NRSInsights’ April 2024 Retail Same-Store Sales Report

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

NEWARK, N.J., May 07, 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 April 2024.

As of April 30, 2024, the NRS retail network comprised approximately 30,300 active terminals scanning purchases at independent retailers including bodegas, convenience stores, liquor stores, grocers, tobacco, and sundries sellers nationwide, predominantly serving urban consumers.

Elie Y. Katz, President of NRS, commented, “In just a few years, we have grown from a start-up to become the largest POS platform serving independent retailers and bodegas in the USA. Our network now comprises over 30,000 active terminals in over 26,000 stores – twice the number of locations as the largest U.S. c-store chain. One of the key factors driving our phenomenal growth has been the unique value our technology delivers to our retailer partners – enabling them to operate more profitably in highly competitive retail environments. We are delighted by the enthusiastic reviews we continue to receive from them.”

April Retail Same-Store Sales Highlights

(Same-store sales, unit sales, transactions, and average price data throughout this release refer to April 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 2.5% from a year earlier (April 2023). In the previous month (March 2024), average sales increased 7.2% compared to March 2023.
• Same-store sales decreased 0.9% compared to the previous month (March 2024). Same-store sales in March 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 ended April 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 to March 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 to March 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 Suzy Silliman (SVP, Data Strategy and Sales at NRS)