The NPD Group

Although Inflation is Moderating, Food Costs Remain High, and Consumers Continue to Shift At- and Away-from-Home Eating and Spending Behaviors as a Result, Reports Circana

Retrieved on: 
Tuesday, March 21, 2023
Global recession, The NPD Group, CPG, Great Recession, Eating, Food, Summit, IRI, Fatigue, Foodservice

Even with inflation currently moderating, higher food prices will continue influencing consumers' spending and eating behaviors this year, reports Circana , formerly IRI and The NPD Group.

Key Points: 
  • Even with inflation currently moderating, higher food prices will continue influencing consumers' spending and eating behaviors this year, reports Circana , formerly IRI and The NPD Group.
  • Of the $2.9 trillion in consumer retail spending Circana tracks, food and foodservice spending represents the largest share, nearly $1.5 trillion.
  • Food inflation for the 12 months ending February 2023 was 10.2% at home and 8.4% away from home.
  • With higher food costs and a return to many pre-pandemic routines, consumers have shifted their eating and spending behaviors.

Circana Launches Audiences for Toys and Prestige Beauty

Retrieved on: 
Monday, March 20, 2023
The NPD Group, Advertising, NPD, ROI, IRI, Behavior

CHICAGO, March 20, 2023 (GLOBE NEWSWIRE) -- Circana , formerly IRI and The NPD Group, today announced the availability of Circana Audiences for two general merchandise industries: toys and prestige beauty.

Key Points: 
  • CHICAGO, March 20, 2023 (GLOBE NEWSWIRE) -- Circana , formerly IRI and The NPD Group, today announced the availability of Circana Audiences for two general merchandise industries: toys and prestige beauty.
  • Through Circana Audiences, marketers can access the most accurate purchase-based and predictive audiences to improve campaign effectiveness while delivering broad reach.
  • Circana Audiences are proven to deliver up to four times the return on investment (ROI) versus more traditional audiences.
  • “With audiences representing the purchase behaviors of all 126 million U.S households, Circana Audiences offer activation at scale across households based on their propensity to purchase.

$2.9 Trillion U.S. Consumer Retail Market is Set for Repositioning, Reports Circana

Retrieved on: 
Monday, March 20, 2023
Growth, Thought, The NPD Group, CPG, Holiday, Beauty, IRI, Retail

CHICAGO, March 20, 2023 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE:

Key Points: 
  • CHICAGO, March 20, 2023 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE:
    $2.9 Trillion U.S. Consumer Retail Market is Set for Repositioning, Reports Circana
    CHICAGO, March 20, 2023 – Consumer demand is declining across nearly every U.S. discretionary general merchandise and consumer packaged goods (CPG) industry, even as elevated prices recede from peak levels.
  • At the Growth Summit 2023 , presented by Circana , formerly IRI and The NPD Group, Don Unser and Marshal Cohen look below the surface of current retail performance in this $2.9 trillion market, exploring the possibilities for repositioning retail in the year ahead.
  • “Consumers have developed a different way of thinking about their purchases as their spending power deteriorated,” said Don Unser president of thought leadership at Circana .
  • It’s up to brands and retailers to be ready to welcome them.”
    There is an expanded competitive landscape for consumer spending.

B2B Office Supplies and Technology Sales See Gains as Employees Return to the Office, Reports Circana

Retrieved on: 
Thursday, March 16, 2023
The NPD Group, IRI, Accounting, Mouse, Growth, Office supplies, Engineering, Video game, B2B

CHICAGO, March 16, 2023 /PRNewswire-PRWeb/ -- According to Circana, formerly IRI and The NPD Group, business-to-business (B2B) sales revenue for both the office supplies and technology industries finished 2022 with growth of 8% and 10%, respectively. While each industry faced its own set of challenges throughout the pandemic as employees worked from home for an extended period, the return to offices has also created opportunities in each industry.

