The NPD Group

Consumer foodservice spend returns to pre-COVID levels across Europe - but customer visits have yet to recover fully

Retrieved on: 
Wednesday, July 5, 2023
Infection, Human, Restaurant, QSR, Snack, Drink, Senior, The NPD Group, CREST, Workplace, COVID-19, Consumer, Eating, IRI, Click & Collect, Risk, FSR, Growth, Food delivery, Tourism, Online shopping

BRACKNELL, United Kingdom, July 5, 2023 /PRNewswire-PRWeb/ -- Circana, the leading advisor on consumer complexity that formerly traded as IRI and The NPD Group, today launched its latest results from its CREST service analysis, revealing continued recovery for the European foodservice sector as consumers across five markets return to bars, restaurants and other foodservice establishments. Total spend for the sector is now back to pre-pandemic levels (€308 billion in 12 months ending May 2023).

Key Points: 
  • Total spend for the sector is now back to pre-pandemic levels (€308 billion in 12 months ending May 2023).
  • Spain is the first country to show spend growth to pre-pandemic levels (8%) for the year ending May 2023 compared with 2019.
  • Germany lags slightly, down 2%, whilst France, with restrictions still in place in early 2023, is down 6%.
  • For the first time since COVID-19 hit, consumer spend in quick service restaurants (QSR) rose above pre-COVID-19 levels in June 2022 to 8% at the end of May 2023.

Hot & Spicy FIRE WOK Recognized on Circana's 2022 New Product Pacesetters™ Report

Retrieved on: 
Wednesday, June 28, 2023
DNA, Food, FIRE, The NPD Group, Cup, CPG, IRI, Nissin Foods, Momofuku Ando, Growth, Pacesetters, Cup Noodles, Annual report, Sesame, Convenience food

GARDENA, Calif., June 28, 2023 /PRNewswire/ -- Nissin Foods USA, the creator of instant ramen and iconic brands Cup Noodles and Top Ramen, today announced that Hot & Spicy FIRE WOK has been recognized on Circana's 2022 New Product Pacesetters Report. The 28th annual report published by Circana, formerly IRI and The NPD Group, identifies the top product launches across the food, beverage and non-food industries.

Key Points: 
  • GARDENA, Calif., June 28, 2023 /PRNewswire/ -- Nissin Foods USA , the creator of instant ramen and iconic brands Cup Noodles and Top Ramen, today announced that Hot & Spicy FIRE WOK has been recognized on Circana's 2022 New Product Pacesetters Report.
  • Nissin Foods' inclusion in the 2022 New Product Pacesetters is a testament to the company's ability to meet consumer demands and deliver products that satisfy their food cravings.
  • Hot & Spicy FIRE WOK ranked #47 under the top new food and beverage brands and #67 under the top total CPG brands.
  • Unveiled in 2021, Hot & Spicy FIRE WOK took its already flavorful Hot & Spicy noodles and cranked up the heat to create the brand's spiciest, most flavorful meal with a tasty, six chili pepper spice level.

WorldQuant Predictive Enhances Its AI Platform with Circana's CPG Purchase Data

Retrieved on: 
Wednesday, June 28, 2023
Partnership, The NPD Group, CPG, POS, Consumer, WorldQuant, Intelligence, IRI, Marketing, Sale, Forecasting, Growth, AI, Retail

NEW YORK, June 28, 2023 /PRNewswire-PRWeb/ -- WorldQuant Predictive, an innovator in artificial intelligence-powered predictive solutions, announced today that Circana, formerly IRI and The NPD Group, is providing consumer packaged goods' point-of-sale data to enrich WorldQuant Predictive's hosted AI platform, Quanto, which empowers business users to predict outcomes, simulate scenarios and optimize for desired results.

Key Points: 
  • Quanto for CPG offers AI assistance for CPG decision-makers and empowers business users to predict outcomes, simulate scenarios and optimize for desired results.
  • WorldQuant Predictive's proprietary system for high-speed creation of production-grade predictive solutions relies on differentiated data from public, commercial and non-traditional sources.
  • Circana's POS data is being utilized alongside other public and proprietary data sources to train advanced AI models to generate accurate predictions for CPG markets .
  • Because purchase data remains the cornerstone of any marketplace view, Circana's POS data provides essential insights to help drive growth.

