While the supply chain woes seen during the pandemic have mostly worked themselves out, pricing will always be a priority for independent home improvement retailers. Often, however, pricing strategies in place for other industries don’t fit the needs of the …
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Ahead of the Do it Best Spring 2024 Market in Houston, Hardware Retailing had the opportunity to talk to vice president of merchandising Jason Stofleth. Learn more about the co-op’s strategies for helping retailers navigate inventory and increase foot traffic …
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If you’re not making price changes today, you may not be in business tomorrow. That’s the stark reality of a market plagued by higher-than-normal inflation and supply chain issues. When cost outruns the shelf price, retailers who fail to keep …
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Understanding how to effectively set prices could be intimidating for a new manager. Like many facets of retailing, pricing strategy is part art and part science. How a retailer sets prices will have a direct impact on the viability of …
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Whether it was the Kansas City Chiefs home opener win on Thursday night, the product assortments, the pricing, or a combination of everything, spirits were high on the floor of the Blish-Mize Fall Market in Overland Park, Kansas over the …
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To improves its pricing strategy, home improvement chain Northern Tool + Equipment has partnered with Revionics, an Aptos Company, as its intelligent pricing platform. Revionics specializes in pricing, promotions and advanced analytics solutions. Northern Tool + Equipment will use the …
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Jackson Center PRO Hardware is making an art of competitive pricing. The Jackson Center, Ohio, store currently has about 3,000 square feet of selling space, but the size isn’t preventing it from beating the big boxes on quality and price. …
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What’s your training goal for the new year? The North American Retail Hardware Association (NRHA) makes executing a plan easy, no matter how many team members you have or where there are opportunities in your operation for additional education. Here …
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