While retail brick-and-mortar sales are struggling, resale is booming. Value-conscious Millennials have helped drive secondhand sales to become a booming multibillion-dollar industry, according to some estimates. “Now resale clothing is even bigger and better,” said Marshal Cohen, the chief industry analyst for retail with The NPD Group. “It’s amazing how many products you can buy that have the expression 'new with tags' that basically means you’re buying used clothing that has never been worn."
September 11, 2017
Karyn Schoenbart is chief executive of The NPD Group, a global leader in consumer research and one of those quiet corporate jewels that a lot of Long Islanders don’t know about. Her new book, Mom.B.A. Essential Business Advice from One Generation to the Next, came out in August. Contributing editor Warren Strugatch tracked her down in Port Washington to ask about leadership, climbing the corporate ladder and goal setting.
August 14, 2017
In this article written by Andy Mantis, EVP of The NPD Group’s Checkout Tracking, Andy explores how retailers with a more specialized offering than those of Amazon or Walmart can win back-to-school spend by understanding how and where customers are shopping. Through analysis of our Checkout Tracking receipt-based data, we’ve seen that back-to-school customers are compartmentalizing their spend, shopping for different things at different retailers, and looking for the best deals.
July 26, 2017
The Accessories Council “ACE” Awards (Accessories Council Excellence) were established 21 years ago to celebrate the designers, brands, influencers and leaders who have helped to define our industry. In this article, Accessories Council President Karen Giberson provides insight on the 2017 winners who will be honored at the August 7 award event in New York City. Included on this list is The NPD Group, winning the Business Leadership category. “A trusted worldwide force, the NPD team works tirelessly to stay on top of trends and statistics at retail. Their dedication to the fashion accessories industry has grown greatly over the years with new categories being added. This savvy fashion team is generous with their time, charitable, and most importantly a nice group to work with!”
July 12, 2017
For the third consecutive year, the CEO Connection® has named Karyn Schoenbart, NPD's chief executive officer, one of the Top 25 Most Influential Women of the Mid-Market, a distinction that honors women who have the power to influence change, innovation, and standards of excellence in Mid-Market companies.
July 10, 2017
J.C. Penney is unveiling a new loyalty program that lets Sephora customers double-dip on rewards and allows earned points to roll over from month to month. When a retailer's customers are divided into trenches, 80 percent of the customers who bought the most with them had a loyalty card, said The NPD Group's Andy Mantis, executive vice president of NPD’s Checkout Tracking, a service that analyzes receipts across retailers.
July 3, 2017
As downsizing, store closures and bankruptcies continue to sweep through the retail world in 2017, it’s worth taking a step back and looking for insights. A few questions need to be asked when a retail business goes under: Why did it fail? How did that failure manifest? What might be learned? And, interesting as the “why” answers may be, the “how” answers provide the most insight for retailers looking to avoid becoming the next casualty of this current retail apocalypse.
June 29, 2017
The popular on-demand meal delivery service Blue Apron goes public on the New York Stock Exchange Thursday, valued at more than $3 billion. Our own Darren Seifer discussed exactly what makes Blue Apron so special. "They have taken away the stress of figuring out what to make at dinner time, while still getting something that's fresh, and something that consumers can customize to their own specific tastes." Find out how the company is turning the tables on how millions of families have dinner.
June 29, 2017
Since the start of the Recession, consumers have dialed back sharply on “reach” purchasing — gone are the days when aspirational shoppers earning a $40,000 annual salary are buying a $2,400 Chanel handbag, most likely charging it. Written by NPD's Chief Industry Analyst Marshal Cohen.
June 22, 2017
While clothing stores struggle, U.S. activewear sales have increased. In 2016, they rose 11 percent over the previous year to nearly $46 billion, according to The NPD Group, a consumer tracking service, and are up from $36.9 billion in 2014.
June 19, 2017
With its $310 million cash takeover of men’s apparel basics company Bonobos, Walmart, as with its other recent e-commerce acquisitions, is buying into a customer base that is mostly alien to it: Less than 1 percent of Walmart buyers shop at Bonobos and they give Bonobos 0.04 percent of their online spend, according to NPD Group’s Checkout Tracking.
June 1, 2017
Joe Derochowski, who tracks the $13 billion bedding industry for market-research firm The NPD Group, says Parachute and online mattress peddlers such as Casper Sleep Inc. and Tuft & Needle have done a “phenomenal job of decommoditizing the sleeping industry.
