During the 2020 holiday shopping season, the North American Hardware and Paint Association (NHPA) is striving to keep independent home improvement retailers informed of the latest COVID-19 guidance. Take a moment to review a state-by-state overview of current restrictions on …
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Timely Tech Investments Pay Off for Washington Lumberyard
In the early days of March, Cheryl Brown and the Knudson Lumber team in the Kittitas Valley of Washington were busy putting the final touches on a new addition to the 80-year-old family business: an e-commerce site. Since 1940, Knudson …
Read More »Market Measure 2020: The Industry’s Annual Report
Years from now, when our children and grandchildren are studying history, there will almost certainly be a chapter in their virtual textbooks that focuses on 2020. One might easily argue that 2020 will be remembered among the most influential years …
Read More »2020 Holiday Sales Expected to Climb 5.2%
The traditionally busy shopping season from Thanksgiving Day in the U.S. to Cyber Monday has looked quite a bit different in 2020. The Associated Press reports the COVID-19 pandemic kept in-person Black Friday shopping crowds thin, but a surge in …
Read More »Engaging Customers Through Curbside Pickup
Recently, the National Retail Federation (NRF) spoke with Ron Lutz, chief retail officer at strategy firm Miller Zell. Lutz discussed how retailers can truly engage customers, even during social distancing and curbside pickups, which have grown increasingly common for home …
Read More »Do it Best Announces Spring Market Plans
Do it Best Corp. has announced its plan to continue the virtual market format for its Spring 2021 event after the success the co-op had with its Fall 2020 market. The market will take place online from March 7 to …
Read More »Ace Hardware Achieves Record Q3 Revenue
Ace Hardware Corp. reported record third-quarter 2020 revenues, showing the ongoing growth of same-store and online sales during the COVID-19 pandemic. The growth in the third quarter follows a very strong second quarter, which was strongly shaped by consumer’s pandemic …
Read More »Lowe’s Records $22.3B in Q3 2020 Sales
Big-box home improvement chain Lowe’s has announced its third-quarter 2020 financial results, reporting $22.3 billion in sales for the quarter, about 28 percent higher than in the same period in 2019. Net earnings for Lowe’s amounted to $692 million, down …
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