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Remember that Jan. 2023 was a 5-week period. So, in terms of weekly averages, spending on hardware was down 19.4%.

EDIT: Wait, is the NPD Group not going by the NRF calendar anymore? The NRF has 2023 as one of their 53-week years, which in past years made January a 5-week sales period. The OP indicates that NPD only considered this January a 4-week period.

Last edited by Shadow1980 - on 13 February 2023

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In accordance to the VGC forum rules, §8.5, I hereby exercise my right to demand to be left alone regarding the subject of the effects of the pandemic on video game sales (i.e., "COVID bump").