How did business change for Do it Best in 2022 compared to 2021? There were several notable business changes over the last year. We announced a major e-commerce initiative that will put our members in an even stronger position in-store …
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Industry Insights: Forward Thinking With John Venhuizen
What were some challenges in 2022 and how did Ace address them? Inflation is a beast and the “tools” to tackle it—Federal Reserve tightening and interest rate hikes—are all designed toward demand degradation. In uncertain times like these, the natural …
Read More »Promote These Projects to Capture Gen Z DIYers
Some skills are learned over a lifetime, so for younger generations, like Gen Z, developing DIY skills is still to come. Being aware of and promoting the skills where Gen Zers are lacking, along with the products they need to accomplish …
Read More »Market Measure 2023: The Industry’s Annual Report
While we have all grown somewhat hardened to hearing terms like “uncertainty” and “unprecedented” over the past two years, as we close the books on 2022, we are still left trying to accurately define what the home improvement market is …
Read More »NHPA Independent Retailer Index Shows Increases in Transaction Size, Total Sales and Inventory Investment for Q2
The North American Hardware and Paint Association (NHPA), in partnership with The Farnsworth Group, has released results from the first Independent Retailer Index, a quarterly survey that measures key performance indicators in the independent home improvement channel. In a survey …
Read More »Levan Center Offers Cybersecurity Training Range
In an ever-increasing technological world, cybersecurity attacks can impact any business. The Hiscox Cyber Readiness Report 2022 shows that 48% of organizations across the U.S. and Europe experienced a cyber attack in the past 12 months, despite businesses expanding their …
Read More »2022 Cost of Doing Business Study Now Available
NHPA’s 2022 Cost of Doing Business Study is now available. For more than 100 years, independent home improvement retailers have trusted this annual benchmarking tool to understand how their businesses compare financially to typical and high-profit operations and strategize for …
Read More »Why New Movers Make Good Customers
According to V12’s 2021 New Mover Trends Report, 83% of new movers take on home improvement projects and 64% purchase home improvement items before their move. As consumers relocate, retailers have the opportunity to gain new customers and cash in …
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