The NPD Group

Circana Announces Winners of 2023 B2B Channel Performance Awards

Retrieved on: 
Tuesday, August 22, 2023
Xchange, Heart, The Channel Company, The NPD Group, B2B, X-Change, IRI, NPD, Community, SVP, Marketing

CHICAGO, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Circana , formerly IRI and The NPD Group, has announced the winners of its sixth annual B2B Channel Performance Awards.

Key Points: 
  • CHICAGO, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Circana , formerly IRI and The NPD Group, has announced the winners of its sixth annual B2B Channel Performance Awards.
  • The awards celebrate 16 winners across 6 categories in the U.S. B2B technology hardware and software markets.
  • “The first half of 2023 brought an 8% decline in sales to the B2B technology reseller channel, but the outlook for year ahead is increasingly positive.
  • Congratulations to all of our 2023 winners!”
    “The Channel Company is proud to partner once again with Circana on the B2B Channel Performance Awards.

Circana Signs CEO Action Plan for Diversity and Inclusion Pledge

Retrieved on: 
Thursday, August 17, 2023
Workforce, Volunteering, Multicultural and diversity management, Advertising, The NPD Group, Workplace, CPG, University, Woman, Bacup, Research, IRI, Equity, Black, Student, NASA Early Career Achievement Medal, Coffee, Inclusion, DEI, Growth, Meridian International Center, DAP, Environment, VIBE, Management, Creative industries, Diversity

Chicago, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Kirk Perry, president and CEO of Circana , formerly IRI and The NPD Group, has signed the CEO Action for Diversity & Inclusion pledge, the largest CEO-driven business commitment to advance diversity, equity and inclusion in the workplace.

Key Points: 
  • Chicago, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Kirk Perry, president and CEO of Circana , formerly IRI and The NPD Group, has signed the CEO Action for Diversity & Inclusion pledge, the largest CEO-driven business commitment to advance diversity, equity and inclusion in the workplace.
  • “We believe that our diverse workforce, cultures, ideas and skills set us apart as a global market leader,” said Cecilia Ogude, global head, Diversity, Equity and Inclusion, Circana.
  • Circana provided data and insights into which of a retailer’s stores had customers with the highest propensity to purchase K-cups.
  • For more information about our commitment to diversity, equity and inclusion, visit https://www.circana.com/committed-to-a-diverse-and-dynamic-culture/ .

U.S. Retail Spending Increased 2% in July, But Consumer Purchasing is Down, Reports Circana

Retrieved on: 
Tuesday, August 15, 2023
Edible, The NPD Group, CPG, Growth, Food, IRI

Discretionary general merchandise spending declines continued with a 4% decline in dollar sales and 7% drop in unit sales compared to last July.

Key Points: 
  • Discretionary general merchandise spending declines continued with a 4% decline in dollar sales and 7% drop in unit sales compared to last July.
  • CPG spending remained elevated with 4% growth in food and beverage, and a 3% increase in non-edible revenue.
  • Overall, discretionary general merchandise spending declines continued into the first week of August with another 5% year-over-year decline in sales revenue, and 8% drop in unit sales.
  • The established shifts in consumer spending behavior are resulting in a delayed start to the back-to-school shopping season.

America Reveals What’s in Their Kitchens, Their Recipe Usage, and Cooking Skills

Retrieved on: 
Wednesday, July 26, 2023
The NPD Group, Adobo, Gold, Drink, Hand, IRI, Convenience food

Chicago, July 26, 2023 (GLOBE NEWSWIRE) -- Each kitchen in America reflects the lifestyle and tastes of the household it serves and shares similarities with other kitchens across the country.

Key Points: 
  • Chicago, July 26, 2023 (GLOBE NEWSWIRE) -- Each kitchen in America reflects the lifestyle and tastes of the household it serves and shares similarities with other kitchens across the country.
  • 54% of meal preparers own a voice-controlled home device; setting a timer and converting recipes are among the most popular kitchen-related device commands.
  • 34% of cake mix consumers describe their cooking skills as limited.
  • “Not to mention how fascinating it is to get a peek inside America’s kitchens.”

U.S. Retail Spending Increased 1% in June, While Discretionary Declines Establish a New Baseline, Reports Circana

Retrieved on: 
Tuesday, July 18, 2023
The NPD Group, CPG, Black Friday, IRI, Food, Movement, Retail

Contributing to these results were declines of 4% in dollar sales and 9% in unit sales of discretionary general merchandise compared to last June.

Key Points: 
  • Contributing to these results were declines of 4% in dollar sales and 9% in unit sales of discretionary general merchandise compared to last June.
  • Food and beverage CPG spending grew 5% over last year with a 2% unit-sales decline.
  • Non-edible CPG sales revenue grew 2%, while unit sales declined 5%, according to Circana , formerly IRI and The NPD Group.
  • Discretionary general merchandise spending declines continued into the first week of July with another 3% year-over-year decline in sales revenue, and 7% drop in unit sales.

After COVID-era SNAP Benefits Ended in March, Impacted Households Significantly Reduced Their Food and Discretionary Retail Spending, Reports Circana

Retrieved on: 
Wednesday, July 12, 2023
Supplemental Nutrition Assistance Program, COVID, The NPD Group, Restaurant, Food, Drink, SNAP, IRI, Bottled water, Fast food

CHICAGO, July 12, 2023 /PRNewswire-PRWeb/ -- The Supplemental Nutrition Assistance Program (SNAP), historically known as food stamps, has undergone recent changes, including the end of COVID relief benefits across the U.S. in March. The final elimination of extra SNAP benefits nationwide in March reduced food and beverage aid by $23B annually. As a result, in the initial months after the benefit cutbacks, SNAP households reduced their monthly food and beverage spending, on average, by about 35% of cut benefits. For example, if SNAP benefits were cut by $200, the reduced food and beverage spending would be about $70 less per month, according to Circana, formerly IRI and The NPD Group.

