The NPD Group’s Future of Home report predicts 15% year-over-year dollar growth for the home products sector during the fourth quarter as the COVID-19 pandemic, and the new habits it is prompting homebound shoppers to develop, continue to reorder the marketplace.
Consumers will look to splurge on their own needs and address the guilt of missing in-person celebrations this holiday season as they engage in their annual spending, according to The NPD Group annual holiday purchase intentions study.
According to the NPD Group, print unit sales for bread cookbooks in the U.S. grew 145% year over year, for the nine months ending September 2020, echoing the shift in cooking and eating habits that took place during the height of the COVID-19 pandemic.
The Future of Home report from The NPD Group looks ahead to 16% growth in small appliance sales and 13% growth in non-electric housewares for the 2020 holiday season, along with other ideas about how the end-of-year time frame will proceed.
First-half retail financials confirm sudden shifts in retailer market share during the pandemic. The results also confirm an unprecedented, yet necessary, pivot by the HomeWorld Business team in the development of its annual ranking of top housewares retailers.
Consumers in the U.S. are expanding purchasing beyond the essential needs of their families to incorporate more creature comforts into their extended stay-at-home living situations, according to weekly retail tracking data from The NPD Group.
The International Housewares Association has released a letter to the housewares industry from president Derek Miller, which looks at some encouraging housewares sales data during the current pandemic.
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.