IRI

Auto Aftermarket Forecast Softening as Rising Prices Erode Demand, Reports NPD

Retrieved on: 
Wednesday, September 28, 2022

PORT WASHINGTON, N.Y., Sept. 28, 2022 /PRNewswire-PRWeb/ -- The 30% rise in U.S. automotive aftermarket average selling prices so far this year, compared to 2019, is not expected to sustain retail sales revenue in the industry, as it has up to this point. In fact, both high and low-income consumers are shifting spending away from DIY auto care. Without a boost to unit demand, industry sales revenue from retail front-room products like paint, spark plugs, tires, wipers, motor oil, and other key aftermarket categories will continue to soften into 2023, according to the latest "Future of Auto" forecast from The NPD Group, which recently merged with Information Resources, Inc. (IRI).

Key Points: 
  • In fact, both high and low-income consumers are shifting spending away from DIY auto care.
  • "The automotive aftermarket is in a tug of war between the headwinds and tailwinds swirling in the consumer's economic existence," said Nathan Shipley , automotive industry analyst for NPD.
  • Discretionary spending is being pulled in different directions as consumers reengage in more in-person activities and feel the squeeze of rising food and gas prices.
  • However, while the fundamentals remain strong, automotive aftermarket consumers are now feeling more pain from higher prices and other macro-economic factors," Shipley said.

The Canadian Beauty Industry Takes the Lead as the Country's Fastest Growing Industry in the First Half of 2022

Retrieved on: 
Saturday, September 24, 2022

TORONTO, Sept. 23, 2022 /PRNewswire-PRWeb/ -- According to The NPD Group, which recently merged with Information Resources, Inc. (IRI®), to create a leading global technology, analytics and data provider, the Canadian Beauty industry was Canada's fastest growing industry in the first half of 2022 with sales fully recovering back to 2019 levels. According to NPD, Beauty products sold within prestige beauty retail channels increased +32% or +$351M to $1.4B for January – June 2022 vs. LY. Unit sales increased +29% and the average selling price increased by 2% vs. last year.

Key Points: 
  • According to NPD, Beauty products sold within prestige beauty retail channels increased +32% or +$351M to $1.4B for January June 2022 vs. LY.
  • According to NPD, Beauty products sold within prestige beauty retail channels increased +32% or +$351M to $1.4B for January June 2022 vs. LY.
  • "Consumer lifestyle shifts continue to impact beauty spending behavior," said Alecsandra Hancas, Canadian Beauty Industry Analyst at The NPD Group.
  • Brick and mortar sales grew +52% for January June 2022 and accounted for 100% of total gains in the first half of 2022.

Gifts that Give Back, Eco-Friendly Shoe Andoze Answers the Call as More Consumers Seek Out Sustainable Products this Holiday Season

Retrieved on: 
Friday, September 23, 2022

NEW YORK, Sept. 23, 2022 /PRNewswire-PRWeb/ -- Andoze, a pro-environment, fashion-forward shoe brand, is gearing up for a busy holiday season. Andoze shoes are made from 98% plant-based materials including sugarcane, organic cotton, bamboo and farm straw. This fashionable footwear looks good and feels good and it's getting a lot of attention from consumers who care about sustainability.

Key Points: 
  • Study shows 93% of Consumers have either increased their purchases of sustainable products or maintained their sustainable purchase habits over the past year.
  • NEW YORK, Sept. 23, 2022 /PRNewswire-PRWeb/ -- Andoze , a pro-environment, fashion-forward shoe brand, is gearing up for a busy holiday season.
  • Andoze shoes are made from 98% plant-based materials including sugarcane, organic cotton, bamboo and farm straw.
  • This fashionable footwear looks good and feels good and it's getting a lot of attention from consumers who care about sustainability.

JAMIS Software Receives Return on Investment (ROI) Award from Nucleus Research

Retrieved on: 
Wednesday, September 21, 2022

SAN DIEGO, Sept. 21, 2022 /PRNewswire-PRWeb/ -- Since 2002, Nucleus Research's annual ROI Awards have recognized the top 10 organizations whose technology deployments have achieved exceptional, quantifiable business results. This year, Nucleus Research acknowledged JAMIS Software as of one of those top 10 organizations helping companies achieve tremendous returns on their software investments.

Key Points: 
  • Nucleus Research acknowledged JAMIS Software as of one the top 10 organizations helping companies achieve tremendous returns on their software investments.
  • This year, Nucleus Research acknowledged JAMIS Software as of one of those top 10 organizations helping companies achieve tremendous returns on their software investments.
  • Nucleus Research, a global provider of ROI-focused technology research and advisory services, recently evaluated International Republican Institute (IRI), who achieved an ROI over 700% on their JAMIS ERP solution.
  • For more information, download the report or watch the recorded webinar: https://jamis.com/nucleusresearch-casestudy-iri-webinar/
    For a complete list of Nucleus Research ROI Award winners: https://www.roiawards.com/
    About JAMIS Software : JAMIS Software Corporation is the only U.S.-based private ERP solution provider exclusively focused on government contractors.

Malli Vangala Joins IRI and NPD as Chief Strategy Officer

Retrieved on: 
Thursday, September 15, 2022

Information Resources, Inc. (IRI) and The NPD Group (NPD), which recently merged to create a leading global technology, analytics and data provider, today announced that Malli Vangala has joined the company as chief strategy officer.