June 1, 2017
Restaurants are no longer treating lunchtime delivery as an afterthought. With online-ordering apps proliferating and many customers cutting down on eating out for lunch, the industry—from fast-food chains to upscale restaurateurs—is looking for ways to bring food to patrons without compromising their eating experience. Delivery only accounts for 3 percent of restaurant purchases nationwide, but it is growing fast. Non-pizza delivery purchases have risen by 30 percent in the past four years, according to market-research firm The NPD Group Inc.
May 31, 2017
A lot of people are not going to lunch anymore. According to the market research firm The NPD Group, Americans made 430 million fewer trips to restaurants during lunch time last year, which translates to billions of dollars less revenue for restaurants.
May 31, 2017
Lunch traffic to quick-serve hamburger restaurants fell 5 percent last year—the biggest year-over-year decline that market-research firm NPD Group Inc. has recorded. The cost of eating out—especially when cooking at home has become cheaper—is a key reason hamburger chains are seeing less foot traffic, NPD restaurant analyst Bonnie Riggs said.
May 30, 2017
If current trends continue, men’s U.S. shoe sales will soon surpass women’s. At $26.2 billion in 2016 versus $29.9 billion for women’s footwear, “men’s is closer in size to women’s than it’s ever been,” says Beth Goldstein, fashion footwear and accessories analyst at The NPD Group. Women’s sales are shrinking as men’s continue to rise, in both revenue and number of pairs sold.
May 30, 2017
Earlier this year, The NPD Group, a food and consulting research firm, announced in a press release that out of the three meal times, only breakfast has seen a growth in traffic. Bonnie Riggs, a restaurant industry analyst at The NPD Group, said that breakfast visits for the year ending in March 2017 had increased by 1 percent, although admittedly 80 percent of this has been attributed to quick-service restaurants like McDonald's and Taco Bell.
May 30, 2017
The days of the aspirational purchase—buying an item because it evokes a sense of financial achievement beyond what is realistic—are over. Not by coincidence, Mad Men-style advertising—that tippy-toe reach for the elegant, the seductive, the out-of-reach—isn’t exactly connecting with consumers anymore, either. If this style of marketing doesn’t work, what does? Has it been replaced? Its target definitely has: Meet the post-aspirational shopper.
May 30, 2017
The U.S. restaurant industry is in a funk. Blame it on lunch. Americans made 433 million fewer trips to restaurants at lunchtime last year, resulting in roughly $3.2 billion in lost business for restaurants, according to market-research firm The NPD Group Inc. It was the lowest level of lunch traffic in at least four decades.
May 29, 2017
Lori Monaco, President of Fashion Footwear, Accessories, Luxury Watches and Jewelry at The NPD Group covers the ins and outs of all things footwear with Matt Priest and Andy Polk on this week's Shoe-In podcast episode.
May 23, 2017
According to data provided by The NPD Group, the top-grossing sneaker for April 2017 was the Air Jordan 11 Low. The Air Jordan 11, however, was not the only retro Air Jordan basketball style to make the top 10. Also on the list is the Air Jordan 4. Adidas followed Nike with three styles in the top 10: the Superstar, the NMD Runner and the Tubular Shadow. Matt Powell, VP and sports industry analyst with The NPD Group, said having multiple models doing well is “further evidence of the brand’s success.”
May 21, 2017
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April 10, 2017
The restaurant industry could be headed for an even greater funk this year, as more consumers opt to save their money rather than dine out. Analysts at The NPD Group expected quick-service chains to see traffic grow by about 1 percent, while visits to full-service chains are anticipated to fall 2 percent.
April 1, 2017
The NPD Group studied leading quick serves offering value bundles and found that although value bundles are not driving the average check amount, they are driving other key metrics, such as combo incidence. Quick-service burger customers, for example, are experiencing double-digit incidence success by offering value bundles. Additionally, The NPD Group found that value bundles drive monthly visit frequency and, therefore, lead to a higher monthly spend among buyers.
March 21, 2017
In the week before the Women’s March on January 21, which saw millions of women take to the street across the world to advocate for human rights, materials for protest signs were flying off the shelves across the United States. About 2.7 million poster and foam boards were sold that week, according to an analysis by market research firm The NPD Group.
Compared to the same week in 2016, that was an increase of 33 percent for poster boards, and 42 percent for foam boards.
March 20, 2017
Nike, the world’s largest sportswear maker, is facing increased competition at home, where it faces ongoing pressure on sporting-goods retailers, the demand for more casual “athleisure” styles and archrival Adidas AG, which more than doubled its share of U.S. footwear in January, according to The NPD Group.