The NPD Group

The NPD Group Announces Its 10th Annual Home Industry Performance Awards Ahead of The Inspired Home Show

Retrieved on:

Friday, March 3, 2023

The NPD Group, International Housewares Association, IRI (company), NPD, Video game

CHICAGO, March 3, 2023 /PRNewswire-PRWeb/ -- The NPD Group* announced its tenth annual industry performance awards just ahead of The Inspired Home Show, hosted by the International Housewares Association in Chicago March 4-7. Awards were presented by NPD's Home practice to the small appliance and housewares (non-electrics) brands in the U.S., with the largest dollar share increase among key categories in 2022, compared to 2021, according to NPD's Retail Tracking Service. Awards were also presented to leaders in the primary industry segments tracked across North America, recognizing brands with the most significant dollar/peso share increase in Canada, Mexico, and the U.S.

Key Points:

The NPD Group* announced its tenth annual industry performance awards just ahead of The Inspired Home Show, hosted by the International Housewares Association in Chicago March 4-7.
CHICAGO, March 3, 2023 /PRNewswire-PRWeb/ -- The NPD Group* announced its tenth annual industry performance awards just ahead of The Inspired Home Show, hosted by the International Housewares Association in Chicago March 4-7.
"The housewares industry stepped up in better and new ways by evolving with changing consumer needs.
*The NPD Group recently merged with Information Resources, Inc. (IRI®) to create a leading global technology, analytics, and data provider.

US Office Supplies Sales Revenue Declined 2% in 2022, reports NPD

Retrieved on:

Tuesday, February 28, 2023

NPD, Growth, ASP, The NPD Group, Office supplies, ASPS, PORT, Video game

PORT WASHINGTON, N.Y., Feb. 28, 2023 /PRNewswire-PRWeb/ -- Following year over year sales revenue and unit sales gains in 2021, the U.S. office supplies industry faced increasing economic headwinds, including double-digit average sales price (ASP) increases across a number of categories. In 2022, U.S. office supplies industry sales (excluding janitorial and breakroom sales) fell 2% year over year but remained 12% ahead of 2019, according to The NPD Group. Unit sales were down 10% year over year and 12% when compared to 2019 sales.

Key Points:

PORT WASHINGTON, N.Y., Feb. 28, 2023 /PRNewswire-PRWeb/ -- Following year over year sales revenue and unit sales gains in 2021, the U.S. office supplies industry faced increasing economic headwinds, including double-digit average sales price (ASP) increases across a number of categories.
In 2022, U.S. office supplies industry sales (excluding janitorial and breakroom sales) fell 2% year over year but remained 12% ahead of 2019, according to The NPD Group .
Unit sales were down 10% year over year and 12% when compared to 2019 sales.
Sales revenue during the 2022 back-to-school season (July through September) remained flat, compared to 2021, while sales in 2021 were 13% higher than 2020.

SVOD Viewership Remained Flat in 2022 Despite Soaring Interest in Original Titles, According to The NPD Group

Retrieved on:

Tuesday, February 28, 2023

NPD, Amazon Prime Video, Netflix, Hulu, The NPD Group, Amazon, Handmaiden, Research, Boys, Boy, SVOD, Television, Video game

PORT WASHINGTON, N.Y., Feb. 27, 2023 /PRNewswire-PRWeb/ -- According to research from The NPD Group, viewership on streaming services was flat in 2022, even though viewer interest in original titles is soaring. Total streaming video on demand (SVOD) viewership among Netflix, Hulu, and Amazon Prime Video was up less than 1% compared to 2021. The total number of hours watched in 2022 totaled 116 billion, an increase of 0.6% compared to 115 billion hours in 2021. The number of services being used by SVOD viewers in the U.S. has also remained stable over the past six months. The average viewer currently uses 4.6 SVOD services, according to NPD.

Key Points:

Viewership on streaming services was flat in 2022, even though viewer interest in original titles is soaring.
Total streaming video on demand viewership among Netflix, Hulu, and Amazon Prime Video was up less than 1% compared to 2021
PORT WASHINGTON, N.Y., Feb. 27, 2023 /PRNewswire-PRWeb/ -- According to research from The NPD Group, viewership on streaming services was flat in 2022, even though viewer interest in original titles is soaring.
Total streaming video on demand (SVOD) viewership among Netflix, Hulu, and Amazon Prime Video was up less than 1% compared to 2021.
Viewership of original titles increased 26% in 2022 while viewership of licensed titles declined by 12%.