Key Points: 
  • According to Circana, formerly IRI and The NPD Group, business-to-business (B2B) sales revenue for both the office supplies and technology industries finished 2022 with growth at the return to offices has created opportunities in each industry.
  • CHICAGO, March 16, 2023 /PRNewswire-PRWeb/ -- According to Circana , formerly IRI and The NPD Group, business-to-business (B2B) sales revenue for both the office supplies and technology industries finished 2022 with growth of 8% and 10%, respectively.
  • Strong unit sales gains were realized by office staples, such as writing instruments, up 37%, office paper, up 32%, and office essentials, up 13%.
  • In this same vertical sector, unit sales of B2B technology products grew 15% (not including professional services and warranties) as employees returned to offices, in some capacity, in 2022.

Positive Results for the Auto Aftermarket Rooted in New Consumer Needs, Reports Circana

Retrieved on: 
Wednesday, March 15, 2023
The NPD Group, IRI, Shipley, Maintenance, Growth

CHICAGO, March 15, 2023 /PRNewswire-PRWeb/ -- The U.S. automotive aftermarket industry ended 2022 with sales revenue 7% higher than the previous year, despite a 7% decline in unit demand. Overall, average retail aftermarket prices were 13% higher than they were in 2021 and 32% higher than in 2019 , according to Circana, formerly IRI and The NPD Group.

Key Points: 
  • CHICAGO, March 15, 2023 /PRNewswire-PRWeb/ -- The U.S. automotive aftermarket industry ended 2022 with sales revenue 7% higher than the previous year, despite a 7% decline in unit demand.
  • Overall, average retail aftermarket prices were 13% higher than they were in 2021 and 32% higher than in 2019 , according to Circana , formerly IRI and The NPD Group.
  • "The aftermarket industry has been successful in meeting the evolving needs of a changing consumer base," said Nathan Shipley, automotive industry analyst for Circana .
  • Industry growth came from categories related to automotive maintenance and repair, the fluids necessary for regular use and replacement tires.

Consumers Showed Less Affection for Spending in February as Discretionary Retail Sales Fell 4%, Reports Circana

Retrieved on: 
Tuesday, March 14, 2023
Consumer, The NPD Group, Food, IRI, CPG, Retail

CHICAGO, March 14, 2023 (GLOBE NEWSWIRE) -- Discretionary U.S. general merchandise retail sales revenue fell 4% in February 2023, when compared to February 2022, and unit sales were down 5%.

Key Points: 
  • CHICAGO, March 14, 2023 (GLOBE NEWSWIRE) -- Discretionary U.S. general merchandise retail sales revenue fell 4% in February 2023, when compared to February 2022, and unit sales were down 5%.
  • Weekly declines have remained relatively consistent through the first two months of 2023, but the week leading up to Valentine’s Day exhibited the sharpest drop in sales so far, according to Circana , formerly IRI and The NPD Group.
  • “On the surface, consumer behavior has changed very little since last year, solidifying some of the overarching retail spending trends that emerged in 2022 as the new benchmark,” said Marshal Cohen, chief retail industry advisor for Circana .
  • However, the gap between sales-revenue and unit-sales performance is narrowing, particularly among general merchandise and non-edible consumer packaged goods (CPG).

Circana’s Diversity Advantage Program Welcomes a New Cohort

Retrieved on: 
Tuesday, March 14, 2023
Marketing, The NPD Group, Kroger, IRI, CPG, Volunteering, DAP, Beauty Bakerie, Diversity, Literacy, Growth, Tourism, Management

DAP’s second cohort of 13 participating businesses in the consumer packaged goods (CPG) industry joins 27 inaugural participants who have already achieved noteworthy business results in the program.

Key Points: 
  • DAP’s second cohort of 13 participating businesses in the consumer packaged goods (CPG) industry joins 27 inaugural participants who have already achieved noteworthy business results in the program.
  • They also can leverage Circana’s expertise to help drive sales growth and market share for their businesses.
  • “We’ve seen amazing outcomes for minority-led businesses participating in the program.
  • We’re thrilled to continue our involvement in a program that is making meaningful change in our industry.”
    New participants in this year’s DAP program include:
    Beauty Bakerie Cosmetics Brand Inc.

