Same-store sales at NRS retailers during November increased 3.1% compared to
Compared to
As of
Retail Same-Store Sales Highlights
- Same-store sales in
November 2023 increased 3.1% from a year earlier (November 2022 ). Average sales per calendar day forNovember 2023 decreased 1.2% compared to the preceding month (October 2023). - Same-store sales in the preceding month (
October 2023 ) had increased 3.2% compared to the year-ago month (October 2022 ). Average sales per calendar day inOctober 2023 had decreased 2.1% compared to the preceding month (September 2023). - For the three months ended
November 30, 2023 , same-store sales increased 3.7% compared to the same three months in 2022. - The number of items sold during
November 2023 increased 4.7% compared toNovember 2022 but decreased 2.0% compared toOctober 2023 on a per calendar day basis. - The average number of transactions per store in
November 2023 increased 2.1% compared toNovember 2022 . The average number of transactions per calendar day inNovember 2023 decreased 3.9% compared toOctober 2023 . - A dollar-weighted average of prices for the top 500 items purchased in
November 2023 increased 3.9% year-over-year, an increase from the 1.6% year-over-year increase recorded inOctober 2023 .
Commentary from
“November same-store sales at retailers utilizing our POS platform increased 3.1% year-over-year but decreased 1.2% on a per-day basis compared to October. Until this month, inflationary pressures had moderated significantly. However, prices on the top 500 items sold increased 3.9% in
“Same-store sales for NRS retailers on Black Friday and Small Business Saturday 2023 increased by 3.9% compared to the same days in 2022. Nevertheless, sales on these two days decreased by approximately 13% from the average level of the other Fridays and Saturdays in November. It is counter-intuitive for sales to decrease on these two dedicated shopping days, but it fits with a consistent pattern we have observed over the years as some of our retailer’s regular customers go out of town for the
“The rates of NRS retailers’ three-month rolling year-over-year same-store sales growth have decreased steadily during the second half of this year, even as the comparable
Retail Trade Comparative Data
The table below provides historical comparative data with the
Over the past eleven 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 3.7 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 27,600 active POS terminals operating in approximately 24,000 independent retail stores. Its platform predominantly serves small-format, independent, retail stores including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers. The network includes retailers in all 50 states and in 197 of the 210 designated market areas (DMAs) in the
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
NRS Compared to US Commerce Retail
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