New IRI Report Reveals At-Home Food Spend Remains Strong, Despite 13% Increase in Inflation

Retrieved on:

Thursday, February 23, 2023

The report leverages IRI’s latest point-of-sale data, which reveals that at-home food and beverage inflation was up 13.2% in Q4 2022 versus Q4 2021.

Key Points:

The report leverages IRI’s latest point-of-sale data, which reveals that at-home food and beverage inflation was up 13.2% in Q4 2022 versus Q4 2021.
While consumption levels are continuing to soften, at-home food spend remains strong, with center store sales up 11.1% and perimeter sales up 6.3% in Q4 2022.
Multiple tactics are being used to reduce spend and manage budgets, with value channels performing well.”
Key insights from the Impact of Inflation on Consumer Behavior report include the following:
Price inflation across the store varies widely.
Center store inflation remains elevated at 15.3% in Q4 2022, while inflation is coming down in the perimeter departments (7.5% in Q4 2022).

IRI and Boston Consulting Group Announce 2022 U.S. CPG Growth Leaders

Retrieved on:

Thursday, February 16, 2023

IRI®, which recently merged with The NPD Group to create a leading global technology, analytics and data provider, and Boston Consulting Group (BCG), a leading global consulting firm, released their 11th annual Growth Leaders report today.

Key Points:

IRI®, which recently merged with The NPD Group to create a leading global technology, analytics and data provider, and Boston Consulting Group (BCG), a leading global consulting firm, released their 11th annual Growth Leaders report today.
CPG omnichannel sales grew 8.4% in 2022, over 2021's accelerated COVID-19-driven growth of 4.6%.
Growth in 2022 was driven by price/mix (10.0%) while continuing to ease back on COVID-19-era volume growth (-1.5%).
While the top three leaders drove meaningful volume growth in 2022, overall large CPG growth was driven by double-digit price and mix growth.

e.l.f. Cosmetics Gets Sticky With Jennifer Coolidge in Its First-Ever Commercial Debuting at the Big Game to Celebrate Its #1 Best-Selling Primer

Retrieved on:

Thursday, February 9, 2023

Cosmetics is dropping its first-ever television commercial on Sunday’s Big Game, February 12th, during the second quarter.

Key Points:

Cosmetics is dropping its first-ever television commercial on Sunday’s Big Game, February 12th, during the second quarter.
Power Grip Primer, the #1 Primer in the U.S.**, is the stickiest example of e.l.f.’s superpowers.
Power Grip Primer is teaming up with award-winning actress Jennifer Coolidge to star in e.l.f.’s first television spot.
In a series of sticky situations, Jennifer takes viewers through her first experience with Power Grip Primer – playing on the sticky, grippy power of Power Grip Primer.

Turtle Beach’s Critically Acclaimed VelocityOne Flight Universal Control System Becomes Gaming’s Best-Selling Flight Controller

Retrieved on:

Thursday, February 2, 2023

Leading gaming accessory maker Turtle Beach Corporation (Nasdaq: HEAR) today announced its award-winning Turtle Beach VelocityOne™ Flight Universal Control System was the gaming industry’s market share leader for flight controllers in 2022.

Key Points:

Leading gaming accessory maker Turtle Beach Corporation (Nasdaq: HEAR) today announced its award-winning Turtle Beach VelocityOne™ Flight Universal Control System was the gaming industry’s market share leader for flight controllers in 2022.
Additionally, in the UK, VelocityOne Flight was the best-selling joystick in 2022 by revenue, according to GfK Entertainment data2.
VelocityOne Flight, VelocityOne Rudder, VelocityOne Stand, and VelocityOne Flightstick are all currently available at www.turtlebeach.com and participating retailers worldwide.
VelocityOne Flight is available for $379.95 MSRP, Velocity One Rudder and VelocityOne Stand are available for $299.99 and $199.99 MSRP, respectively, and VelocityOne Flightstick is available for $129.99 MSRP.

