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."
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.
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.
Retrieved on:
Tuesday, February 28, 2023
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.
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%.
Retrieved on:
Thursday, February 16, 2023
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.
Retrieved on:
Wednesday, February 15, 2023
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."
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.
Retrieved on:
Thursday, February 9, 2023
Television,
Blu-ray,
NPD,
Electronics,
Parity,
DVD,
The NPD Group,
Internet,
Advertising,
Tablet,
Internet service provider,
Consumer electronics,
Video game PORT WASHINGTON, N.Y. , Feb. 9, 2023 /PRNewswire-PRWeb/ -- While availability of internet and speed of that service can vary widely from state to state, or even county to county, there are a number of technology devices that have reached parity levels among connected households in rural and urban U.S. markets. Those include, TVs, video game consoles, smartwatches, activity trackers, and tablets, according to The NPD Group. However, the latest Connected Intelligence Broadband America Consumer Report reveals wider gaps exist in ownership levels of devices that are more dependent on an internet connection to reach their full potential. Examples include 4K TVs, where a broadband connection is required for high-definition streaming, and smart home devices, where higher download speeds are needed for live video streams.
Key Points:
- However, the latest Connected Intelligence Broadband America Consumer Report reveals wider gaps exist in ownership levels of devices that are more dependent on an internet connection to reach their full potential.
- However, the latest Connected Intelligence Broadband America Consumer Report reveals wider gaps exist in ownership levels of devices that are more dependent on an internet connection to reach their full potential.
- Based on NPD's findings, this lack of internet access or lack of internet speed has the biggest impact on rural markets.
- As a result, in rural markets ownership of 4K TVs and home automation products have trailed ownership levels reported in urban areas.
Retrieved on:
Wednesday, February 8, 2023
PORT WASHINGTON, N.Y., Feb. 8, 2023 /PRNewswire-PRWeb/ -- According to The NPD Group, sales revenue growth continued in the U.S. B2B technology reseller channel in 2022, rising 10%, year over year, following 12% growth in 2021. As a comparison, consumer technology sales in the retail channel declined 8% in 2022, after 9% growth in 2021. While both hardware and software sales experienced strong gains, NPD's Reseller Tracking Service data, which tracks sales from the top national solution providers and B2B e-commerce sites, reveals software revenue growth doubled that of hardware, up 14% and 7%, respectively.
Key Points:
- PORT WASHINGTON, N.Y., Feb. 8, 2023 /PRNewswire-PRWeb/ -- According to The NPD Group, sales revenue growth continued in the U.S. B2B technology reseller channel in 2022, rising 10%, year over year, following 12% growth in 2021.
- As a comparison, consumer technology sales in the retail channel declined 8% in 2022 , after 9% growth in 2021.
- While both hardware and software sales experienced strong gains, NPD's Reseller Tracking Service data, which tracks sales from the top national solution providers and B2B e-commerce sites, reveals software revenue growth doubled that of hardware, up 14% and 7%, respectively.
- In 2022, hardware sales made up 63% of channel revenue, down from 65% the previous year, as software and cloud services gained share.
