In the spirit of resolutions, January 2024 witnessed a positive 1.4% increase in year-over-year same-store sales, signaling a promising retail trend, according to data from National Retail Solutions (NRS). However, beneath this surface lie intriguing nuances — notably, a 10% decline in sales compared to December 2023, accompanied by a 6.6% reduction in overall store…
Strong November for Independent, Small-Format Retailers
The U.S. Travel Association reported that Thanksgiving weekend travel almost returned to pre-pandemic levels, only 4% below 2019. Travel and the holiday shopping season usually means good news for the convenience store industry. As travel increases consumers will fill their gas tanks, but will they stop in to grab a candy bar and a soft…
Analyzing the Future of Hard Seltzer
There is quite a buzz around RTD Cocktails and its boom on the scene in 2021. Some analysts are studying social media conversations to predict the growth potential of the new segment. According to Barron’s, Instagram conversations about prepared cocktails is at about 40% of hard seltzer, but higher than the take off period. RTD…