After a year of record sales and renewed interest in the home improvement channel, take a moment to review some of the latest industry data to better understand your DIY and pro customers. The Farnsworth Group has released new research …
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US LBM to Acquire American Construction Source
US LBM announced that it has reached an agreement to acquire American Construction Source (ACS), a leading national building materials distribution platform for custom home builders and repair and remodel contractors. ACS’s portfolio includes multiple locally branded building material distributors …
Read More »Ace Hardware Posts Record Q1 Financial Results
After confirming record-breaking fiscal year 2020 financial results, Ace Hardware is continuing to reach new heights by posting record first-quarter revenues in 2021. Total revenue for the company hit $2 billion, a 42 percent increase from the first quarter of …
Read More »Light, Bright and Smart: Lawn, Garden and Outdoor Living Trends for 2021
While the pandemic has caused major disruptions, it’s also led to a boom in the lawn and garden industry, as consumers turned to outdoor spaces as places of sanctuary and spent money meant for travel and other activities on their …
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 »Benchmark Your Business With the Cost of Doing Business Study
The North American Hardware and Paint Association (NHPA) is now inviting hardware stores, home centers, lumberyards and paint and decorating retailers in the U.S. to participate in the 2021 Cost of Doing Business Study. For more than 100 years, NHPA …
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 »National Hardware Show Reimagines Experience With New Digital Component
The National Hardware Show® (NHS) will return to the Las Vegas Convention Center Oct. 21-23, 2021 for its 75th edition. Not only will the Show take place in the Convention Center’s new West Hall, it will also offer updated health …
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