NRSInsights’ July 2024 Retail Same-Store Sales Report
NRSInsights released its July 2024 Retail Same-Store Sales Report, revealing a 1.2% year-over-year increase in same-store sales. Key highlights include:
- Unit sales increased 2.2% from July 2023
- Average transactions per store decreased 0.6% year-over-year
- Prices for top 500 items increased 2.5% year-over-year
- Three-month same-store sales (May-July 2024) increased 3.0% compared to 2023
The NRS network comprised 32,100 active terminals nationwide as of July 31, 2024. Notable trends included growth in Tequila, Prepared Cocktails, and Non-Alcoholic Beer sales, while Energy Drinks and Vape sales declined. Hurricane Beryl impacted sales in Texas markets. The report is based on approximately 194 million transactions from 18,700 stores.
NRSInsights ha pubblicato il suo rapporto sulle vendite al dettaglio nello stesso negozio di luglio 2024, rivelando un aumento dell'1,2% anno su anno nelle vendite nello stesso negozio. I punti salienti includono:
- Le vendite unitarie sono aumentate del 2,2% rispetto a luglio 2023
- Le transazioni medie per negozio sono diminuite dello 0,6% anno su anno
- I prezzi dei 500 articoli principali sono aumentati del 2,5% anno su anno
- Le vendite nello stesso negozio in tre mesi (maggio-luglio 2024) sono aumentate del 3,0% rispetto al 2023
La rete NRS contava 32.100 terminal attivi a livello nazionale al 31 luglio 2024. Tendenze notevoli includevano la crescita nelle vendite di Tequila, Cocktail Pronti e Birra Analcolica, mentre le vendite di Energy Drinks e Vape sono diminuite. L'uragano Beryl ha influenzato le vendite nei mercati del Texas. Il rapporto si basa su circa 194 milioni di transazioni da 18.700 negozi.
NRSInsights publicó su informe sobre ventas al por menor en tiendas comparables de julio de 2024, revelando un incremento del 1.2% interanual en las ventas en tiendas comparables. Los aspectos destacados incluyen:
- Las ventas unitarias aumentaron un 2.2% respecto a julio de 2023
- Las transacciones promedio por tienda disminuyeron un 0.6% interanual
- Los precios de los 500 artículos principales aumentaron un 2.5% interanual
- Las ventas en tiendas comparables durante tres meses (mayo-julio 2024) aumentaron un 3.0% en comparación con 2023
La red de NRS contaba con 32,100 terminales activos a nivel nacional al 31 de julio de 2024. Las tendencias notables incluyeron el crecimiento en la venta de Tequila, Cócteles Preparados y Cerveza Sin Alcohol, mientras que las ventas de Bebidas Energéticas y Vapeo disminuyeron. El huracán Beryl afectó las ventas en los mercados de Texas. El informe se basa en aproximadamente 194 millones de transacciones de 18,700 tiendas.
NRSInsights는 2024년 7월 소매 동일 매장 판매 보고서를 발표하며 동일 매장 판매에서 전년 대비 1.2% 증가를 밝혔습니다. 주요 사항은 다음과 같습니다:
- 유닛 판매는 2023년 7월 대비 2.2% 증가
- 매장당 평균 거래 수는 전년 대비 0.6% 감소
- 상위 500개 품목의 가격은 전년 대비 2.5% 증가
- 3개월 동일 매장 판매(2024년 5월-7월)는 2023년과 비교하여 3.0% 증가
2024년 7월 31일 기준 NRS 네트워크는 전국적으로 32,100개의 활성 단말기를 보유하고 있습니다. 주목할 만한 트렌드로는 데킬라, 혼합 칵테일, 논 알콜 맥주 판매의 성장과 에너지 음료 및 전자담배 판매의 감소가 있었습니다. 허리케인 베릴은 텍사스 시장의 판매에 영향을 미쳤습니다. 이 보고서는 18,700개 매장에서 약 1억 9400만 건의 거래를 기반으로 하고 있습니다.
