{"id":397678,"date":"2020-12-10T13:40:12","date_gmt":"2020-12-10T18:40:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397678"},"modified":"2020-12-10T13:40:12","modified_gmt":"2020-12-10T18:40:12","slug":"mitch-gould-and-nutritional-products-international-ring-out-2020-and-look-toward-2021-increase-in-retail-sales","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mitch-gould-and-nutritional-products-international-ring-out-2020-and-look-toward-2021-increase-in-retail-sales\/","title":{"rendered":"Mitch Gould and Nutritional Products International Ring Out 2020 and Look Toward 2021 Increase in Retail Sales"},"content":{"rendered":"

\nReturn to Brick and Mortar Stores and 2021 Health and Wellness Trends Bode Well for the Upcoming 12 Months
\n<\/h2>\n
\n

PALM BEACH, FL, Dec. 10, 2020 (GLOBE NEWSWIRE) — Mitch Gould<\/a>, founder and CEO of Nutritional Products Internationa<\/a>l, is excited about 2021.<\/p>\n

\u201cEveryone knows that 2020 has been tough in the retail industry,\u201d Gould said. \u201cMany consumer sectors suffered, but others, such as health and wellness, actually thrived.<\/p>\n

\u201cNow, with the rollout of COVID-19 vaccines imminent, the retail industry is looking forward to 2021,\u201d Gould said. \u201cEconomists are forecasting a return to pre-pandemic Gross Domestic Product levels by mid-2021<\/u><\/a>.\u201d<\/p>\n

Goldman Sachs predicts that U.S. GDP will continue to grow in 2021 until it returns to pre-pandemic levels in the second quarter of 2021.<\/p>\n

Gould said it looks like Congress may pass a $900 billion stimulus package before President Trump leaves office, and he expects the Biden administration will try to negotiate additional COVID-19 economic aid during the first half of the new year.<\/p>\n

All these factors bode well for the U.S. economy and the health and wellness industry.<\/p>\n

\u201cWe saw tremendous sales growth during the pandemic for health and wellness products, such as dietary supplements,\u201d Gould said. \u201cAlthough consumers curtailed their in-person shopping, online sales increased dramatically for dietary supplements. For 2021, NPI sees continued strength in online sales, but also an increase in street traffic at brick-and-mortar locations.<\/p>\n

\u201cDominant online sales are here forever,\u201d he added.<\/p>\n

COVID-19 also pushed people to prioritize their health in 2020, a trend that should continue for years to come.<\/p>\n

\u201cConsumers are looking for any health advantage they can give themselves,\u201d Gould said. \u201cDietary supplement usage is near all-time highs for the fourth consecutive year. American consumers believe their dietary supplements are an effective method to stay healthy.\u201d<\/p>\n

Although he expects continued growth for the health and wellness industry, Gould said he agrees with health-related publications that report immunity boosters, probiotics, mental health concerns, organic products, sustainable manufacturing practices, and family nutrition will continue to be popular trends in 2021.<\/p>\n

\u201cI talk to hundreds of health and wellness companies every month,\u201d Gould said. \u201cThey are upbeat, especially now that the COVID-19 vaccines are reportedly effective. They realize that consumers who already were concerned about their health before the pandemic are even more so after nine-months of the coronavirus.\u201d<\/p>\n

The Boca Raton-based NPI works with international health and wellness companies with brands they want to introduce to American consumers. The \u201cEvolution of Distribution\u201d process that Gould developed covers all aspects of successfully entering the U.S. market:<\/p>\n