in Upcoming Summit
- Rambus Set to Reveal 2024 Third Quarter Financial Insights
- SCOR Initiates Tender Offer for MRM's Complete Share Capital
- Take-Two Interactive Announces Q2 Fiscal Year 2025 Report
- Unit-Linked Insurance Market Growth Forecast to 2032
- Fastly Announces Q3 2024 Financial Results and Conference Call
- Clean Energy Fuels Corp. to Announce Q3 2024 Results Soon
- Unlocking the Potential of the Growing Cell Culture Market
- Zeta Global's Strategic Acquisition of LiveIntent for Growth
- Service Properties Trust Plans Q3 2024 Financial Call
- Poni Insurtech Partners With Global Care for Insurance Innovation
- Meta's Threads to Enhance User Engagement with Reels Sharing
- Pioneer Reports Strong Growth in Quarterly Revenue Forecast
- Microgrid Solutions by MCFI Transform Remote Alaskan Connectivity
- SunOpta's Dream Oatmilk Set to Light Up 6,700 New Stores
- Revitalizing Canada's AI Landscape for Future Success
- United Warehouse Partners with Starwarehouse for Solar Energy
- Building Trust in Rental Cars: What Customers Expect
- New Prostate Cancer Guidelines for South America Emphasize Care
- Strategic Acquisition: Industrial Threaded Products Expands Reach
- UbiRider Triumphs as Premier Public Transit Tech Solution
- Empowering Health in Communities Through Virtual Conference 2030
- Key Factors Behind TSMC's Recent Stock Surge
- SoFi Unveils Innovative Everyday and Essential Credit Cards
- Citi Analysts Boost Optimism for Major Cruise Stocks
- Discovering Advanced Investment Solutions Through Arta Finance
- United Warehouse Expands Green Initiatives with New Solar Deal
- Enhanced Radar Technology Revolutionizes Expeditionary Operations
- Analysts Optimistic About Netflix and Other Key Stocks
- Ovintiv's Stock Target Adjustment: What Investors Should Know
- MLTT Attracts Major Investment to Boost North American Table Tennis
- Michael Burry's Strategic Shift to Chinese Stocks Yields Results
- Black Diamond Therapeutics: Pivotal Developments Ahead
- Avanci Strengthens Partnership with Toyota Through 5G License
- ShiraTronics Secures $66 Million for Migraine Treatment Innovation