US Footwear Industry Sales Expected to Stabilize through 2025, NPD Reports

Retrieved on:

Thursday, February 16, 2023

Growth, NPD, Social, Shoe, The NPD Group, Environment, Pressure, Retail

PORT WASHINGTON, N.Y., Feb. 16, 2023 /PRNewswire-PRWeb/ -- Following pandemic-fueled volatility since 2020, U.S. footwear industry sales are expected to stabilize over the next three years, according to The NPD Group. This "slow and steady" storyline will play out across the major footwear categories, as lines continue to blur across fashion, leisure, and performance.

Key Points:

The market will grow sales revenue at a steady pace of 1% through 2025, with unit sales beginning to improve in 2024
PORT WASHINGTON, N.Y., Feb. 16, 2023 /PRNewswire-PRWeb/ -- Following pandemic-fueled volatility since 2020, U.S. footwear industry sales are expected to stabilize over the next three years, according to The NPD Group .
This "slow and steady" storyline will play out across the major footwear categories, as lines continue to blur across fashion, leisure, and performance.
The latest Future of Footwear forecast reports that the industry will grow sales revenue at a steady pace of 1% through 2025, with unit sales beginning to improve in 2024, as the pressure from average price increases will ease.
"This will be a reset year for the footwear industry," said Beth Goldstein , footwear and accessories analyst at NPD.

January Retail Spending Down 3% Despite Rising Promotions, Reports NPD

Retrieved on:

Wednesday, February 15, 2023

NPD, CPG, Food, The NPD Group, PORT, IRI, IRI (company), Retail

PORT WASHINGTON, N.Y., Feb. 15, 2023 /PRNewswire-PRWeb/ -- Discretionary U.S. general merchandise retail sales revenue in January 2023 was 3% lower than it was in January 2022, and unit sales were down 5%. Overall, the general merchandise average selling price exhibited some leveling in January, increasing just 2% compared to 2022. However, higher prices on consumer packaged goods (CPG), particularly food and beverage, still dragged down the consumer's spending power, according to The NPD Group, which recently merged with Information Resources, Inc. (IRI).

Key Points:

Overall, the general merchandise average selling price exhibited some leveling in January, increasing just 2% compared to 2022.
However, higher prices on consumer packaged goods (CPG), particularly food and beverage, still dragged down the consumer's spending power, according to The NPD Group , which recently merged with Information Resources, Inc. (IRI).
"Rising prices have been a persistent component of the recent evolution of retail trends, and 2023 is starting off with more of the same," said Marshal Cohen , chief retail industry advisor for NPD.
"Without new product to inspire purchasing, and a more complete understanding of consumer spending patterns, general merchandise sales will continue to be negatively affected by the consumer's response to elevated prices."

The NPD Group Reports on 2022 Global Toy Industry Retail Sales

Retrieved on:

Friday, February 10, 2023

Universe, Girder and Panel building sets, Jurassic World, Hot Wheels, Marvel Universe, NPD, IRI (company), The NPD Group, Q4, The, Star Wars, Video game, Toy, G12

PORT WASHINGTON, N.Y., Feb. 10, 2023 /PRNewswire-PRWeb/ -- According to The NPD Group, a leading global information company which recently merged with Information Resources, Inc. (IRI®) to create a leading global technology, analytics and data provider, toy industry retail sales across the 12 global markets (G12)* tracked by NPD were flat (-0.5%) in 2022, but 22% higher when compared to pre-pandemic 2019.

Key Points:

Global toy industry retail sales were flat in 2022, but 22% higher when compared to pre-pandemic 2019
PORT WASHINGTON, N.Y., Feb. 10, 2023 /PRNewswire-PRWeb/ -- According to The NPD Group, a leading global information company which recently merged with Information Resources, Inc. (IRI®) to create a leading global technology, analytics and data provider, toy industry retail sales across the 12 global markets (G12)* tracked by NPD were flat (-0.5%) in 2022, but 22% higher when compared to pre-pandemic 2019.
In 2022, Brazil, Mexico, and Canada posted sales gains of 15%, 6%, and 1%, respectively, with sales across the remaining nine global markets ending the year flat to down.
In 2022, five of the 11 toys supercategories tracked by NPD in G12 countries saw sales increase vs. 2021.
"Far from viewing the year-end results as a counter-performance, we are pleased to see that global sales held their own in 2022, consistently strong and in line with the elevated level of sales reported in 2021," said Frédérique Tutt, global toys industry analyst at The NPD Group.