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ShopKeep POS June Same Store Sales up 19%

Mobile Food Vendors Increase Revenues by 46% in the Lead Up to Summer

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NEW YORK, July 17, 2013 /PRNewswire/ -- 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 June, which saw sales jump by 19.2% over June 2012 and the number of transactions increase overall by 11.9%.

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The figures follow June retail sales releases from the National Retail Federation (NRF) and U.S. Department of Commerce and U.S. Census Bureau. NRF figures indicate June retail sales increased 3.0% unadjusted year-over-year (excluding automobiles, gas stations and restaurants), while the U.S. Census Bureau found total retail and food services sales increased 5.7% adjusted year-over-year.

The ShopKeep POS SSSI top vertical markets revealed:

  • Speciality Retail Stores like gift shops or homewares stores saw a 26.5% increase in sales revenue and a 24% increase in transactions;
  • Quick Serve Restaurants like cafes and bakeries saw a 23% increase in sales revenue and a 12% increase in transactions; and
  • Specialty Food Stores like wine or premium food stores saw a 9.4% increase in sales revenue and a 7.6% increase in transactions.

"It's encouraging to see these figures, particularly as we saw small business optimism drop in June," said Jason Richelson, Founder and CEO of ShopKeep POS. "Retailers are hearing a lot of discussion in the media about weakened economic growth and adjustments in household spending, which appears to be impacting their outlook."

"The June numbers tell a more positive story of slow but steady recovery, with some ShopKeep brick and mortar sectors doing particularly well," continued Mr. Richelson. "We've seen significant growth in seasonal stores like juice bars and ice cream shops in the lead up to summer this year, with food trucks as the real stand-out, recording a 46% increase in same store sales over 2012."

"We're positive about the outlook for the second half of the year as same store sales for our merchants continue to increase above the national average," he said.

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 more than 12 months.

About ShopKeep POS
The simplest way to make smarter business decisions, ShopKeep POS is the affordable, complete platform for running a shop from an iPad with real-time reporting on the web or from your smartphone. Backed by award-winning customer care, the ShopKeep POS iPad App rings sales, accepts card transactions and mobile payments, prints and emails receipts, and can print orders remotely to the kitchen. At only $49/month merchants can manage inventory, employees, and customers and view ClearInsight® Reports from any web browser. ShopKeep POS was founded by a retailer, for retailers, and is the simple way to have a store up and running in minutes. Find out more at www.shopkeep.com

Inquiries:
Jessica Power
Director of Communications
ShopKeep POS
646.915.1902
jess@shopkeep.com

SOURCE ShopKeep POS



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