U.S. dollar sales of small appliances grew nearly 8% over the week ending March 14, 2020, compared to the same period in 2019, The NPD Group reported.
The NPD Group’s Home division presented its seventh annual industry performance awards virtually during a webinar March 17.
According to The NPD Group, U.S. dollar sales of small appliances grew 4% in 2019, and sales of non-electric housewares increased 2% versus 2018, with the combined growth amounting to an additional $952 million in sales across the industry.
The NPD Group reported that holiday sales for key general merchandise categories it covers were up just 0.2% in 2019 versus 2018, according to weekly point-of-sales results, although critical housewares segments were strong.
Bed Bath & Beyond suffered a rough third quarter, with earnings dipping into the red, but in his first conference call as the company’s CEO, Mark Tritton provided his view of how the company would turn things around, including an expansion of in-store pickup and the launch of a new vendor collaboration program.
Black Friday remains a meaningful date even as retailers stretch out the promotion to as long as a week. About 17% of consumers responding to The NPD Group’s 2019 Holiday Purchase Intentions Survey said they plan to wait to start their holiday shopping on Black Friday itself.
Weeks before the Thanksgiving holiday and what traditionally was the start of the holiday shopping season, consumers have been out buying gifts. But for many, the annual trek to their favorite store or local mall has not yet begun.
The NPD Group’s home division presented its sixth annual industry performance awards during the International Home + Housewares Show, on Saturday, March 2.
As consumers hit the stores and e-commerce outlets during the upcoming holiday season, one in three shoppers is expected to purchase products for the home, according to The NPD Group’s 2018 Holiday Purchase Intentions survey.
The NPD Group’s home division on Saturday, March 10, presented its fifth annual industry performance awards during the International Home + Housewares Show.
The small home appliance segment was among the top performing product categories during the recent holiday season, according to The NPD Group.
The week before Thanksgiving brought slower sales growth for some product categories covered by The NPD Group, and steeper declines for others, resulting in a slight overall decrease in the third week of November versus the week in 2016, according to the market research firm.
HomeWorld Business is launching an exclusive monthly video series featuring housewares analytics and insights by The NPD Group’s Joe Derochowski, executive director and home industry analyst.