NPD Holiday Shopping Bag 2016 Weekly Report
The final holiday shopping push appears to be on a delay compared to last year, and deep discounts further delayed the benefits for retailers. According to The NPD Group’s weekly point-of-sale results for key general merchandise categories across in-store and online channels, dollar sales in the seventh week of the 2016 holiday shopping season were 11 percent lower than the same week in 2015. Cumulatively, dollar sales in the first seven weeks of the 2016 holiday shopping season were 4 percent behind the first seven weeks of the 2015 holiday season.
Week Ending December 17, 2016*
- Dollar sales in the seventh week of Holiday 2016 were 11 percent lower than the seventh week of Holiday 2015.
- Each of the five industries being tracked — Apparel, Toys, Technology, Athletic Footwear, and Prestige Fragrances — saw dollar sales declines, the steepest of the holiday season so far.
- Apparel performed the best of the five industries being tracked, with the lowest decline for the week.
Top Performing Categories
- Home Automation
- PC’s (driven by Notebooks)
- Stereo Headphones
- Instant Print Cameras
“Discounts are used by retailers to either manage excess inventory or stimulate sluggish selling, and this holiday it is certainly the latter. However, discounts have been too readily available this holiday season to offset declines compared to last year,” said NPD’s Chief Industry Analyst, Marshal Cohen. “Retailers are trying to compete across all channels with the same merchandise so price becomes the focus. The level of discounting in play this holiday season is making it a challenge to capture the volume seen last year.”
* Information is collected from a panel of leading retailers that provide weekly point-of-sale data covering in-store and online sales of Apparel, Toys, Technology, Athletic Footwear, and Prestige Fragrances.
Note: Shifts may occur from week to week in reporting results, due to retailer reporting updates.If you have any questions about this article, contact us.
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