Staff drives high satisfaction with paint retailers and is the single most important factor differentiating the purchase experience among customers, according to the recent J.D. Power 2014 Paint Satisfaction StudySM—Retailer Segment. The study measures customer satisfaction with major paint retailers, …
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Study: Online is Winning Price Wars Over Bricks-and-Mortar, But Not in Home Improvement Industry
Online storefronts are gaining a pricing advantage over bricks-and-mortar retailers, but that’s not always the case with the home improvement industry, according to a study conducted by Chicago-based marketing firm Anthem Marketing Solutions. The analysis found that 70 percent of …
Read More »Report: Wealthy Prefer Home Depot for Home Improvement Shopping
In its latest report, the American Affluence Research Center finds the country’s richest are looking forward to major home improvements, with the accompanying large furniture and durable good purchases that go with them in the months ahead, according to a …
Read More »Retail’s Market Share of Labor Workforce on the Decline
Retail sales just notched their best month since 2012, according to the National Retail Federation, and the industry has added almost one million jobs since 2010. But those positive stats obscure a more complex and potentially troubling story in retail—particularly …
Read More »Trend Spotting: Millennial Buying Habits, Social Media Hot Topics at NRHA All-Industry Conference
They’re tech-savvy multitaskers known to be motivated by instant gratification and recognition. By now, you’ve likely heard about the characteristics of the millennial generation, but how much do you really know about their home buying preferences or how they could …
Read More »Taking Care of Business: Statistics Show…Retailers Rely on Research
Here are a few quick numbers most everyone is familiar with… Four out of five doctors recommend chewing Trident gum. You only use 10 percent of your brain. Seventy percent of the Earth’s surface is covered with water. My wife …
Read More »Who’s Buying Houses? A Quick Look at Some Emerging Demographics
It’s an age-old tale: A new customer comes into your store and you find out he’s renting an apartment nearby. A couple of years later, he’s in the store buying paint and fixtures for his starter home. Down the road, …
Read More »2013 Market Measure: The Industry’s Annual Report
To watch the full video, click here. This presentation is packed full of industry data covering the health and future of the home improvement industry. We cover everything from financial benchmarks and distributor performance data to housing market updates and …
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