NRSInsights’ January 2024 Retail Same-Store Sales Report

Same-store sales at NRS retailers during January increased 1.4% compared to January 2023

Compared to December 2023, same-store-sales per calendar day in January decreased 10.0% - reflecting, in part, the seasonal impact of robust holiday sales in December

The average prices for the most popular items sold in January increased 0.3% year-over-year

NEWARK, N.J., Feb. 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 January 2024.

As of January 31, 2024, the NRS retail network comprised approximately 28,700 active terminals scanning purchases at independent retailers including bodegas, convenience stores, liquor stores, grocers, and tobacco and sundries sellers nationwide, predominantly serving urban consumers.

January Retail Same-Store Sales Highlights

(Same-store sales, unit sales and transaction data refer to January 2024 unless otherwise noted)

• Same-store sales increased 1.4% from a year earlier (January 2023). Average sales per calendar day decreased 10.0% compared to the preceding month, partly reflecting the seasonal impact of comparison to December’s holiday sales. In January 2023, average sales per calendar day decreased 6.0% compared to December 2022.
• Same-store sales in the preceding month (December 2023) had increased 5.5% compared to the year-ago month (December 2022). Average sales per calendar day in December 2023 had increased 5.3% compared to the preceding month (November 2023).
• For the three months ended January 31, 2024, same-store sales increased 2.9% compared to the three months ended January 31, 2023.
• The number of items sold increased 4.4% compared to a year earlier (January 2023). Items sold decreased 5.1% compared to December 2023 on a per calendar day basis reflecting, in part, the impact of December’s holiday sales.
• The average number of transactions per store decreased 0.6% compared to January 2023. The average number of transactions per calendar day decreased 6.6% compared to December 2023 again reflecting, in part, the impact of seasonality.
• A dollar-weighted average of prices for the top 500 items purchased in January 2024 increased 0.3% year-over-year, a decrease from the 1.2% year-over-year increase recorded in December 2023.

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