Table the Motion
By Staff -- Gifts & Decorative Accessories, 10/1/2007
Sales of fine dinnerware, beverageware and flatware dropped 5 percent, .4 percent and 7 percent respectively in 2006. The data was collected at point of sale by market information company The NPD Group.
However, there are some bright spots: manufacturers have reported success with expanding co-branded product lines into the “quality casual” space. The dollar share for wine glasses in the fine beverageware market grew 3 percent to 30 percent of total sales.
Wine glasses were even more popular during the holidays: 40 percent of stemware sold during the fourth quarter was wine glasses, up 8 percent in unit sales.
For 2007, Peter Goldman, president of the home section of The NPD Group, predicts growth of entertaining-inspired products in casual tabletop.