Key Points: 
  • In the initial months after the COVID-era SNAP benefit cutbacks, SNAP households reduced their monthly food and beverage spending, on average, by about 35% of cut benefits.
  • The final elimination of extra SNAP benefits nationwide in March reduced food and beverage aid by $23B annually.
  • As a result, in the initial months after the benefit cutbacks, SNAP households reduced their monthly food and beverage spending, on average, by about 35% of cut benefits.
  • The SNAP benefits cuts are still likely to impact food and beverage spending for these consumers in the months ahead."

After COVID-era SNAP Benefits Ended in March, Impacted Households Significantly Reduced Their Food and Discretionary Retail Spending, Reports Circana

Retrieved on: 
Tuesday, July 11, 2023
Supplemental Nutrition Assistance Program, COVID, The NPD Group, Restaurant, Food, Drink, SNAP, IRI, Fast food

The final elimination of extra SNAP benefits nationwide in March reduced food and beverage aid by $23B annually.

Key Points: 
  • The final elimination of extra SNAP benefits nationwide in March reduced food and beverage aid by $23B annually.
  • As a result, in the initial months after the benefit cutbacks, SNAP households reduced their monthly food and beverage spending, on average, by about 35% of cut benefits.
  • The savings from discretionary spending is now subsidizing SNAP households at and away-from-home food and beverage spending.
  • The SNAP benefits cuts are still likely to impact food and beverage spending for these consumers in the months ahead.”

From Laggard to Leader: Record Sales of Romance Books Reflect Next Generation of Contemporary Readers

Retrieved on: 
Monday, July 10, 2023
BookTok, The NPD Group, Growth, McLean, IRI, Book

Chicago, July 10, 2023 (GLOBE NEWSWIRE) -- Sales of romance print books increased 52% in the 12-months ending May 2023, according to Circana , formerly IRI and The NPD Group.

Key Points: 
  • Chicago, July 10, 2023 (GLOBE NEWSWIRE) -- Sales of romance print books increased 52% in the 12-months ending May 2023, according to Circana , formerly IRI and The NPD Group.
  • Much of this growth can be attributed to the contemporary interests of new, younger readers, with #BookTok and page-to-screen streaming TV projects leading the sources of discovery.
  • “It is hard to overstate how profoundly shifts in romance-reader demographics have drastically changed the romance books landscape since 2020,” McLean said.
  • With traditional and new romance authors sharing the top of the market, we fully except readers to continue to flock to this rejuvenated category this summer and beyond.”

Moose Toys' Award-Winning Magic Mixies Brand Expands with Magic Mixies Magic Lamp; Enters Doll Category with Magic Mixies Pixlings

Retrieved on: 
Monday, July 10, 2023
Deer, Moose Toys, The NPD Group, Magic, Mermaid, Pixl, Season, Unicorn, Motion, Water, LOS, Toy, Entertainment, Lamp, Amazon, Mixiomycetes

LOS ANGELES, July 10, 2023 /PRNewswire/ -- Moose Toys, a leading innovator in the toy industry, continues to expand the universe of its global sales phenom, Magic Mixies. The toy maker predicts Magic Mixies will top holiday wish lists for the third consecutive year, as it takes the "real magic" experience to the next level with two new products, including an entrance into a new category: dolls. First is Magic Mixies Magic Lamp with a wish-granting Genie Mixie, and next is the Magic Mixies Pixlings, a trio of dolls that kids magically create inside a potion bottle.

Key Points: 
  • First is Magic Mixies Magic Lamp with a wish-granting Genie Mixie, and next is the Magic Mixies Pixlings, a trio of dolls that kids magically create inside a potion bottle.
  • Magic Mixies Magic Lamp is a true "wish" list item including magical mist and a wish granting, talking Genie Mixie.
  • The Magic Mixies brand first launched in fall 2021 with the global holiday hit Magic Mixies Magic Cauldron, followed by the Magic Mixies Magical Crystal Ball in fall 2022, with both toys winning back-to-back Creative Toy of the Year awards from The Toy Foundation.
  • Magic Mixies Magic Lamp is available for presale on Amazon now, online at all major retailers in September, and in stores on October 1.

US B2B Technology Sales Forecast to Grow 3% in 2024, Reports Circana

Retrieved on: 
Monday, July 10, 2023
The NPD Group, Growth, ASP, Computer, Multimedia, IRI, Software, Video game, B2B

CHICAGO, July 10, 2023 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE:

Key Points: 
  • CHICAGO, July 10, 2023 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE:
    US B2B Technology Sales Forecast to Grow 3% in 2024, Reports Circana
    CHICAGO, July 10, 2023 – U.S. B2B technology sales performance is expected to stabilize in the second half of 2023 and return to growth in 2024 as economic conditions improve.
  • Late demand improvements in 2023 will not be enough to offset earlier contraction in IT spending and declines in average selling prices (ASP), resulting in a forecast annual sales revenue decline of 7%.
  • However, growth overall will likely see modest gains in the first quarter of 2024, accelerating throughout next year, resulting in 3% revenue growth, according to the latest Future of B2B Technology Forecast from Circana , formerly IRI and The NPD Group.
  • B2B technology industry growth in 2024 will be supported by a return to positive performance of desktop and notebook computer sales, as well as the continued adoption and sales growth of commercial software and cloud services.