NRSInsights a publié son rapport sur les ventes au détail des magasins comparables pour juillet 2024, révélant une augmentation de 1,2% par rapport à l'année précédente des ventes en magasins comparables. Les points clés incluent :
- Les ventes unitaires ont augmenté de 2,2% par rapport à juillet 2023
- Le nombre moyen de transactions par magasin a diminué de 0,6% par rapport à l'année précédente
- Les prix des 500 articles les plus vendus ont augmenté de 2,5% par rapport à l'année précédente
- Les ventes en magasins comparables sur trois mois (mai-juillet 2024) ont augmenté de 3,0% par rapport à 2023
Le réseau NRS comptait 32 100 terminaux actifs à l'échelle nationale au 31 juillet 2024. Parmi les tendances notables figuraient la croissance des ventes de Tequila, de cocktails préparés et de bières sans alcool, tandis que les ventes de boissons énergétiques et de vape ont diminué. L'ouragan Beryl a eu un impact sur les ventes dans les marchés du Texas. Le rapport est basé sur environ 194 millions de transactions provenant de 18 700 magasins.
NRSInsights hat seinen Verkaufsbericht für Juli 2024 veröffentlicht, der einen Jahresanstieg von 1,2% bei den Verkaufszahlen in den gleichen Geschäften zeigt. Wichtige Punkte umfassen:
- Der Stückverkauf stieg im Vergleich zu Juli 2023 um 2,2%
- Die durchschnittlichen Transaktionen pro Geschäft sanken um 0,6% im Jahresvergleich
- Die Preise für die 500 meistverkauften Artikel stiegen im Jahresvergleich um 2,5%
- Die Verkaufszahlen in den gleichen Geschäften über drei Monate (Mai-Juli 2024) stiegen um 3,0% im Vergleich zu 2023
Das NRS-Netzwerk hatte zum 31. Juli 2024 32.100 aktive Terminals im ganzen Land. Bemerkenswerte Trends waren das Wachstum im Verkauf von Tequila, Fertigcocktails und alkoholfreien Bieren, während die Verkäufe von Energydrinks und E-Zigaretten zurückgingen. Der Hurrikan Beryl hatte Auswirkungen auf die Verkaufszahlen im texanischen Markt. Der Bericht basiert auf etwa 194 Millionen Transaktionen aus 18.700 Geschäften.
- Same-store sales increased 1.2% year-over-year
- Unit sales increased 2.2% compared to July 2023
- Three-month same-store sales (May-July 2024) increased 3.0% year-over-year
- NRS network expanded to 32,100 active terminals nationwide
- NRS POS terminals processed $19.4 billion in sales through 1.4 billion transactions in the past 12 months
- Same-store sales growth moderated, continuing a year-long trend
- Average number of transactions per store decreased 0.6% year-over-year
- Hurricane Beryl caused double-digit sales decreases in coastal and Southeast Texas markets
- Sales of Energy Drinks, Chocolates and Confections, Vape, and sweet snacks declined
The NRSInsights July 2024 retail same-store sales report provides valuable insights into consumer spending trends in independent, urban retail stores. The 1.2% year-over-year increase in same-store sales indicates modest growth, but it's a significant deceleration from June's 5.1% increase. This slowdown, coupled with a 1.9% month-over-month decrease, suggests potential economic headwinds.
The 2.5% increase in average prices for top items, up from 1.1% in June, signals rising inflationary pressures. However, the 2.2% increase in units sold shows resilient consumer demand. The 0.6% decrease in transactions per store might indicate fewer shopping trips but larger basket sizes.
Notably, the NRS network has outperformed the U.S. Commerce Department's retail data by 2.3 percentage points on average over the past year, highlighting the strength of independent urban retailers in this economic climate.
The July 2024 retail data presents a mixed financial picture. While the
The impact of external factors like Hurricane Beryl on regional sales highlights the vulnerability of retail to environmental disruptions. This underscores the importance of geographical diversification in retail networks.
The shift in product sales trends, with growth in categories like Tequila and Non-Alcoholic Beer, while Energy Drinks and Vape sales declined, indicates changing consumer preferences. Investors should consider how these trends might affect CPG companies and retailers focused on these product categories.
The NRSInsights report offers important data on the health of independent urban retailers. The network's growth to 32,100 active terminals across 27,800 stores demonstrates the resilience of small-format, independent retail in urban areas. This expansion provides a robust dataset for analyzing consumer behavior in these markets.
