Summary of 2015’s Colors of the Year Each year, paint manufacturer reveal their colors of the year, creating a grand mix of contradicting color choices. Some manufacturers choose one specific color while others select a broad assortment, creating different palettes. …
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NRHA’s 2015 State of Pricing Study
Hardware Retailing magazine’s March 2015 issue features an article focused on the changes in pricing strategies over the years. The story also discusses how retailers can stay competitive today as variable pricing evolves and dynamic pricing spreads. The full story can be found here. The …
Read More »Hot or Not: Pinning Down the Paint Trends of 2015
To download a PDF of this story, click here. To download the Paint Selling Guide, visit hardwareretailing.com/paint-trends. With the growing popularity of do-it-yourself TV shows, Pinterest projects, YouTube videos and other social sharing sites, today’s consumers are more fashion-forward than ever—devoting more time to testing …
Read More »A New Generation of Pricing: Competing in the Information Era
To download a PDF of this story, click here. Visit hardwareretailing.com/2015pricing-study to view the NRHA’s 2015 State of Pricing Study. Whether you like it or not, today’s consumers have access to detailed pricing information for every item in your store. In fact, in some cases, …
Read More »Consumer Perception of Brand Name and Generic Products
During the recession, many families had to tighten their budgets in a variety of ways, including buying less expensive, generic products. The lifestyle changes have had lasting effects on consumers because people have learned to price shop and found that …
Read More »2015 Prediction: Uptick In Retail Sales
The National Retail Federation predicts that consumers will spend more money in 2015 than last year, with sales rising 4.1 percent. This expected increase would be the biggest sales uptick since 2011, the organization reports in a news release. “Already facing far fewer …
Read More »Welcome to the Neighborhood: Moving and Redoing
As the DIY trend continues to grow, new homebuyers are visiting your stores and tackling projects on their own. In fact, according to the National Association of Realtors, over half of homebuyers completed a home improvement project within three months …
Read More »More Grooms Adding Tools To Wedding Registries
When planning their weddings, many couples head to big box retailers like Macy’s, Target and Bed Bath & Beyond to register for household items such as bed sheets, bath towels and china dishes. Nowadays, wedding registries are available online, and wish lists are …
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