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Tag Archives: economy

Sears to Try Smaller Store Format

sears

Sears has big plans for some small stores. If a pilot program goes well, then Sears Holdings Corp. will add a store format that is much smaller than its stores have been in the past, according to an article from ... Read More »

Retailer: ‘Don’t Panic; Plan’ for Minimum Wage Hikes

Minimum Wage

Since California and New York approved minimum wage increases this month, minimum wage is fresh on business owners’ minds. But increases–even up to a $15 base wage–aren’t cause for intense anxiety, says Gina Schaefer, who owns A Few Cool Hardware Stores’ 11 locations in Washington, D.C., ... Read More »

Staying Competitive, Not Lowest, on Price

Before they felt the pressure of the economic downturn in 2008, consumers considered the convenience of a store’s location as more important than price–but the recession changed that. Price became the top factor in choosing a store, and consumers placed a higher priority ... Read More »

More and More Millennials Are Heading to Suburbia

In the past few years, we’ve seen millennials who, after graduating from college, have chosen to live downtown or in an urban area (usually renting an apartment in the neighborhood of their choice). There’s plenty of nightlife and other activities ... Read More »

A 2016 Outlook on Home Improvement Product Sales

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 ... Read More »

ARA Predicts Stable Growth for the Equipment Rental Industry

Growth Rental Equipment

According to the latest forecast released by the American Rental Association (ARA), the equipment rental industry should experience stable growth through the next few years. Reflecting the continued growth in residential and nonresidential construction combined with a downward shift in ... Read More »

Sales Continue to Rise for Home Depot and Lowe’s

Rise

Last week, big box retailers Home Depot and Lowe’s both announced their fourth-quarter revenues with sales growth that suggests consumers are increasingly spending money on home improvement purchases. Read the following articles for more details on the companies’ financial performance: Home Depot’s ... Read More »

Small Business Owners Look to the Year Ahead

What will the small business landscape look like in 2016? That’s what Manta’s Semi-Annual Wellness Index asked small business owners when they asked them to evaluate their businesses and share what issues they expect to cause concern in 2016, according ... Read More »