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NEWS
July 24, 2013 | By Adam Tschorn
Sales of grooming tools totaled $1.1 billion for the 12-month period ending in May, according to Port Washington, N.Y.-based NPD Group, a decline of 2% from the same period a year ago. But this doesn't necessarily foreshadow an escape from the manscape landscape; the market research firm notes that the slight drop comes on the heels of a 7% increase in sales of grooming tools the year before that. "Grooming trends are a reflection of personal style, celebrity influence, and today's perception of what is attractive, and sales of grooming tools often follow suit," said Debra Mednick, executive director and home industry analyst, in the announcement.
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NEWS
July 24, 2013 | By Adam Tschorn
Sales of grooming tools totaled $1.1 billion for the 12-month period ending in May, according to Port Washington, N.Y.-based NPD Group, a decline of 2% from the same period a year ago. But this doesn't necessarily foreshadow an escape from the manscape landscape; the market research firm notes that the slight drop comes on the heels of a 7% increase in sales of grooming tools the year before that. "Grooming trends are a reflection of personal style, celebrity influence, and today's perception of what is attractive, and sales of grooming tools often follow suit," said Debra Mednick, executive director and home industry analyst, in the announcement.
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BUSINESS
January 14, 2010 | By Ben Fritz
The video game industry got a shot of good news Wednesday before what's expected to be a final dose of bad news on 2009 today. Activision Blizzard Inc. said sales of its blockbuster Call of Duty: Modern Warfare 2 have exceeded $1 billion worldwide since it launched Nov. 10. Though the Santa Monica publisher didn't specify how many units it had sold, that's probably close to 15 million based on the 8 million units the game sold in its first...
NEWS
March 28, 2013 | By Adam Tschorn
Port Washington, N.Y., based market research firm NPD Group reports that sales of basketball footwear were up 14% dollar-wise in 2012 compared with the previous year, with January and February 2013 showing sales gains on the first two months of 2012, up 11% and 6%, respectively. According to the results of NPD's recent study, which tracked sales of performance, sports lifestyle and classic basketball shoes at athletic specialty/sporting goods stores, department stores, national chain and footwear chain stores, hoops-related kicks clock in as " one of the fastest growing athletic footwear categories.
BUSINESS
March 12, 2010 | By Alex Pham
Video game sales in the U.S. plunged 15% in February as skittish consumers continued to ratchet back their spending. The bleak sales report from the NPD Group marks the 10th monthly decline in the last 12 months. Game sales fell to $624 million. Console sales dropped 20% to $426 million, while sales of peripherals such as game controllers slipped 1% to $204 million. The drop occurred despite three major titles released last month: BioShock 2 from Take-Two Interactive Software Inc., Dante's Inferno from Electronic Arts Inc., and Heavy Rain from Sony Corp.
BUSINESS
November 24, 2009 | By Jerry Hirsch
Adele Cabot and her husband used to dine out three or four times a week, regularly spending $75 to $100 at a sushi bar sampling rainbow rolls and yellowtail nigiri sushi. But that changed after Cabot, an adjunct professor of theater at UCLA, had to take a 6% salary cut. The couple now eat out half as much and frequent less expensive Mexican and Italian places. "I just don't want to spend the money to eat out a lot," Cabot said. With Thanksgiving this week and Christmas next month, restaurants are eager to win back customers such as Cabot who seemed to disappear amid a brutal summer for the nation's eateries.
NEWS
March 28, 2013 | By Adam Tschorn
Port Washington, N.Y., based market research firm NPD Group reports that sales of basketball footwear were up 14% dollar-wise in 2012 compared with the previous year, with January and February 2013 showing sales gains on the first two months of 2012, up 11% and 6%, respectively. According to the results of NPD's recent study, which tracked sales of performance, sports lifestyle and classic basketball shoes at athletic specialty/sporting goods stores, department stores, national chain and footwear chain stores, hoops-related kicks clock in as " one of the fastest growing athletic footwear categories.
BUSINESS
August 14, 2009 | Alex Pham
The video game industry experienced a stomach-churning 29% drop in U.S. sales in July, its third-worst year-over-year slide since January 1995, when NPD Group Inc. first began tracking sales data. The monthly decline, the industry's fifth consecutive drop, means game console and software sales are now down 14% from January through July this year compared with the first seven months of 2008. To climb out of the red zone, sales from August through December would need to grow 11% from a year earlier, NPD analyst Anita Frazier said.
BUSINESS
June 2, 2010 | By Nathan Olivarez-Giles, Los Angeles Times
Nearly two-thirds of software bought online is delivered via digital downloads, rather than on discs that came in the mail, according to an NPD Group report released Tuesday. "People's comfort with downloading software online has grown and will continue to grow," NPD analyst Stephen Baker said. "It's kind of a halo effect from things like Netflix and iTunes, things that got people to trust the idea of buying things online. "More and more people are leaving the product boxes behind.
