By Gina Schaefer Founder and Former CEO A Few Cool Hardware Stores When I launched our first store in 2003, I knew that managing “the numbers” wasn’t going to be my strong suit. I also knew that it was vital …
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Explore Resources to Improve Your Key Retail Metrics
In the April edition of Hardware Retailing, explore how keeping a sharp focus on the key retail metrics that define your business can help you streamline your operation. Now, get more resources to help you identify and improve your business’s …
Read More »Lowe’s Announces Financial Results for Q2 2019
Big-box home improvement chain Lowe’s has announced its second-quarter 2019 financial results. In total, the company reported net earnings of $1.7 billion in the second quarter. This figure represents an 8 percent decrease over its second-quarter 2018 earnings of $1.86 …
Read More »DEADLINE EXTENDED: 3 Ways the 2019 Cost of Doing Business Study Strengthens Businesses
Knowledge is power. For more than a century, independent hardware stores, home centers and lumberyards have relied on the North American Retail Hardware Association (NRHA) Cost of Doing Business Study to see how their businesses compare to typical and high-profit …
Read More »Strengthen Your Operation by Participating in the Cost of Doing Business Study
For more than 100 years, independent retailers have relied on the Cost of Doing Business Study to help them strategize for long-term success. As the industry’s leading financial benchmarking tool, the Cost of Doing Business Study provides a wealth of …
Read More »Participate in the 2019 Cost of Doing Business Study
Do you ever wonder how your operation compares financially to other retailers across the country? Are you curious about the deciding factors that separate an average business from a high-profit operation? If these are questions you ask yourself as you …
Read More »5 Numbers to Check in Your Financial Statements
As you wrap up the year and make plans for 2019, it’s a good time to review your accounting records. Was 2018 a year of growth? Or have market challenges been pulling your operation down? More than likely, the first …
Read More »A New, Easy Way to Understand Financial Statements
If you’re a little confused by all the numbers in the financial statements of your business, you’re not alone. Many retailers would rather be on the salesfloor helping customers than in the backroom poring over paperwork. Nonetheless, those financial statements …
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