Do you ever wonder what makes your store a customer favorite? Well, according to research from The Farnsworth Group, an Indianapolis-based market research company, consumers who list independent home improvement outlets as their favorite stores say customer service endears them to …
Read More »Research and Guides
Putting the Success in Succession Planning
Many independent home improvement retailers are in their 50s and 60s, and if they haven’t already, they will soon be thinking about who will take over their businesses. The North American Retail Hardware Association (NRHA) 2016 Young Retailer of the …
Read More »Consumers Are Perpetually Spending More on Pets
Americans are forking out more and more cash to care for and entertain their dogs, cats and other pets. In 2015, 65 percent of U.S. households—or 79.7 million homes—owned a pet, according to the American Pet Products Association. These households …
Read More »Niches in the Lawn and Garden Department
More homeowners are taking an interest in adding water elements, like ponds, both inside and outside their homes. In the August issue of Hardware Retailing, we cover unique products and services you can add to the lawn and garden department. To read …
Read More »Independent Hardware Retailers Set Sights on Expansion
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 »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 …
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