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[title] => Chew on This!
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[body] => Dog lovers, cat lovers, even guinea pig lovers! Americans love their pets and Baby Boomers and Millennials are driving the pet market in the US, but for entirely different reasons, according to a new study by Packaged Facts. A decade ago, just 34% of adults in the 70+ age group owned pets. In 2015 and 2016, when the oldest cohort of Boomers began to turn 70, this percentage jumped to around 40%. Meanwhile, Millennials view pet ownership as good practice for having a family! With these and other factors driving the pet industry, it may be time for established and startup household and personal product industry companies to consider entering the pet care category, which includes shampoos, conditioners and other fur-friendly grooming products.
By the end of last year, pet-owning American households had increased by almost 9 million from 2006 to 2016. Packaged Facts estimates there are around 67 million households with pets—that's 55% of all US households. Dogs are the most commonly owned pet, followed by cats, and at much lower rates other types of pets such a fish and birds.
Besides older Americans wanting a furry companion and the younger generation preferring cats to kids, Packaged Facts found that an increase in the number of households with more than one pet has played a key role in maintaining the size of the pet population during the past decade. For example, the number of households with more than one dog grew by five million during this period, compared to an increase of 4.8 million in the number of one-dog households. And beyond merely growing the pet population, owners of multiple dogs in particular are more likely to shop online and splurge on their canines and thus are aiding growth in the retail pet product industry as a whole, according to Packaged Facts.
Another reason for the pet population surge is that Hispanics and multicultural consumers boost ownership of dogs, cats, birds and other animals. Roughly 61% of the growth in the population of dog owners in the past decade came from multicultural population segments. Likewise, the number of Hispanic cat owners increased 71% while the number of non-Hispanic white cat owners was essentially flat. Packaged Facts data also reveals that Hispanics have a substantially above-average likelihood of owning pet birds. Pet ownership has become a marker of increasing acculturation within the Latino population. The vast majority of Latino pet owners in the United States are either US-born or are bilingual or English-dominant foreign-born Latinos. As acculturated Hispanics continue to make up a larger and larger share of the rapidly expanding Hispanic population in the US, the number of Hispanic pet owners likely will continue to grow exponentially.
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[title] => It's Super Saturday for Retailers
[short_title] => Nearly 90% of adults will head out to stores
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[body] => Holiday shoppers are running out of time, but they don't seem to mind According to the International Council of Shopping Centers' Super Saturday survey, 88% of American adults still plan to shop this upcoming weekend with 60% planning to spend on Super Saturday weekend alone. Millennials are the worst procrastinators – with 74% planning to shop this Saturday.
"With almost 90% of adults yet to complete their holiday shopping, we will see large crowds this Super Saturday weekend and continuing through to Christmas Eve,” said ICSC President and CEO Tom McGee. “Additionally, experiences will also draw crowds as once again we see that malls and shopping centers play an integral role in their communities by serving not only as a place to go shopping, but also as a place to spend time with family and friends during the holidays.”
Here are some stats to mull over while sipping your mulled cider:
• 88% of adults in the U.S. still plan to spend through Christmas;
• On average, they will spend $418.80;
• 76% of adults still plan to purchase holiday gifts and other related items through Christmas; and
• 60% of adults plan to spend on Super Saturday weekend alone.
And where will these intrepid shoppers land?
• 67% will go to discount stores;
• 49% will go to department stores;
• 31% will go to electronics stores; and
• 25% will go to sporting goods, hobby, book and toy stores
And what will they do when they get there?
• 68% of visitors intend to shop;
• 43% intend to dine at a restaurant or other eating establishment;
• 25% intend to see a movie; and
• 16% intend to have a child’s picture taken with Santa.
When it comes procrastination, no age group is worse than Millennials. On Saturday, December 17, 74% of Millennials plan to shop vs. 59% of Gen X and 42%of Baby Boomers. On Sunday, December 18, 63% of Millennials plan to shop vs 51% of Gen X and 35% of Baby Boomers.
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[body] => After a successful launch in the UK, Beauty Beneath, a division of Boots, will enter the US market in 2017. According to the company, this nutrient-rich, anti-aging beauty supplement targeting fine lines and wrinkles to help combat skin aging beneath the surface. Currently sold in nearly 8,000 Walgreens stores nationwide, Beauty Beneath will officially roll out in the US in January 2017. Additionally, celebrity esthetician Shani Darden will act as a brand ambassador for Beauty Beneath through public relations and social media platforms.
The No. 7 brand is also expanding with a new spokesperson, as reported in Happi.
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All changes in the data are reported on a three-month moving average (3MMA) basis. Of the 28 specialty chemical segments monitored, 21 expanded in November and seven experienced decline. During November, large gains (1.0 percent and over) were noted in cosmetic chemicals, mining chemicals, oilfield chemicals and specialties.
