Channel analysis
Sales of closet storage and laundry storage declined 1.3% and 1.5%, respectively, in the 12 months ended July 31, according to consumer research from Port Washington, N.Y.-based NPD Group. Dollar volume, according to NPD, was about $2.94 billion for storage in the closet, and about $180 million in the laundry room. Unit volume declined more than dollar volume, indicating an increase in average ticket.