On October 10th, 2017, The Underfashion Club had the pleasure of hosting Don Unser, Group President of Retail with NPD, at the Harvard Club of New York for a discussion on “Trends in the US Retail Landscape.” The NPD Group is among the top 25 market research companies, providing marketing information and advisory services to companies. After an hour of cocktails and networking, attendees took their seats to learn about the modern retail climate in the United States.
Don began his presentation by highlighting macro trends across industries and categories before digging deeper into apparel and intimate apparel. Based on tracking $1.8 trillion dollars spent by consumers in the US, Don Unser commented that “There has never been a more tumultous time in retail in the 30 years I have been in the industry.” The overall growth rate is -0.2%, the only time we’ve seen a negative growth rate in US retail since the recession. Apparel sales are now flat, which is a first given that a growth rate of 1-3% is typical in this industry. read more