Sales in 2015 grew by 5.81 percent, with the typical hardware store seeing a 2.9 percent profit increase; and, high-profit hardware stores outperformed with a 7.1 percent profit increase. The contributing factors for the high profit stores include higher customer …
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Both home sales and home prices were on the rise throughout the U.S. in the third quarter, according to the National Association of Realtors. Total existing-home sales, including for single-family houses and condominiums, increased 3.4 percent from the second quarter to the third …
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Because the holiday season is right around the corner, consumers will be emptying their wallets at retail stores across the country. Last November and December alone, consumers spent more than $616.1 billion, according to data from the National Retail Federation. The holiday …
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After about nine months of public scrutiny and a leadership overhaul, Lumber Liquidators has named a new CEO to lead a company turnaround. The new CEO, John Presley, was chairman of the lumber discounter’s board of directors and will remain a …
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The 15th annual 2015 China International Hardware Show (CIHS) concluded at the end of October in Shanghai, China, and continues on a growth trajectory. If you’re interested in international insight into the home improvement industry, mark your calendars for Oct. 21-23, 2016. The growing …
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House-Hasson Hardware’s acquisition of Long-Lewis Hardware has brought key changes to both companies. House-Hasson has received a new regional manager; 10 new sales staff members; and 150, 18-wheeler truckloads of merchandise placed on warehouse shelves to sell. “This was an …
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The year 2015 is coming to a close, which means it’s time for business owners to think about renewing or purchasing a health insurance plan for the coming year. NRHA’s health insurance expert Bob Chiesa, president of Custom Benefits Insurance …
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Hensel’s Ace Hardware has taken an unusual approach to store layout, and owning two buildings in the heart of their city makes that possible. As the Arcata, California, business has grown, it has steadily moved into more of the town’s …
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