January same-store sales increased 4.7% year-over-year
NEWARK, N.J., Feb. 07, 2025 (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 retail same-store sales results for January 2025.
As of January 31, 2025, the NRS retail network comprised approximately 34,800 active terminals nationwide, scanning purchases at approximately 30,100 independent retailers including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers, predominantly serving urban consumers.
January Highlights
(Same-store sales, unit sales, transactions, and average price data refer to January 2025 and are compared to January 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.)
SALES
Same-store sales increased 4.7% year-over-year. In the previous month (December 2024), same-store sales had increased 1.7% year-over-year.
Same-store sales decreased (7.5)% compared to the previous month (December 2024). Same-store sales in December 2024 had increased 0.5% compared to the previous month (November 2024).
For the three months ended January 31, 2025, same-store sales increased 3.7% compared to the corresponding three months a year ago.
UNITS SOLD
Units sold increased 2.3% year-over-year. In the previous month (December 2024), the number of units sold had decreased (0.5)% year-over-year.
Units sold decreased (3.1)% compared to the previous month (December 2024). Units sold in December 2024 had decreased (1.1)% compared to the previous month (November 2024).
BASKETS (TRANSACTIONS) PER STORE
Baskets increased 1.1% year-over-year. In the previous month (December 2024), baskets had decreased (0.5)% year-over-year.
Baskets decreased (5.3)% compared to the previous month (December 2024). Baskets in December 2024 had decreased (3.4)% compared to the previous month (November 2024).
AVERAGE PRICES
A dollar-weighted average of prices for the top 500 items purchased increased 2.9% year-over-year, a higher rate of increase than the 2.4% year-over-year increase recorded in December 2024.
Retail Trade Comparative Data
The table below provides historical comparative data with the U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service:
Over the past twelve 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 1.1% percentage points, on average. However, in December, the Department’s three month rolling average increase exceeded the NRS network’s by 0.5%.
The NRSInsights data in the chart above have not been adjusted to reflect inflation, demographic distributions, seasonal buying patterns, item substitution, days per month, or other factors that may facilitate comparisons to other periods, to other same-store retail sales data, or to the U.S. Commerce Department’s retail data.
Commentary from Suzy Silliman (SVP, Data Strategy and Sales at NRS)
“Despite record-breaking cold temperatures and historic snowfalls in mid-January across much of the U.S., January 2025 saw robust dollar, unit and transaction same-store sales growth versus the year ago while decreasing sequentially, as expected, following the holiday season.
“Our analysis of January’s data revealed several unexpected developments across the NRS network, while other categories continued trends that carried over from 2024.
“January sales typically follow well-established patterns related to New Year's resolutions, wellness goals, and ‘dry January.’ So this January’s dollar sales growth in Tobacco Products & Accessories (cigarettes, cigars, smokeless tobacco, pipe tobacco, lighters and rolling papers), Alcohol (beer, FMB/cider/seltzer, vodka, still wine, tequila, prepared cocktails, wine-based cocktails, and cordials), and even Chocolate and Cookies was unusual.
“On the other hand, the Diet & Nutrition category outperformed, driven by growth in health/nutrition and meal replacement shakes, health/nutrition and meal replacement bars, protein salty snacks, and health/nutrition powder. While Diet & Nutrition sales had been trending up with the increased popularity of GLP-1 agonists for the treatment of diabetes and obesity, January’s year-over-year growth exceeded the prior months’ trendline.
“And finally, sales of Cold/Flu OTC products and GI Care surged year-over-year as flu, RSV, norovirus and other contagions surged nationwide, arriving a little later in the season than usual but not unexpectedly.”
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 January 2025 with January 2024 are derived from approximately 183 million transactions processed through the approximately 20,800 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of January 2025 with December 2024 are derived from approximately 239 million transactions processed through approximately 29,000 stores.
Same-store data comparisons for the three months ended January 31, 2025 with the year-ago three months are derived from approximately 546 million scanned transactions processed through those stores that were in the NRS network in both quarters.
NRS POS Platform
The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers. These independent retailers operate in all 50 states as well as the District of Columbia, and in 202 of the 210 designated market areas (DMAs) in the United States. During January 2025, NRS’ POS terminals processed $1.8 billion in sales (+20% year-over-year) across 119 million transactions (+15% year-over-year).
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 IDT Corporation (NYSE: IDT).
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 SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
NRSInsights Contact: Suzy Silliman SVP, Data Strategy and Sales at NRS National Retail Solutions suzy.silliman@nrsplus.com
