A new record was crossed for the average customer transaction in May. The amount of $15.96 continues the assent of this particular metric. Four of the first five months of 2017 have recorded a new milestone.
Retail sales increased over April. Average sales by location were back above $50,000. The increase was largely due to the growth in the average customer transaction of $15.96.
Production also bounced back from April’s results. The number of units produced increased by more than 3% to 23,660. The additional production resulted in a greater than 4% increase in units sold. Moreover, the average price per piece remained above $4.00 and increased slightly to $4.10.
May proved to be the bounce-back month. The average increase in sales of $2,500 was due to the combination of two factors. Increased production at a higher price per piece made for a powerful one-two punch. In addition, the higher sell-through rate further helped juice these numbers.
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.