An increase in the number of pieces produced paves the way for continued improvements in sales.
Retail sales in October were in line with the month before. An increase in customer transactions offset a slight decrease in the average transaction amount. The lower number of units processed from September contributed to the lower number of units sold in October too.
Conversely, an increase in pieces processed in October holds promise for increasing sales in November too. The average price per piece, which has been on the rise over the last several months, eased slightly from $4.51 in September to $4.47 in October. As more donations are expected as the holidays approach, continued opportunities exist to see more pieces processed.
October is a transition month, preceding the holiday season and colder weather. Increases in donations as well as customer transactions pose opportunities for the immediate future. Processing must follow to take advantage.
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.