NRSInsights’ October 2024 Retail Same-Store Sales Report
NRSInsights reported October 2024 same-store sales increased 3.7% year-over-year, with the NRS retail network comprising approximately 33,100 active terminals nationwide. Key metrics show units sold increased 2.8% YoY, while transactions per store rose 1.6% YoY. Average prices for top 500 items increased 1.9% YoY, down from September's 2.1% increase.
The network processed $1.8 billion in sales (+20% YoY) across 131 million transactions (+17% YoY) in October. Beverage sales were notably strong, with Energy Beverages breaking a six-month decline trend. However, candy sales continued to decrease through the Halloween season compared to the previous year.
NRSInsights ha riportato che le vendite nei negozi comparabili di ottobre 2024 sono aumentate del 3,7% su base annua, con una rete di vendita al dettaglio NRS composta da circa 33.100 terminal attivi a livello nazionale. I principali indicatori mostrano un incremento del 2,8% nelle unità vendute rispetto all'anno precedente, mentre le transazioni per negozio sono aumentate dell'1,6% su base annua. I prezzi medi dei 500 articoli più venduti sono aumentati dell'1,9% rispetto all'anno scorso, in calo rispetto all'aumento del 2,1% di settembre.
La rete ha elaborato 1,8 miliardi di dollari in vendite (+20% su base annua) su 131 milioni di transazioni (+17% su base annua) nel mese di ottobre. Le vendite di bevande sono state particolarmente forti, con le bevande energetiche che hanno interrotto un trend di declino di sei mesi. Tuttavia, le vendite di caramelle hanno continuato a diminuire durante la stagione di Halloween rispetto all'anno precedente.
NRSInsights informó que las ventas en tiendas comparables de octubre de 2024 aumentaron un 3.7% interanual, con una red minorista de NRS que comprende aproximadamente 33,100 terminales activos a nivel nacional. Las métricas clave muestran que las unidades vendidas aumentaron un 2.8% interanual, mientras que las transacciones por tienda crecieron un 1.6% interanual. Los precios promedio de los 500 principales artículos aumentaron un 1.9% interanual, disminuyendo desde el aumento del 2.1% de septiembre.
La red procesó 1.8 mil millones de dólares en ventas (+20% interanual) a través de 131 millones de transacciones (+17% interanual) en octubre. Las ventas de bebidas fueron notablemente fuertes, con las Bebidas Energéticas rompiendo una tendencia de declive de seis meses. Sin embargo, las ventas de caramelos continuaron disminuyendo durante la temporada de Halloween en comparación con el año anterior.
NRSInsights는 2024년 10월 동일 매장 매출이 전년 대비 3.7% 증가했다고 보고했으며, NRS 소매 네트워크는 전국적으로 약 33,100개의 활성 단말기를 포함하고 있습니다. 주요 지표에 따르면 판매된 단위는 전년 대비 2.8% 증가했으며, 매장당 거래 수는 전년 대비 1.6% 증가했습니다. 상위 500개 품목의 평균 가격은 전년 대비 1.9% 상승하며, 9월의 2.1% 증가에서 감소했습니다.
이번 네트워크는 10월에 18억 달러의 매출을 처리했다 (+20% 전년 대비) 1억 3100만 건의 거래 (+17% 전년 대비)로 기록했습니다. 음료 판매는 특히 강세를 보였으며, 에너지 음료는 6개월간의 감소 추세를 끊었습니다. 그러나 사탕 판매는 작년과 비교하여 할로윈 시즌 동안 계속 감소했습니다.
NRSInsights a rapporté que les ventes dans les magasins comparables d'octobre 2024 ont augmenté de 3,7 % par rapport à l'année précédente, le réseau de détail NRS comptant environ 33 100 terminaux actifs à l'échelle nationale. Les principaux indicateurs montrent que le nombre d'unités vendues a augmenté de 2,8 % par rapport à l'année précédente, tandis que les transactions par magasin ont augmenté de 1,6 % sur un an. Les prix moyens des 500 articles les plus vendus ont augmenté de 1,9 % par rapport à l'année précédente, en baisse par rapport à l'augmentation de 2,1 % de septembre.
Le réseau a traité 1,8 milliard de dollars de ventes (+20 % par rapport à l'année précédente) à travers 131 millions de transactions (+17 % par rapport à l'année précédente) en octobre. Les ventes de boissons ont été particulièrement fortes, les boissons énergétiques mettant fin à une tendance de déclin de six mois. Cependant, les ventes de bonbons ont continué à diminuer pendant la saison d'Halloween par rapport à l'année précédente.
