Continued improvement in the average price per piece drives sales higher in August.
Retail sales in August broke back through $50K at $51,790 per location. The increase is due to a combination of factors including, higher transaction counts and higher average price per piece. Although the average customer transaction declined slightly from July’s high of $16.30, the $16.23 amount is still admirable.
Production increased over the previous month, although August’s number of 22,182 is still 14% below March’s high of 13,834 when sales also were at a 12-month high. Still, the average price per piece continued to improve, setting a record with $4.43.
The month-over-month increase in units processed coupled with the 12-month high in average price per piece led to higher sales. The sell-through rate of 53% hints at the opportunity to produce more items and drive sales higher.
Metrics from thrift operators located across the country are compiled and analyzed monthly to identify trends in the thrift industry. Data includes all ThriftTrac users with locations having at least 1,000 customer transactions (retail) and 1,000 units processed (production).
ThriftTrac is business software for the thrift industry that turns data into actionable intelligence, driving greater profitability for thrift operations.