Circana Launches AlwaysOn Analytics, Empowering CPG Businesses With Real-Time Insights for Immediate Decision Making

Retrieved on: 
Tuesday, June 27, 2023
Spend, Marentes, LeTourneau Empowering Global Solutions, The NPD Group, Marketing, IRI, Organization, Investment, Algorithm, Retail

AlwaysOn Analytics is now available through Circana’s Unify+ software, providing clients with seamless, broadly available access to sophisticated analytics for real-time decision making.

Key Points: 
  • AlwaysOn Analytics is now available through Circana’s Unify+ software, providing clients with seamless, broadly available access to sophisticated analytics for real-time decision making.
  • “In today’s hypercompetitive business environment, the cost of waiting weeks or months for insights is simply too high,” said Amy Marentic, president, Global Solutions, Circana.
  • Price Sensitivities equips businesses with real-time data and scalable insights to make pricing and promotion decisions, enabling them to take accurate and timely actions in response to evolving market conditions.
  • Price Opportunity enables businesses to gain a competitive edge by leveraging sensitivities to identify revenue growth opportunities, optimizing pricing strategies, and maximizing profitability.

Double-Digit Sales Growth From Larger Tires is Easing Market Challenges, Reports Circana

Retrieved on: 
Monday, June 26, 2023
The NPD Group, Saint Louis, DMA's, Maintenance, Growth, Shipley, IRI, Behavior, Rolling (metalworking), Cassette tape

CHICAGO, June 26, 2023 /PRNewswire-PRWeb/ -- Replacement tires with a rim diameter of under 18 inches account for the majority of retail sales in the U.S., but larger rim-diameter tires are delivering growth in the challenged market. Unit sales of replacement passenger-car and light-truck tires with rim diameters of 18 inches or larger grew 10% in February 2023, year over year, according to Circana, formerly IRI and The NPD Group.

Key Points: 
  • Replacement tires with a rim diameter of under 18 inches account for the majority of retail sales in the U.S., but larger rim-diameter tires are delivering growth in the challenged market.
  • Unit sales of replacement passenger-car and light-truck tires with rim diameters of 18 inches or larger grew 10% in February 2023, year over year, according to Circana, formerly IRI and The NPD Group.
  • CHICAGO, June 26, 2023 /PRNewswire-PRWeb/ -- Replacement tires with a rim diameter of under 18 inches account for the majority of retail sales in the U.S., but larger rim-diameter tires are delivering growth in the challenged market.
  • Unit sales of replacement passenger-car and light-truck tires with rim diameters of 18 inches or larger grew 10% in February 2023, year over year, according to Circana , formerly IRI and The NPD Group.

Sales of Video Game Themed Toys Outpacing the Overall Market in Canada, Reports Circana

Retrieved on: 
Thursday, June 22, 2023
The NPD Group, Growth, Minecraft, Super Mario, IRI, Roblox, Hedgehog, Toy, Video game

Toronto, ON, June 22, 2023 (GLOBE NEWSWIRE) -- According to Circana , formerly The NPD Group and IRI, sales of toys based on video game properties are outpacing the overall toy industry in Canada.

Key Points: 
  • Toronto, ON, June 22, 2023 (GLOBE NEWSWIRE) -- According to Circana , formerly The NPD Group and IRI, sales of toys based on video game properties are outpacing the overall toy industry in Canada.
  • From January through May 2023, video game themed toys have increased by 18%, while the overall toy industry has declined by 6%.
  • When compared to 2019, video game themed toys sales have grown nearly threefold (180%) compared to the total toy industry, which grew 31% during the period.
  • “Video games content is something the broader entertainment industry has continued to leverage over the last few years,” said Jeff Bowes, Canadian toy industry analyst at Circana .

Quick Service Restaurant Traffic Gain Helped to Keep U.S. Restaurant Industry Stable in May

Retrieved on: 
Thursday, June 22, 2023
Breakfast, QSR, The NPD Group, Growth, IRI, FSR, Republika Srpska official football team, Lunch, Fast food

CHICAGO, June 22, 2023 /PRNewswire-PRWeb/ -- Quick service restaurants (QSRs) have historically represented the majority share of U.S. restaurant industry traffic, which means as quick service goes, so goes the industry. A 1% increase in quick service restaurant visits in May, representing 82% of all industry traffic, offset full service restaurant traffic declines, keeping the entire restaurant industry stable in the month compared to a year ago, reports Circana, formerly IRI and The NPD Group. Broadline foodservice case unit and dollar shipments to QSRs were up 1%, and total restaurant cases and dollars were up 1% in May compared to a year ago.

