ShopKeep POS Same Store Sales Index reveals Seattle small businesses retailers growing s fast as New York and Los Angeles combined
NEW YORK–August 13, 2013–(BUSINESS WIRE)–ShopKeep POS, the leader in iPad point of sale to brick and mortar merchants nationwide, today released the ShopKeep POS Same Store Sales Index (SSSI) for July, which saw nationwide sales jump by 21.5% over July 2012 and the number of transactions increase overall by 15%.
“I can easily see the busiest time of day and best sellers at each of our four stores, and plan our inventory based on that”
National sales figures for retail and food services released today by the U.S. Census Bureau revealed a 5.4% year-over-year increase during the same period.
The SSSI revealed Seattle-based merchants with strong sales growth at 41% over 2012, almost equalling that of New York and Los Angeles-based retailers combined, at 15% and 28% respectively. Seattle based transaction volume increased by almost 31%.
“We’re continuing to see our merchants achieve impressive growth, helped by understanding and acting on trends within their business,” said Founder and CEO of ShopKeep POS. “Seattle has always been a trailblazer in terms of innovation and entrepreneurship, so it’s encouraging to see small businesses there doing so well,” he said.
Destiny Sund and Paul Verano, owners of Seattle-based cheesecake chain The Confectional, have grown their business by anticipating and planning for best selling items in different locations. Destiny keeps track of live store sales from anywhere using a ShopKeep POS app on her smartphone.
“I can easily see the busiest time of day and best sellers at each of our four stores, and plan our inventory based on that,” said Destiny. “For example, the best seller in the Mall is four packs, but in Pike Place Market it’s singles. We can plan the type of product needed, the size of boxes, the size of bags, and so on, so that we’re always ready to make the most of the rush,” she said.
The ShopKeep POS SSSI top vertical markets further revealed:
- Quick Serve Restaurants increased July sales by 26% and transactions by 17%.
- Specialty Food Stores increased sales by 18% and transactions by 11%.
- Speciality Retail Stores increased sales by 18% and transactions by 24%.
About the ShopKeep POS Same Store Sales Index
The Index measures sales figures and transactions numbers year-over-year based on the ShopKeep POS nationwide customer base of almost 7,000 brick and mortar retailers. Retailers included in the Index have been ShopKeep POS customers for 12 months or more.