ThinkNow New Hires Expand LATAM Full-Service Research Capabilities

Retrieved on: 
Friday, March 10, 2023
Grupo Cisneros, Research, The NPD Group, Market research, Data science, The, Nielsen, Market, GfK, Shopee, ARIA, Entrepreneurship, Media, Panel, LATAM, Quality control, Principal

BURBANK, Calif., March 10, 2023 /PRNewswire/ -- ThinkNow , an award-winning full-service, cross-cultural research technology company, is pleased to announce the recent hiring of two exceptional professionals to join our team in Latin America – Martha Contreras, Market Research Manager – Custom Research and Alvaro Meza, Full-Service Account Executive – LATAM.

Key Points: 
  • BURBANK, Calif., March 10, 2023 /PRNewswire/ -- ThinkNow , an award-winning full-service, cross-cultural research technology company, is pleased to announce the recent hiring of two exceptional professionals to join our team in Latin America – Martha Contreras, Market Research Manager – Custom Research and Alvaro Meza, Full-Service Account Executive – LATAM.
  • Alvaro Meza is a Research and Operations Strategist with 25 years of experience across all facets of the Market and Media Research industry.
  • Later, he led GfK Custom Research Operations in Mexico, including creating the GfK online Panel and supporting operations across LATAM.
  • They join Zamir Lima, Senior Account Executive, Sample Sales LATAM, and a fully staffed data processing and programming team in servicing our LATAM clients from our Mexico office.

IRI and NPD Rebrand as Circana, the Leading Advisor on the Complexity of Consumer Behavior

Retrieved on: 
Tuesday, March 7, 2023
Consulting, Data Management, Supply Chain Management, Technology, Professional Services, Other Communications, Marketing, Communications, Retail, Data Analytics, Software, The NPD Group, IRI, Partnership, NPD, Landor, Full Circle (Dixie Dregs album), IRI (company), Consumer

Following their merger in August 2022, Information Resources, Inc. ("IRI") and The NPD Group ("NPD") today unveiled a new combined company name and brand identity: Circana.

Key Points: 
  • Following their merger in August 2022, Information Resources, Inc. ("IRI") and The NPD Group ("NPD") today unveiled a new combined company name and brand identity: Circana.
  • Circana™ is the leading advisor on the complexity of consumer behavior.
  • Through unparalleled technology, advanced analytics, cross-industry data and deep expertise, Circana provides clarity that helps clients take action and unlock business growth.
  • Tod Johnson, chairman of Circana’s board of directors, added, “The combination of IRI and NPD created a category of one.

TOY ASSOCIATION UNVEILS TOP TOY TRENDS OF 2023

Retrieved on: 
Wednesday, March 8, 2023
Child, Hobby, Learning, The NPD Group, Social media, Mechanics, Growth, Trilogy, Toy Association, Play date, Education, Indiana Jones, Social responsibility, XML Shareable Playlist Format, Partnership, Fandom, Mindfulness, Play Date (song), Marketing, Parent, Toy

NEW YORK, March 8, 2023 /PRNewswire/ -- This year's biggest trends in toys, play, and kids' entertainment strike a balance between turning back to classic play and leaning into new platforms, technologies, and consumer spending habits to drive innovation across the toy space. New data1 to support the "kidult" trend has also proven that play isn't just for kids, and this year, there are new demographics of consumers that toymakers will focus on for growth opportunities. These and other top 2023 toy trends were announced today by The Toy Association during The Play Date, its exclusive Q1 media event held in partnership with Adventure Media & Events in New York City. An in-depth version of the briefing, featuring more product examples and insights, is now available online.

Key Points: 
  • These and other top 2023 toy trends were announced today by The Toy Association during The Play Date , its exclusive Q1 media event held in partnership with Adventure Media & Events in New York City.
  • "If there is one key takeaway that ties all the latest toy and play trends together, it's that what consumers want matters more than ever," said Adrienne Appell, executive vice president of marketing communications at The Toy Association.
  • The insights they gathered are predicted to drive toy sales now through the 2023 holiday season.
  • To stay on top of the trends shaping the industry, save the date for Toy Fair 2023, taking place September 30 to October 3 in New York City, where 2023 holiday and new-for-2024 toys will be on display.