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Operations

Using GMROI to Improve Your Business

The annual Cost of Doing Business Study from the North American Retail Hardware Association (NRHA) is the industry’s only inclusive benchmarking study and has been conducted annually for more than 100 years. The study provides detailed financial information from hardware stores, home centers …

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NRHA Abroad: Small Stores, Big Business

Impulse Selling

“Oh, that bag of chips looks good. I think I’m in the mood for something salty. I’m also kind of thirsty, or I might be later. Maybe I should grab a water bottle.” This is what many of your customers …

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Change of Plans for Overtime Law

overtime law

U.S. business owners who were preparing to pay extra for employees who work overtime don’t have to make changes—yet. Modified overtime laws were scheduled to take effect Dec. 1, but a federal judge’s Nov. 22 order has paused implementation of the new rules throughout the …

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Retailer Donates Dead Inventory

Some stores get rid of dead inventory by having liquidation sales, or putting products in a dump bin or on a clearance table at the front of the store. Woods Hardware doesn’t have room for that. With a 1,500-square-foot salesfloor, …

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Giving Back to Employees This Season

Employees who work hard for you all year appreciate a “thank you” once in a while. While you can certainly do that any time of the year, the Christmas season is one of the best times to do a little …

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Exclusive Q&A: True Value Exec Talks Ship-to-Consumer

true value

Today’s retailer has more competition than ever. Not only are big-box chains still a factor, but retailers also have to face consumers turning to e-commerce platforms like Amazon for a quick and easy shopping experience. To help their retail members remain …

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5 Post-Election Changes for Businesses

election

The election is over, so what’s next for businesses in the coming years? Donald Trump is the next president, some states are increasing minimum wages and a variety of other changes are ahead for U.S. companies. Do you know what to expect?  Inc. magazine offers …

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Customers Are Redefining What Fast Delivery Means

delivery

Two days. That’s how much time you have to get orders onto customers’ doorsteps if you want them to think your delivery is quick. The number of customers who say three- to four-day shipping is fast dropped from 63 percent to 42 …

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