NRSInsights berichtete, dass die Same-Store-Verkäufe im Oktober 2024 im Jahresvergleich um 3,7 % gestiegen sind, wobei das NRS-Einzelhandelsnetzwerk landesweit etwa 33.100 aktive Terminals umfasst. Wichtige Kennzahlen zeigen, dass die verkauften Einheiten im Jahresvergleich um 2,8 % gestiegen sind, während die Transaktionen pro Geschäft im Jahresvergleich um 1,6 % zugenommen haben. Die Durchschnittspreise der 500 meistverkauften Artikel sind im Jahresvergleich um 1,9 % gestiegen, was einen Rückgang gegenüber dem Anstieg von 2,1 % im September bedeutet.
Das Netzwerk verarbeitete 1,8 Milliarden Dollar Umsatz (+20 % im Jahresvergleich) bei 131 Millionen Transaktionen (+17 % im Jahresvergleich) im Oktober. Die Verkäufe von Getränken waren bemerkenswert stark, da die Energydrinks einen sechsmonatigen Abwärtstrend durchbrachen. Die Verkäufe von Süßigkeiten hingegen gingen im Vergleich zum Vorjahr während der Halloween-Saison weiterhin zurück.
- Same-store sales increased 3.7% year-over-year
- Network processed $1.8 billion in sales (+20% YoY)
- Transaction volume increased 17% year-over-year
- Units sold grew 2.8% year-over-year
- Network expansion to 33,100 active terminals
- Month-over-month same-store sales decreased 0.5%
- Candy sales declined during key Halloween season
- Average price increase of 1.9% indicates ongoing inflation pressure
Insights
The NRSInsights report reveals significant trends in retail performance, with
Notable findings include:
- Strong performance across 201 of 210 U.S. market areas
- Monthly transaction volume of
$1.8 billion (20% YoY growth) - Outperformance vs. U.S. Commerce Department retail data by
1.7%
October same-store sales increased
NEWARK, N.J., Nov. 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 October 2024.
As of October 31, 2024, the NRS retail network comprised approximately 33,100 active terminals nationwide, scanning purchases at approximately 28,900 independent retailers including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers nationwide, predominantly serving urban consumers.
October Retail Same-Store Sales Highlights
(Same-store sales, unit sales, transactions, and average price data throughout this release refer to October 2024 and are compared to October 2023 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.)
- SALES
- Same-store sales increased
3.7% year-over-year. In the previous month (September 2024), same-store sales had increased2.2% year-over-year. - Same-store sales decreased (0.5)% compared to the previous month (September 2024). Same-store sales in September 2024 had decreased (1.3)% compared to the previous month (August 2024).
- Same-store sales increased
- For the three months ended October 31, 2024, same-store sales increased
3.1% compared to the corresponding three months a year ago.
- UNITS SOLD
- The number of units sold increased
2.8% year-over-year. In the previous month (September 2024), the number of items sold had increased2.9% year-over-year. - Units sold decreased (0.5)% compared to the previous month (September 2024). Units sold in September 2024 had increased
0.2% compared to the previous month (August 2024).
- The number of units sold increased
- TRANSACTIONS PER STORE
- The average number of transactions per store increased
1.6% year-over-year. In the previous month (September 2024), transactions had increased0.8% year-over-year. - Transactions decreased (0.7)% compared to the previous month (September 2024). Transactions in September 2024 had also decreased (0.7)% compared to the previous month (August 2024).
- The average number of transactions per store increased
- AVERAGE PRICES
- A dollar-weighted average of prices for the top 500 items purchased increased
1.9% year-over-year, a decrease from the2.1% year-over-year increase recorded in September 2024.
- A dollar-weighted average of prices for the top 500 items purchased increased
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 NRS network had a strong October 2024 generating year-over-year same store sales growth of
“Beverage sales, both alcoholic and non-alcoholic, were exceptionally robust. October, due to Halloween parties and other seasonal celebrations, is typically a strong month for beverages, and the year-over-year growth was exceptional this October. Energy Beverages, which had suffered six consecutive months of year-over-year sales declines through September, broke trend to achieve modest year-over-year dollar sales gains.
“Sales of Candy, specifically Chocolate and Confections, continued to decrease across baskets, dollars, and units through the Halloween season versus the year ago. This is the second consecutive October we have reported year-over-year declines in unit sales for these categories.”
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 October 2024 with October 2023 are derived from approximately 198 million transactions processed through the approximately 19,700 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of October 2024 with September 2024 are derived from approximately 252 million transactions processed through approximately 27,700 stores.
Same-store data comparisons for the three months ended October 31, 2024 with the year-ago three months are derived from approximately 567 million scanned transactions processed through those stores that were in the NRS network in both quarters.
NRS POS Platform
The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers. These independent retailers operate in all 50 states as well as the District of Columbia, and in 201 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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