NPD Reports on Valentine’s Day Fragrance Sales
02/10/2010 -
PORT WASHINGTON, N.Y.—According to market research company, The NPD Group Inc., overall Valentine’s Day dollar sales of prestige fragrances have been declining each February since 2006, dropping 4 percent in total in February 2009, compared to the February 2008. However, going into Valentine’s Day 2010, NPD sees a positive trend in sales of small-size fragrances.
“Though the fragrance market has been challenged, there are areas that are resonating with consumers. Smaller sizes are becoming an increasingly important option today. What’s encouraging is they are not just working in women’s scents or new fragrances …we are also seeing growth in smaller sizes for both women’s and men’s fragrances (one ounce and smaller) and classics, as well as new scents,” said Karen Grant, vice president and global industry analyst, The NPD Group.
According to NPD, in annual 2009, women’s fragrance juices under one ounce, grew 8 percent in units, versus 2006. Looking at new skus in 2009, growth came from new items as well as existing skus. For men, growth came in new one ounce skus.
“Smaller sizes are a great way for consumers to get a taste of what’s new or to remember a loved favorite scent. This could be not only a thoughtful option, but a budget friendly one for Valentine’s Day gift giving,” said Grant.
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