Market research firms The Farnsworth Group and the Home Improvement Research Institute have released their final COVID-19 tracker report, highlighting the many ways in which the pandemic has affected home improvement DIYers and pros. Take a look at the latest …
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NRF Projects 2021 Retail Sales to Top $4.4T
The National Retail Federation (NRF) is upwardly revising its estimate on how much consumers will spend across retail sectors in 2021. The organization’s new estimate now stands at $4.4 trillion, and the NRF expects sales to grow between 10.5 and …
Read More »Webinar: Learn the Latest on Inventory Management
What long-term effects will the pandemic have on the way retailers manage their inventory? The North American Hardware and Paint Association (NHPA) invites all members of the independent home improvement, paint and decorating industry to the upcoming Inventory Management webinar …
Read More »April U.S. Home Improvement Sales Jump 33% From 2020
U.S. home improvement sales (NAICS 444) stood at $43.2 billion in April, down slightly from $43.4 billion in March, new data from the U.S. Census Bureau shows. However, sales for the sector are roughly 33 percent higher than one year …
Read More »Understanding New DIY Shopping Preferences
Building materials marketing firm Venveo and market research firm The Farnsworth Group are releasing new data highlighting how DIY purchase behaviors have changed in the past year. After surveying nearly 1,000 DIYers, the insight into DIY purchasing and shopping preferences …
Read More »On the Web: May 2021
There’s much more to discover from the May 2021 edition of Hardware Retailing. Browse the links below to uncover new innovations, trends and resources to lead your operation to success.
Read More »U.S. Small Businesses Offered Tax Credit to Offset Vaccine Costs
President Biden is urging all employers to offer paid time off for employees to receive or recover from the COVID-19 vaccine by offering a special tax credit to offset those costs. Signed into law as part of the American Rescue …
Read More »Home Construction & Design Pros Feel Q2 Confidence
Residential construction and design businesses are reporting confidence for home renovation activity in the second quarter of the year, according to online design platform Houzz. The company’s second-quarter Houzz Barometer tracks residential renovation market expectations, project backlogs and recent activity …
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