NPD has reported that Millennials are at the center of the niche segment of consumers embracing craft coffee brewing methods at home. Fueled by this trend, NPD is forecasting 9% growth in coffee consumption by 2024.
Our annual Top 100 Housewares Retailers report (September 12, 2016, issue) presents a vivid look at shifting market share in a demanding retail economy. It follows a flurry of second quarter retail sales reports that further underscore today’s judicious consumer shopping patterns.
Over the coming year, homeowner remodeling activity is projected to accelerate, keeping the rate of growth above its long-term trend, according to the Leading Indicator of Remodeling Activity (LIRA) recently released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
As the retailer builds several marketing and branding initiatives for the fall, Restoration Hardware (RH) reported a surge in net revenues in the second quarter, as well as net income that was above analyst estimates although below year over year comparisons.
The bankruptcy filing in late August by Hanjin Shipping has done little to negatively impact the amount of cargo entering the United States, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.