Key Points: 
  • Quick service restaurants (QSRs) have historically represented the majority share of U.S. restaurant industry traffic, which means as quick service goes, so goes the industry.
  • A 1% increase in quick service restaurant visits in May, representing 82% of all industry traffic, offset full service restaurant traffic declines, keeping the entire restaurant industry stable in the month compared to a year ago, reports Circana, formerly IRI and The NPD Group.
  • CHICAGO, June 22, 2023 /PRNewswire-PRWeb/ -- Quick service restaurants (QSRs) have historically represented the majority share of U.S. restaurant industry traffic, which means as quick service goes, so goes the industry.
  • A 1% increase in quick service restaurant visits in May, representing 82% of all industry traffic, offset full service restaurant traffic declines, keeping the entire restaurant industry stable in the month compared to a year ago, reports Circana, formerly IRI and The NPD Group.

Quick Service Restaurant Traffic Gain Helped to Keep U.S. Restaurant Industry Stable in May

Retrieved on: 
Wednesday, June 21, 2023
Breakfast, The NPD Group, Growth, QSR, IRI, FSR, Republika Srpska official football team, Lunch, Fast food

Chicago, June 21, 2023 (GLOBE NEWSWIRE) -- Quick service restaurants (QSRs) have historically represented the majority share of U.S. restaurant industry traffic, which means as quick service goes, so goes the industry.

Key Points: 
  • Chicago, June 21, 2023 (GLOBE NEWSWIRE) -- Quick service restaurants (QSRs) have historically represented the majority share of U.S. restaurant industry traffic, which means as quick service goes, so goes the industry.
  • A 1% increase in quick service restaurant visits in May, representing 82% of all industry traffic, offset full service restaurant traffic declines, keeping the entire restaurant industry stable in the month compared to a year ago, reports Circana, formerly IRI and The NPD Group.
  • Both traditional QSRs, like specialty, sandwich, and snack quick service restaurants, and fast casual restaurants contributed to May’s traffic growth.
  • Visits to traditional QSRs grew by 1% and fast casual restaurant traffic by 4% compared to a year ago.

Sustainability is Trending Upward and Delivering Growth Across Retail, Reports Circana

Retrieved on: 
Tuesday, June 20, 2023
The NPD Group, CPG, Milk, DNA, Growth, Sustainable business, Sustainability, Drink, Research, IRI, Retail

CHICAGO, June 20, 2023 (GLOBE NEWSWIRE) -- Spending on sustainability is trending upward across several areas of discretionary general merchandise and consumer packaged goods (CPG).

Key Points: 
  • CHICAGO, June 20, 2023 (GLOBE NEWSWIRE) -- Spending on sustainability is trending upward across several areas of discretionary general merchandise and consumer packaged goods (CPG).
  • “Products that impact our energy use, reduce waste, and use recycled materials or natural ingredients are all getting attention from consumers and presenting pockets of retail growth,” said Marshal Cohen, chief retail industry advisor for Circana .
  • Unit sales of footwear made with recycled materials have grown more than six-fold over the past three years while sales of non-recycled options declined.
  • Bringing sustainability to the forefront continues to be a wise marketing tool and, for some brands, the main tool when it is built into the DNA of the product.”

Circana Partners with Snowflake and LiveRamp to Support Seamless and Private Data Collaboration for Advertisers

Retrieved on: 
Friday, June 16, 2023
Cloud, Lead, Partnership, The NPD Group, Marketing, Electronics, CPG, LiveRamp, IRI, Advertising, Snowflake, Entertainment, Tag cloud, SVP, Environment, Video game

A new partnership with Snowflake , the Data Cloud company, means marketers can now leverage Circana’s purchase data in clean rooms that utilize Snowflake’s Data Clean Room Framework.

Key Points: 
  • A new partnership with Snowflake , the Data Cloud company, means marketers can now leverage Circana’s purchase data in clean rooms that utilize Snowflake’s Data Clean Room Framework.
  • Marketers are able to enrich their own first-party audiences with Circana’s purchase-based data in a privacy-preserving and safe environment.
  • An expanded partnership with LiveRamp , the leading data collaboration platform allows mutual clients to collaborate on RampIDs with Circana purchase data in the Snowflake Data Cloud.
  • “Our partnership with Circana and LiveRamp ensures our customers can take full advantage of Circana’s data assets without data ever leaving their Snowflake environment,” said Bill Stratton, Global Industry GTM Lead, Media, Entertainment and Advertising, Snowflake.