The NPD Group’s home division presented its sixth annual industry performance awards during the International Home & Housewares Show this past March. Awards were given to small appliance and housewares (non-electric) brands with the largest increase in U.S. market share in 2018, compared to 2017, according to dollar sales from NPD’s Retail Tracking Service. Three…
CONTINUE READINGMay Currency Outlook
In their May 2019 Currency Outlook report, Tempus, an exchange rate and global payments company, provides a detailed report including the following topics and sections: In Brief The USD had another month of swings, rising .8% in AprilEconomic performance divergence is a strength for the USD as other currencies struggleBased on Latin safe-haven and oil prices, the Mexican…
CONTINUE READINGU.S. Custom and Border Protection: Steps to Protect Intellectual Property Rights
The Custom and Border Protection (CBP) encourages the usage of their e-Recordation Program to help copyright owners gain enforcement of intellectual property rights. The CBP has the right to detain, seize, forfeit and destroy any merchandise that enters the U.S. if it infringes on trademark or copyright that has been registered. In order to do so, the trademark…
CONTINUE READINGIHA Encourages Member Action on Latest Proposed Tariffs
With the most recent list of proposed tariffs affecting the housewares industry, the International Housewares Association is encouraging members to contact their congressional representatives or provide comment to the United States Trade Representative (USTR) on the tariffs’ effect on their business. The List 4 China 301 tariffs proposes up to a 25 percent tariff rate on…
CONTINUE READINGTrends: How Much Coffee Do Consumers Drink?
Many retailers sell coffee and coffee equipment in their stores. But how much coffee do U.S. consumers drink daily? The National Coffee Association keeps tabs on such data. Here is the association’s recent look at coffee drinking trends in the United States: U.S. coffee drinkers consume about 3 cups a day on average. The Association reminds us that research suggests that…
CONTINUE READINGGlobal Retail Intelligence – May
May 22 – UK’s Marks & Spencer Reshapes Strategy after Annual Profit Decline of 10% With a plan to open larger format food stores, shifting away from smaller convenience outlets and closing other outlets that also sell clothing and housewares, Marks & Spencer’s new approach shows a shift of strategy. From Bloomberg May 22 – Spar International to Expand China…
CONTINUE READINGCoffee’s Retail Buzz
Americans have been waking up to coffee for a while, but now even more U.S. consumers grab at least one cup of Joe every day. According to the latest National Coffee Data Trends report from the National Coffee Association, 63 percent of American adults drink coffee daily. “Coffee is America’s most beloved beverage—and for good reason” says William Murray, NCA president…
CONTINUE READINGRetail Profile: Forté Coffee
Location: St. Joseph, Mich. Founded: 2018 Co-owners: Brian and Barbara Maynard Square footage: 1,850 sq ft Brian Maynard’s love affair with coffee goes back to his childhood. That coffee passion began with the influence of his father Del, who, Maynard says, “always had a cup of coffee in his hand and would wake up in the middle of the night to…
CONTINUE READINGStats: Food Trend Influencers
If you’ve ever wondered why kombucha has become popular, you may also wonder how healthy food trends get started. Not surprisingly, a new study has found that social media plays an increasingly big role in influencing consumer decisions about the foods they eat and the brands they buy. But other factors come into play as well. According to the consumer insights platform Suzy,…
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