consumers buying garage storage products, despite struggling economy
Saturday, June 28th, 2008Garage storage has been the fastest growing segment in the storage and organization category in recent years, the NPD Group reports, driven in part by larger cabinet-style collections in masculine colors such as silver or black, better quality and more prominent marketing. Vendors are also promoting more bike racks and ceiling-mounted shelving units.
The company also reports that men accounted for 64% of the dollar share spent on garage storage products (2007).
Looking ahead, the segment should be an area of growth for retailers. “Garage storage seems to be somewhat recession proof,” said Mark Delaney, NPD’s Home marketing director. “Consumers who plan on redoing their garage are doing so, regardless of what the housing market is doing.”
Source: HomeWorld Business, Mar 30, 2008