Rural lifestyle chain Tractor Supply Co. reports record sales and profits in the third quarter of 2020, including a 31.4 percent rise in net sales during the period. In total, net sales for the three-month period ending Sept. 26 amounted …
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Discover What’s Truly Essential in Customer Service
Last month, Hardware Retailing explored how two retailers shifted their operations to keep customers and employees safe during the first months of COVID-19’s retail impact. From establishing new workflows to leaning into digital communication, Connolly’s Do it Best in Fort …
Read More »PPG Reports $3.7B in Q3 Net Sales
Pittsburgh-based paint manufacturer PPG has reported its third-quarter 2020 financial results, recording $3.7 billion in net sales, a 4 percent drop from the same period in 2019. Net income from continuing operations for PPG hit $442 million. Selling prices rose …
Read More »Latest Houzz Data Highlights Home Improvement Strength
New data from home renovation and design platform Houzz suggests the home improvement market has recovered to pre-pandemic activity levels, reporting the strongest construction activity since the third quarter of 2018. “The results from the Houzz Q4 Renovation Barometer show …
Read More »Webinar: Charting COVID-19’s Home Improvement Impact
The North American Hardware and Paint Association (NHPA) recently hosted an in-depth webinar on the impact COVID-19 has had on the home improvement channel. Sponsored by Epicor, the webinar was an opportunity for all members of the home improvement industry …
Read More »New Data Reveals What’s Motivating DIY Projects
New data from market research firm Consumer Specialists is shedding light on exactly how COVID-19 has impacted DIYers’ home improvement habits. The report is based on research conducted by Consumer Specialists with a nationally representative sample of more than 600 …
Read More »Analyzing U.S. Unemployment Rates in 2020
One of COVID-19’s biggest impacts on retail is the unemployment rate it has left in its wake. In January, U.S. unemployment stood at 3.6 percent, but rose sharply by April to 14.7 percent as the pandemic forced many businesses to …
Read More »Solidify Your Strategy to Reach Customers Amid COVID-19
Marketing your business strategically is more important than ever as customers quickly adopt new shopping habits and view the retail experience through a new lens of safety and security during the pandemic. The Association of National Advertisers (ANA) recently published …
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