Le Lézard
Classified in: Science and technology, Business, Covid-19 virus
Subject: SVY

Holiday 2020 Retail Sales Off to a Double-Digit Start, Reports NPD

PORT WASHINGTON, N.Y., Nov. 26, 2020 /PRNewswire-PRWeb/ --  Holiday dollar sales* for the season to date grew +13% compared to the same 6 weeks last year, with video games, small appliances, technology, toys, office supplies, and books leading the way, according to The NPD Group's latest retail sales reporting.1 This healthy start to the season is important as retail continues to be challenged by COVID-19 case surges that will have additional implications for the way consumers shop.

"Retail's focus on Black November seems to be paying off, but it remains to be seen if early sales will diminish retail's performance over Black Friday weekend," said Marshal Cohen, NPD's chief industry advisor, retail. "While we are heading into retail's big holiday weekend with some nice momentum, there are still several weeks ahead with many industries still looking to make up for the year's losses. This may still prove to be a very challenging holiday season at retail, which means the focus could shift from sales volume to profit margin for those industries and retailers that are lagging."

Watch to get the latest insights from NPD's chief industry advisor: A Minute with Marshal Cohen ? Consumers Overcome Distractions

Black Friday was the top shopping day of 20194 - Here are some insights into this year's Black Friday shopper:

Average planned holiday spending for this year, based on when holiday shoppers planned to begin shopping.

The hottest categories so far this holiday shopping season continue to be led by technology products. But as holiday promotions increased, there was movement among the growth drivers in the first two weeks of November.

Top 15 YOY Growth Categories*
6 weeks ending November 14, 2020
1- LCD TVs
2- PCs
3- Video Games Hardware
4- Tablets & e-readers
5- Tissue & Dispensers
6- Hand Held Specialty Cleaning Appliances
7- Monitors
8- Stereo Headphones
9- Paper Towels, Napkins & Dispensers
10- VR/AR Hardware & Accessories
11- Building Sets
12- Sleepwear
13- Hand Cleaners
14- Fryers
15- Fashion Dolls/Accessories & Role Play

Will this list continue to change as the holiday shopping season progresses? Stay tuned for an update during the second week of December!

For more information, or to speak with Marshal Cohen, contact Janine Marshall at janine.marshall@npd.com, and check NPD's special holiday coverage and follow #NPDHoliday on Twitter to see the latest insights across retail.

1Source: The NPD Group/Retail Tracking Service, apparel, athletic footwear, beauty, Blu-ray/DVD, office supplies, small appliances, technology, toys, video games.
2Source: The NPD Group/Annual Holiday Study
3Source: The NPD Group/ U.S. Consumer Tracking Service (Athletic Footwear, Apparel, Accessories, Toys, Video Games), Retail Tracking Service (Office Supplies, Beauty), Checkout (Housewares, Small Appliances, Technology - YTD September 2020
4Source: The NPD Group/Checkout
*Seasonal Category Tracking is based on a subset of industries available weekly at a category level.

Media Contact

Janine Marshall, The NPD Group, 516-625-2356, janine.marshall@npd.com



These press releases may also interest you

at 02:50
ACDX is launching Bull Bear Strike Token (BBS) that brings the magic of uncapped profit potential with capped risk in the week of 25 January 2021. It is a leveraged derivatives product that combines the fascination of perpetual futures and options in...

at 02:23
Azelio and Svea Solar have signed a MoU to develop projects using Azelio's long-duration energy storage, TES.POD®, coupled to PV systems. The collaboration will span over at least 3 projects in 2021, 5 projects in 2022, and 10 projects in 2023. A...

at 02:12
- The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, any jurisdiction (including without limitation Australia,...

at 02:05
Kosmos Energy announced today the following schedule for its fourth quarter 2020 results: Earnings Release: Monday, February 22, 2021, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at...

at 02:00
Little Money, Lots of Protection!  - That is the promise that Protect4Less, an innovative new insure-tech brand promises owners of Smartphones and other electronic devices including laptops, PCs, tablets, accessories and home appliances. ...

at 01:51
The Nomination Committee has concluded its nomination work and decided that the following proposals will be presented to the Annual General Meeting 2021: The election of Mattias Carlsson as chairman of the board; The re-election of Malin Eriksson,...

News published on 26 november 2020 at 04:30 and distributed by: