NRSInsights’ December 2023 Retail Same-Store Sales Report

Same-store sales at NRS retailers during December increased 5.5% compared to December 2022

Compared to November 2023, same-store-sales per calendar day increased 5.3%

NEWARK, N.J., Jan. 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 December 2023 and the three months then ended.

As of December 31, 2023, the NRS retail network comprised approximately 28,300 active terminals scanning purchases at independent retailers including bodegas, convenience stores, liquor stores, grocers, and tobacco and sundries sellers nationwide, predominantly serving urban consumers.

December Retail Same-Store Sales Highlights
(Same-store sales, unit sales and transaction data refer to December 2023 unless otherwise noted)

• Same-store sales increased 5.5% from a year earlier (December 2022). Average sales per calendar day increased 5.3% compared to the preceding month (November 2023).
• Same-store sales in the preceding month (November 2023) had increased 3.1% compared to the year-ago month (November 2022). Average sales per calendar day in November 2023 had decreased 1.2% compared to the preceding month (October 2023).
• For the three months ended December 31, 2023, same-store sales increased 3.4% compared to the same three months in 2022.
• The number of items sold increased 7.4% compared to a year earlier (December 2022) and increased 3.7% compared to November 2023 on a per calendar day basis.
• The average number of transactions per store increased 5.1% compared to December 2022. The average number of transactions per calendar day increased 0.3% compared to November 2023.
• A dollar-weighted average of prices for the top 500 items purchased in December 2023 increased 1.2% year-over-year, a decrease from the 3.9% year-over-year increase recorded in November 2023.

Commentary from Suzy Silliman (SVP, Data Strategy and Sales at NRS)

“Our data indicates that NRS retailers enjoyed a busy holiday season with outsized gains in same-store sales and continued moderation in the rate of inflation on the most popular items. Same-store sales at retailers utilizing our POS platform increased 5.5% in December compared to December 2022, and posted a strong 5.3% increase on a per-day basis compared to November, while the average price of the top 500 items increased just 1.2% compared to December 2022.”