The U.S. economy continues to improve, and home improvement product sales are up — factors that should only bode well for home improvement retailers. Total home improvement product sales increased in 2015, and are expected to grow even more in 2016 and …
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Making Social Media Matter
Social media is as big a part of consumers’ daily lives as TV or radio, and according to a North American Retail Hardware Association (NRHA) poll of 1,000 consumers, 30 percent of shoppers follow local businesses on social media. Social …
Read More »Increasing Interest in Making Home Security Smart
Use of smart home products is constantly increasing, but what products are consumers buying and which ones do they prefer most? An online survey conducted by Harris Poll on behalf of Lowe’s indicates that security cameras are the No. 1 …
Read More »Home Sweet Home Study
In the July 2015 issue of Hardware Retailing, we revealed ground-breaking industry findings on behalf of the North American Retail Hardware Association (NRHA) and Independent We Stand. The data showed that twice as much money is kept in the local …
Read More »8 Trends That Impact Home Value (Infographic)
Take a Look at Retailers’ Habits at Buying Markets
Distributor buying markets are the top ways retailers gather information about new products, product lines and programs, according to data from a 2014 North American Retail Hardware Association (NRHA) study. To better understand retailers’ common practices at distributor buying markets, …
Read More »Hardware Stores Seeing Housewares Sales increase
Housewares sales have dropped overall in the U.S., but home improvement stores have increased market share for the category. Annual U.S. housewares expenditures slowed to 2.3-percent growth between 2013 and 2014, down from 5.9-percent growth between 2012 and 2013, according …
Read More »Tech Gets Bigger, Especially in Home Security
Home automation technology is an ever-growing retail segment, and products for home security and other house improvements are top sellers worldwide. Home security systems produced the most revenue –$1.51 billion–of all home automation products in a market that is growing rapidly, …
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