BUSINESS
January 15, 2013 | By Tiffany Hsu
Past restaurant marketing campaigns have usually featured sexy patrons having a good time with friends or their adorable young families. But according to new research, maybe it's time food-service companies started focusing more on silver foxes. Historically, baby-boomer consumers and older customers have been less likely than younger peers to visit dining establishments. But that's changed since the recession, according to the NPD Group research firm. In the last five years, graying patrons have grabbed an increasing share of restaurant traffic, with more visits to every segment of the restaurant industry than before the downturn.
BUSINESS
January 15, 2013 | By Tiffany Hsu
Past restaurant marketing campaigns have usually featured sexy patrons having a good time with friends or their adorable young families. But according to new research, maybe it's time food-service companies started focusing more on silver foxes. Historically, baby-boomer consumers and older customers have been less likely than younger peers to visit dining establishments. But that's changed since the recession, according to the NPD Group research firm. In the last five years, graying patrons have grabbed an increasing share of restaurant traffic, with more visits to every segment of the restaurant industry than before the downturn.
BUSINESS
January 10, 2013 | By Ben Fritz, Los Angeles Times
Sales of video game discs and consoles plummeted 22% last year, as consumers flocked to new digital devices and cut their spending, while publishers released fewer games. The drop was much sharper than 2011's 9% decline from 2010. Total spending in the U.S. on physical game products was $13.26 billion, according to NPD Group. The research firm did not estimate the annual total including other avenues for game spending, but did say that used games, rentals and digital formats accounted for about half of total spending in December.
BUSINESS
August 15, 2012 | By Tiffany Hsu, Los Angeles Times
It's not looking good for the restaurant industry, which struggled through a slow spring season and will probably see flat traffic for the next two years. A mild winter drove more diners to eat out, leading optimistic analysts to predict that the industry was recovering after being slammed in the recession. But those hopes were dashed as the year went on and restaurant visits rose a paltry 1% in the spring from a year earlier, according to research firm NPD Group Inc. NPD analyst Bonnie Riggs cited consumers' "continuing cost-consciousness, still relatively high unemployment and economic uncertainty" as reasons for the industry's disappointing performance.
BUSINESS
February 15, 2012 | By Nathan Olivarez-Giles, Los Angeles Times
Apple products accounted for 19% of all U.S. spending on consumer electronics during the holiday shopping season last year, helping the technology giant maintain its title as the country's top-selling electronics brand for 2011, according to a new study. Apple also was the third-largest U.S. electronics retailer in 2011 based on total revenue, research firm NPD Group said. The No. 1 retailer was Walmart, followed by Best Buy. Staples and Amazon tied for fourth place to round out the top five, a repeat of 2010, NPD said.
BUSINESS
April 29, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
For the first time, more smartphones were sold than any other type of mobile phone, according to a new study. Sales of smartphones rose 8% during the first three months of 2011 from the same period in 2010, research firm NPD Group said. Smartphones accounted for 54% of all mobile phone sales for the period. However, overall mobile phone sales, which are made up of sales of smartphones and standard cellphones, fell 1% during the quarter from a year earlier, the research firm said.
BUSINESS
April 22, 2011 | By Emily Bryson York
Fries have been getting downsized. The introduction of dollar menus, effects of the recession and the end of super-sizing have taken a toll on French fry consumption at restaurants. Fries are a part of 13.2% of restaurant meals today, down from 14.5% in 2004, according to NPD Group. But fast-food giants haven't been taking this lying down. Many have been finding ways to offset the decline in fry sales. McDonald's Corp., the longtime king of fries, has cited breakfast business and the introduction of frappes and smoothies for helping the chain score 31 consecutive quarters of same-store-sales gains.
NATIONAL
November 21, 2009 | By Tina Susman
There on the left is the plush booth where Dustin Hoffman's character shocked his -- or would that be her? -- agent into ordering a double shot of vodka in the film "Tootsie." Paul McCartney once strolled solo through the revolving door, sat at the shiny bar and ordered a margarita in a martini glass. Years ago, an unknown named Madonna might have checked your coat. The Russian Tea Room, with its rich red and deep green decor, still reeks of glamour. But some things have changed.
BUSINESS
March 18, 2011 | By Emily Bryson York
Ask a harried mom about what's for dinner, and you could get an icy reply. Feeling increased pressure to get a full meal on the table in less than 30 minutes, more families are eyeing the frozen-food aisles for items that can carry dinnertime. About 16% of dinners tonight will come from the freezer aisle, an all-time high and up from 11% in 1990, according to NPD Group. Also, frozen food is taking up more of the store, according to grocery consulting firm Willard Bishop.
BUSINESS
July 21, 2010 | By Shan Li, Los Angeles Times
The allure of ants may escape most people, but Uncle Milton Industries Inc. has based decades of success on the creatures. The Westlake Village toy maker is famed for inventing the ant farm in 1956 as well as other playthings in the science-and-nature niche. Uncle Milton's Ant Farm is so popular and has spawned so many imitators that company President Frank Adler may be only half joking when he says: "We do supply the ants from a secret source; we'd tell you but then we'd have to kill you. ... Competition is always seeking out that information."
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