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[body] => The Cosmetic Executive Women Foundation (CEWF) recently honored Laura Geller, founder of cosmetics firm Laura Geller New York, for her generosity and commitment to Cancer and Careers. Geller was celebrated at CEW’s annual Beauty of Giving Luncheon, which honors the philanthropic achievements of the beauty industry with all proceeds benefitting CEW’s signature charity, Cancer and Careers, a national non-profit which empowers and educates working people with cancer.
During the past decade, Geller has served as a CEWF board member, ambassador, program supporter, event sponsor and cause marketing partner. Geller has inspired a company-wide commitment to the cause at Laura Geller New York, which has donated more than $500,000 to date. In addition, the company has donated $600,000 worth of products to the CEW & QVC Present Beauty with Benefits broadcasts, where Geller’s on-air presence has helped raise millions for working people with cancer.
“The CEW Foundation is so fortunate to have industry icons like Laura Geller provide support for Cancer and Careers,” said Kate Sweeney, executive director, CEW Foundation. “From her commitment to supporting Laura Geller New York employees who are working through cancer, to her exceptional generosity over the years, Laura is an inspiration to us all.”
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[title] => It's Super Saturday for Retailers
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[body] => Holiday shoppers are running out of time, but they don't seem to mind According to the International Council of Shopping Centers' Super Saturday survey, 88% of American adults still plan to shop this upcoming weekend with 60% planning to spend on Super Saturday weekend alone. Millennials are the worst procrastinators – with 74% planning to shop this Saturday.
"With almost 90% of adults yet to complete their holiday shopping, we will see large crowds this Super Saturday weekend and continuing through to Christmas Eve,” said ICSC President and CEO Tom McGee. “Additionally, experiences will also draw crowds as once again we see that malls and shopping centers play an integral role in their communities by serving not only as a place to go shopping, but also as a place to spend time with family and friends during the holidays.”
Here are some stats to mull over while sipping your mulled cider:
• 88% of adults in the U.S. still plan to spend through Christmas;
• On average, they will spend $418.80;
• 76% of adults still plan to purchase holiday gifts and other related items through Christmas; and
• 60% of adults plan to spend on Super Saturday weekend alone.
And where will these intrepid shoppers land?
• 67% will go to discount stores;
• 49% will go to department stores;
• 31% will go to electronics stores; and
• 25% will go to sporting goods, hobby, book and toy stores
And what will they do when they get there?
• 68% of visitors intend to shop;
• 43% intend to dine at a restaurant or other eating establishment;
• 25% intend to see a movie; and
• 16% intend to have a child’s picture taken with Santa.
When it comes procrastination, no age group is worse than Millennials. On Saturday, December 17, 74% of Millennials plan to shop vs. 59% of Gen X and 42%of Baby Boomers. On Sunday, December 18, 63% of Millennials plan to shop vs 51% of Gen X and 35% of Baby Boomers.
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[title] => Beauty Beneath To Arrive Stateside
[short_title] => Boots' supplement will hit stores in January 2017.
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[body] => After a successful launch in the UK, Beauty Beneath, a division of Boots, will enter the US market in 2017. According to the company, this nutrient-rich, anti-aging beauty supplement targeting fine lines and wrinkles to help combat skin aging beneath the surface. Currently sold in nearly 8,000 Walgreens stores nationwide, Beauty Beneath will officially roll out in the US in January 2017. Additionally, celebrity esthetician Shani Darden will act as a brand ambassador for Beauty Beneath through public relations and social media platforms.
The No. 7 brand is also expanding with a new spokesperson, as reported in Happi.
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[title] => US Specialty Chemicals Markets Gains Momentum in Q4
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[body] => The American Chemistry Council (ACC) reported that US specialty chemicals market volumes rose 0.4 percent in November. This follows a revised 0.1 percent gain in October and a 0.2 percent gain in September. Volumes have generally been moving up since May.
All changes in the data are reported on a three-month moving average (3MMA) basis. Of the 28 specialty chemical segments monitored, 21 expanded in November and seven experienced decline. During November, large gains (1.0 percent and over) were noted in cosmetic chemicals, mining chemicals, oilfield chemicals and specialties.
The overall specialty chemicals volume index was off 0.7 percent year-over-year (Y/Y) on a 3MMA basis. The index stood at 105.2 percent of its average 2012 levels. This is equivalent to 7.25 billion pounds (3.29 million metric tons). The downturn in the oil and gas sector affected headline volumes and weakness spread to other segments as well. Year-earlier comparisons have been negative since second quarter 2015. Lately, the year-earlier declines have been moderating. On a Y/Y basis, there were gains among 16 market and functional specialty chemical segments.
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