In this edition of the NRS Insights Podcast, sponsored by National Retail Solutions, John Lofstock spoke with Suzy Silliman, the Senior Vice President of Data Strategy and Sales for NRS and Brandon Thurber, Vice President of Data Sales and Client Success at NRS about the June 2024 retail sales numbers.
For June 2024, the NRSInsights Same Store Sales report found same-store sales increased a strong 5.1% from a year earlier (June 2023.) The number of units sold increased 5.5% from a year earlier (June 2023). In the previous month (May 2024), the number of items sold had increased 4.7% compared to May 2023. For the three months ended June 30, 2024, same-store sales increased 3.5%. According to Suzy and Brandon, growth was spread across geographic regions, with 37 of the 50 U.S. states increasing all three metrics: dollars, units sold and number of transactions. All but eight states enjoyed transaction growth. States in the Northeast were responsible for over 50% of the network transaction growth versus June 2023 while stores in Florida and Texas underperformed.
With much of the U.S. under a heat advisory during at least part of June this year, seasonal categories outperformed. Sun Care led with dollars, units sold, and baskets all tracking over 50% ahead of June 2023’s levels. Ice, condiments, pest control and deodorant also trended higher, the company said. In terms of its impact on sales dollar growth for the NRS network in aggregate, packaged beverages, including both alcoholic and non-alcoholic categories, was the key driver.
#smallbusiness #smallbusinessowner #podcast #retailinsights #retailersolutions #businesspodcast
