NRSInsights’ February 2024 Retail Same-Store Sales Report

February same-store sales per calendar day increased 3.5% year-over-year and 7.4% sequentially

Retailers in certain Western states recorded the largest year-over-year gains as winter storms triggered stockpiling

Average prices increased 1.2% year-over-year

NEWARK, N.J., March 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 February 2024.

As of February 29, 2024, the NRS retail network comprised approximately 29,100 active terminals scanning purchases at independent retailers including bodegas, convenience stores, liquor stores, grocers, tobacco, and sundries sellers nationwide, predominantly serving urban consumers.

February Retail Same-Store Sales Highlights

(Same-store sales, unit sales, transactions, and average price data refer to February 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 including the additional day for leap year in February 2024 compared to February 2023.)

• Same-store sales increased 3.5% from a year earlier (February 2023). In January 2024, average sales had increased 1.4% compared to January 2023.
• NRS retail stores in Arizona, Montana and Wyoming generated the highest rates of year-over-year increases.
• Same-store sales increased 7.4% compared to January 2024, consistent with the expected seasonal rebound from the post-holiday dip in January. Same-store sales in January 2024 had decreased 10.0% compared to December 2023.
• For the three months ended February 29, 2024, same-store sales increased 2.8% compared to the three months ended February 28, 2023.
• The number of items sold increased 4.4% compared to February 2023, the same rate of increase as for January 2024 compared to January 2023.
• The average number of transactions per store increased 2.0% compared to February 2023. For January 2024, the average number of transactions had decreased 0.6% compared to January 2023.
• A dollar-weighted average of prices for the top 500 items purchased increased 1.2% year-over-year, an increase from the 0.3% year-over-year increase recorded in January 2024, but still well below the 2023 peak level of 5.3% in September.