Page 6 - Packaged Fact News Today : Breaking News, Live Updates & Top Stories | Vimarsana

, transactions and dollar volume for private-label credit cards dropped sharply with the onset of COVID-19, but then experienced recovery in the second half of the year.  Even so, Packaged Facts projects flat to low growth in upcoming years for the private-label card market, with receivables estimated at $142 billion in 2020. Private label credit cards, also called store cards, are the original credit cards. Traditional private label credit cards are good for in-store credit only, as opposed to store credit cards that are co-branded with Visa, Mastercard, or American Express, and therefore ...

Chocolate Market Surges Past $27 Billion Amid Pandemic Trends of Snacking, Baking, and Extending Seasonal Celebrations News provided by Share this article Share this article ROCKVILLE, Md., May 6, 2021 /PRNewswire/ -- COVID-19 impacts on the U.S. chocolate industry were affected by trends for both health and indulgence, with many consumers turning to comfort foods and extended seasonal and holiday celebrations to cope with the disappointments of the pandemic. 2020 turned out to be a banner year for the market, with sales growth of 12% pushing chocolate sales to $27 billion, as reported by P...

Share this article Share this article ROCKVILLE, Md., April 1, 2021 /PRNewswire/ -- COVID-19 impacts on the U.S. pet industry were not what seemed inevitable during the initial months of the pandemic. Instead, 2020 turned out to be a banner year for the market, with sales growth of 9% pushing overall pet industry sales to $107 billion, as reported by Packaged Facts' just released U.S. Pet Market Outlook, 2021-2022. Along with the re-confirmed recession resistance of the pet industry, several factors support an extremely positive near- and long-term outlook for the pet market. A surge in pet...

Home Baking Product Sales Up 24% to $26 Billion, reports Packaged Facts Quarantining during coronavirus drives interest in home baking as a hobby and as a source of comfort foods News provided by Share this article Share this article ROCKVILLE, Md., March 11, 2021 /PRNewswire/ -- As the coronavirus pandemic caused lockdowns and a number of office workers relocated to working at home full-time in 2020, many consumers began to spend most of their time at home and looked for more home-based activities. Baking activity took off, and subsequently, sales of baking-related products soared by 24% la...

Share this article ROCKVILLE, Md., March 9, 2021 /PRNewswire/ --  During the pandemic, pet owners—like all Americans—have been flocking online in droves due to store closures and stay-at-home and social distancing measures. Nearly two-thirds of U.S. pet owners (64%) have been ordering/buying online more, almost half (49%) have been ordering/buying more via smartphone, and over two-fifths (43%) have been buying groceries online more, based on a 2020 Survey of Pet Owners by market research firm Packaged Facts. In the same survey, 31% of pet owners reported using curbside pickup more for gr...