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We're seeing health and personal care sales increase by 6%. That's all according to our forecast. Can you tell me more about which categories you both are watching this holiday season? Jeremy, why don't you take that one first? Jeremy Goldman:.

Consumer packaged goods (CPG): Includes food and beverage products, household products, packaged goods, tobacco, personal care products, toiletries, and cosmetic products. Entertainment: Includes amusement and recreation, box office, film, music, sports, OTT video platforms, and video games (excluding video game hardware).

Motor vehicle and parts dealer sales; furniture sales; electronics and appliance sales; building material and garden equipment sales; food and beverage sales; health and personal care sales; gasoline sales; clothing and clothing accessories sales; sporting goods, hobby, book, and physical music sales; general merchandise sales; miscellaneous sales; nonstore sales (i.e., pure-play ecommerce platform sales

Motor vehicle and parts dealer sales; furniture sales; electronics and appliance sales; building material and garden equipment sales; food and beverage sales; health and personal care sales; gasoline sales; clothing and clothing accessories sales; sporting goods, hobby, book, and physical music sales; general merchandise sales; miscellaneous sales; nonstore sales (i.e., pure-play ecommerce platform sales

Inflation in the UK is easing but remains near a 40-year high. That鈥檚 tamping down consumer spending across all categories鈥攚ith total retail sales set to grow by just 1.7% in 2023, versus a pre-pandemic growth rate of around 4%.

For August, a digitally native direct-to-consumer brand of period care products, TikTok gives more than it takes down. For example, in January 2020, its launch video was immediately removed by the platform. 鈥淚 still get videos taken down for what the app believes is graphic content,鈥� said August co-founder Nadya Okamoto. Still, Okamoto credits TikTok for helping her cultivate a community of nearly 4.5 million followers across her personal and brand TikTok accounts, as well as allowing her to open a dialogue for authentic marketing.

Beauty is an 鈥渁dvantaged category with consumers, at the sweet spot of affordable luxury, self-care, and confidence-boosting,鈥� said Coty CEO Sue Nabi, during her company鈥檚 earnings call. Ulta Beauty鈥檚 net sales grew 12.3%, comparable sales rose 9.3%, and net income increased 4.7%. E.l.f. Beauty鈥檚 net sales soared 78.2% in its fiscal Q4, and it had a nearly tenfold increase in its net income.

We are projecting health and personal care. Sales will rise 14.4% this year, and beauty specifically will rise 12%. And Elf, I think is an area where consumers are seeing that value. Becky Schilling (10:59):.

Gen Zers and young millennials are the most likely to splurge on beauty in 2024鈥攂ut their path to purchase is anything but straightforward.

Motor vehicle and parts dealer sales; furniture sales; electronics and appliance sales; building material and garden equipment sales; food and beverage sales; health and personal care sales; gasoline sales; clothing and clothing accessories sales; sporting goods, hobby, book, and physical music sales; general merchandise sales; miscellaneous sales; nonstore sales (i.e., pure-play ecommerce platform sales

Ecommerce growth accelerated during the 2023 holiday season as US consumers shifted more of their shopping to mobile devices.

And beauty and personal care products certainly fit into that so they want to be able to offer some of the more upscale or premium brands that those consumers might be looking for. And I think we've seen a similar trend in drug stores. I know when I was growing up, drugstore beauty, particularly hair care, was very affordable and low-priced.

s 12th largest beauty and personal care e-commerce retailer," according to a study by Dash Hudson and NielsenIQ. So maybe it's really popular for some categories, less for others, but that's also fine. That's a fine way to, you have to sell everything. All right, folks, that's all we've got time for for the first half of the show. Time for the second half of the show today in other news.

We forecast that total retail sales growth by product category will be quite high for food and beverage, apparel and accessories, and health and personal care. All of those are around 7% growth for this year. Whereas computer and consumer electronics are much lower at 2.5%. So Zak, can you talk about this trend as it relates to CPG and grocery? Zak Stambor:. Yeah.