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Participate in the 2016 Cost of Doing Business Study

As your association, the North American Retail Hardware Association (NRHA) strives to provide quality resources to help you better run your business, which is why it conducts the annual Cost of Doing Business Study. The study is comprised of data confidentially gathered from more than 1,000 stores across the country and is still the only inclusive benchmarking study specific to the home improvement industry.

We are asking for your participation this year so we can grow our sample size and provide you with robust and accurate data.

 There are Five Easy Ways to Participate:

  1. Click here to complete this online submission form or upload your financial documents.
  2. Email your Company Information and 2015 year-end financial statements to dgowan@nrha.org.
  3. Print and complete this survey and then mail it to:
    NRHA 136 N. Delaware St. #200 Indianapolis, IN.
  4. Fill out the survey’s Company Information section and attach a copy of your 2015 year-end financial statements and mail to:
    NRHA 136 N. Delaware St. #200 Indianapolis, IN.
  5. Fax your Company Information and financial documents to 317.275.9403.

 What Do You Get for Participating?

You will receive a robust, free Personalized Financial Analysis that includes:

  • WHAT-IF SCENARIOS: This section provides a summary of the information you submitted and you can use it to create “what-if” scenarios. For example, if you think the cost of inventory may increase by 1 percent in the coming year, you can manipulate other areas, such as decreasing payroll, to see what changes need to be made to preserve net profit.
  • COMPOSITE FINANCIAL STATEMENTS: These pages provide financial statements for typical and high-profit stores, including your store’s financials for comparison.
  • STRATEGIC PROFIT MODEL: This section combines the principal elements of the income statement and balance sheet in a profit-planning equation so you can compare your results to both typical and high-profit stores.
  • YOUR RATIOS: This section includes your financial ratios along with a summary of the ratios used within study.

The deadline for participating in this year’s Cost of Doing Business Study is June 30, 2016. Don’t miss the opportunity to be a part of a this impactful study!

About Sara Logel

As NRHA’s market research analyst, Sara conducts organic research and stays abreast of industry trends to help hardware retailers better run their business. Sara also contributes to editorial content in Hardware Retailing magazine. Sara received her B.S. in Marketing and Spanish from Butler University and, after graduation, began her career with NRHA. Sara enjoys traveling, being outdoors and exploring the city of Indianapolis.

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