The moderation in same-store sales growth aligns with broader economic trends but remains positive. The outperformance compared to U.S. Commerce Department data suggests that these independent retailers are adapting well to current market conditions.
The shift in product preferences, particularly the growth in Tequila and Prepared Cocktails sales, indicates evolving consumer tastes. Retailers and CPG companies should take note of these trends to optimize their product mix and marketing strategies. The return of beverage sales to trendlines after June's heatwave-induced spike highlights the importance of weather-related factors in short-term sales patterns.
July same-store sales increased
NEWARK, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative same-store sales results for July 2024.
As of July 31, 2024, the NRS retail network comprised approximately 32,100 active terminals nationwide, scanning purchases at independent retailers including bodegas, convenience stores, liquor stores, grocers, tobacco, and sundries sellers nationwide, predominantly serving urban consumers.
July Retail Same-Store Sales Highlights
(Same-store sales, unit sales, transactions, and average price data throughout this release refer to July 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month.)
- Same-store sales increased
1.2% from a year earlier (July 2023). In the previous month (June 2024), same-store sales had increased5.1% compared to June 2023.
- Same-store sales decreased
1.9% compared to the previous month (June 2024). Same-store sales in June 2024 had increased1.6% compared to the previous month (May 2024). - For the three months ended July 31 2024, same-store sales increased
3.0% compared to the three months ended July 31, 2023. - The number of units sold increased
2.2% from a year earlier (July 2023). In the previous month (June 2024), the number of items sold had increased5.5% compared to June 2023. - The average number of transactions per store decreased
0.6% from a year earlier (July 2023). In the previous month (June 2024), the average number of transactions had increased2.8% compared to June 2023. - A dollar-weighted average of prices for the top 500 items purchased during July 2024 increased
2.5% year-over-year, an increase from the1.1% year-over-year increase recorded in June 2024.
Retail Trade Comparative Data
The table below provides historical comparative data with the U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service:
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
The NRSInsights data in the chart above 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 U.S. Commerce Department’s retail data.
Commentary from Suzy Silliman (SVP, Data Strategy and Sales at NRS)
“The rate of same-store sales growth moderated across the NRS network in July, continuing a year-long trend. The year-over-year rate of nominal increase has decreased from over
“July’s nationwide results were modestly impacted by Hurricane Beryl, which triggered double digit sales decreases versus July 2023 in coastal and Southeast Texas markets, including Corpus Christi and Houston. Beryl, which disrupted distribution throughout the impacted regions, also caused widespread, extended-term power outages.
“On par with previous months, we continued to see notable growth in sales of Tequila, Prepared Cocktails, Smokeless Tobacco and Non-Alcoholic Beer during July, while sales of Energy Drinks, Chocolates and Confections, Vape, and sweet snacks such as packaged brownies, doughnuts, cakes, and pies, all declined.
“Although the U.S. continued to swelter under protracted heatwaves during the month, the unusually robust sales levels of Packaged Non-Alcoholic Beverages that we measured in June were not sustained for a second month. In July, Carbonated Soft Drinks, Bottled Water, and Sports Drinks volumes all returned to their respective trendlines.”
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 July 2024 with July 2023 are derived from approximately 194 million transactions processed through the approximately 18,700 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of July 2024 with June 2024 are derived from approximately 248 million transactions processed through approximately 26,700 stores.
Same-store data comparisons for the three months ended July 31, 2024 with the year-ago three months are derived from approximately 549 million scanned transactions processed through the stores that were in the NRS network in both quarters.
NRS POS Network
The NRS network comprises approximately 32,100 active POS terminals operating in approximately 27,800 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 as well as the District of Columbia, and in 200 of the 210 designated market areas (DMAs) in the United States. NRS’ POS terminals processed
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 IDT Corporation (NYSE: IDT).
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 SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
NRSInsights Contact:
Suzy Silliman
SVP, Data Strategy and Sales at NRS
National Retail Solutions
suzy.silliman@nrsplus.com
IDT Corporation Contact:
Bill Ulrey
william.ulrey@idt.net
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