Key Points: 
  • Information Resources, Inc. (IRI) and The NPD Group (NPD), which recently merged to create a leading global technology, analytics and data provider, today announced that Malli Vangala has joined the company as chief strategy officer.
  • We are very pleased to welcome Malli as we work to bring the full power of our combined organization to bear for our clients and partners, said Kirk Perry, president and chief executive officer for IRI and NPD.
  • I am thrilled to be joining IRI and NPD, said Vangala.
  • Prior to joining IRI and NPD, Vangala led the Microsoft 365 Strategy Team at Microsoft from 2016-2019.

19 Crimes Launches First Sparkling Wine with Snoop Dogg

Retrieved on: 
Thursday, September 15, 2022

Snoop Dogg unveils his newest wine with 19 Crimes, Snoop Cali Gold (SRP: $17.99), the franchise's first sparkling wine that coincides with the world's first rapping wine label!

Key Points: 
  • Snoop Dogg unveils his newest wine with 19 Crimes, Snoop Cali Gold (SRP: $17.99), the franchise's first sparkling wine that coincides with the world's first rapping wine label!
  • Entertainment Icon Snoop Dogg worked alongside 19 Crimes to create a Sparkling that encapsulates his distinctive West Coast style.
  • John Wardley, Global Vice President 19 Crimes Franchise shares his excitement, "We couldn't be more ecstatic for Snoop Cali Gold.
  • Snoop Cali Gold joins 19 Crimes' existing line of California wines and marks Snoop Dogg's third collaboration with the brand.

Gen Zs Favor Quick Service Restaurants, Particularly Fast Casual Restaurants --Fast casual menus are more aligned with Gen Z's food preferences and values

Retrieved on: 
Thursday, September 15, 2022

CHICAGO, Sept. 15, 2022 /PRNewswire-PRWeb/ -- Older Gen Zs, ages 18-24, in the U.S. are discerning when choosing restaurants. Although price matters to this group, their taste preferences and definition of value dictate the type of restaurants they visit, reports The NPD Group. As a result, Gen Zs skew towards quick service restaurants, particularly fast casual, that balance value and focused menu.

Key Points: 
  • As a result, Gen Zs skew towards quick service restaurants, particularly fast casual, that balance value and focused menu.
  • CHICAGO, Sept. 15, 2022 /PRNewswire-PRWeb/ -- Older Gen Zs, ages 18-24, in the U.S. are discerning when choosing restaurants.
  • As a result, Gen Zs skew towards quick service restaurants, particularly fast casual, that balance value and focused menu.
  • In the 12 months ending July 2022, Gen Zs made 5 billion restaurant visits, 4.3 billion visits were to quick service restaurants, and 736 million were to full service restaurants.

Families of Flight PS752 victims submit request for the International Criminal Court Prosecutor to examine Iran’s role in the shootdown of Ukraine Airlines International Flight 752

Retrieved on: 
Wednesday, September 14, 2022

The Association requested that the OTP include these crimes in its investigation of the situation in Ukraine.

Key Points: 
  • The Association requested that the OTP include these crimes in its investigation of the situation in Ukraine.
  • The request includes the evidence of victims directly impacted by the shootdown of flight PS752 and the actions of the Islamic Republic of Iran and the Islamic Revolutionary Guards Corps preceding and following the shootdown.
  • Javad Soleimani, Chair of the Associations Fact-Finding Committee, stated that: The Association of Families of Flight PS752 Victims believes that justice is not negotiable.
  • The families of the victims killed in the shootdown have been intimidated and harassed by Iranian authorities in the aftermath of the shootdown.

Second Half US B2B Technology Channel Sales Expected to Grow 3% Year Over Year

Retrieved on: 
Wednesday, September 14, 2022

PORT WASHINGTON, N.Y., Sept. 14, 2022 /PRNewswire-PRWeb/ -- According to The NPD Group, which recently merged with Information Resources, Inc. (IRI®), to create a leading global technology, analytics and data provider, the U.S. B2B technology reseller channel saw strong growth in the first half of 2022 with year over year revenue sales up 16%. While momentum is expected to slow down in the second half to 3% year over year, NPD is forecasting 2022 will end up 8% compared to 2021.

Key Points: 
  • While momentum is expected to slow down in the second half to 3% year over year, NPD is forecasting 2022 will end up 8% compared to 2021.
  • The first half saw year over year revenue growth in hardware (up 15%), software (up 17%), and cloud (up 37%).
  • IT hardware showed sustained demand with notebook revenue up 20%, desktops up 23%, and monitors up 63%.
  • In software, gateway and firewall lead growth with revenue growth of 32%, followed by security information and event management up 28%.

Sustainability and Consumer Research by IRI and NYU Stern CSB Showcases Trends and Opportunities for Consumer Products Growth

Retrieved on: 
Tuesday, September 13, 2022

Each year, our research with IRI shows increasing interest in sustainability-marketed CPG products, showing that sustainability has become a lasting priority for consumers.

Key Points: 
  • Each year, our research with IRI shows increasing interest in sustainability-marketed CPG products, showing that sustainability has become a lasting priority for consumers.
  • The NYU Stern Center for Sustainable Business (CSB) was founded on the principle that sustainable business is good business.
  • We provide education, conduct research, and influence industry practice by proving the financial value of sustainability for business management and performance.
  • Learn more at www.stern.nyu.edu/sustainability or follow us on LinkedIn @NYU Stern Center for Sustainable Business and Twitter @NYUSternCSB
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