This year, nearly 85 precent of all independent home improvement retailers say they plan on adding new products to their stores and a full 66 percent say they plan to add or expand entire categories as ways to grow topline sales and …
Read More »Research and Guides
5 Studies and Reports to Help Your Business
All smart decisions are based on research, be it product development, marketing strategies or financial decisions. It’s important to look for trends, industry best practices and any other data that supports those decisions. At the North American Retail Hardware Association …
Read More »Looking to Expand Your Business?
Many independent home improvement retailers are looking to expand their businesses by adding store locations, which bring new customers, new product mixes and new opportunities. Recent data gathered by the North American Retail Hardware Association (NRHA) shows that more than a quarter of independent retailers plan …
Read More »Improve Your Business Today
Do you operate a typical or high-profit home improvement store? Check out this video to see how Bill, a hardware store owner, goes from operating a typical hardware store to a high-profit one, earning $100,000 more in profit each year. Once you …
Read More »Tracking How Your Business Performs on Social Media
Nearly nine in 10 independent home improvement businesses use social media, but only about 50 percent of them track their sites’ performance, according to a recent study from the North American Retail Hardware Association (NRHA). That means many retailers have no way to gauge their social media success, …
Read More »NRHA’s 2016 Social Media Study
Hardware Retailing magazine’s March 2016 issue features an article focused on retailers who have high-performing social media accounts for their businesses. The story also identifies ways retailers can grow their engagement and audience on social media platforms. The full story can be found here. The North …
Read More »Event Planning Guide
Planning a successful event takes times and preparation. To help make your next event a favorite among customers and community members, we created an event planning checklist. This resource provides different tasks you must accomplish to have a successful event …
Read More »Are Your Operating Expenses Draining Your Profit?
Payroll, advertising, utilities, rent and more all add up to your total operating expenses–and if one of those expense lines gets too high, it cuts into your store’s profit. Ask yourself the following questions to determine if your expenses are …
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