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Tag Archives: research

How Does Your Business Compare to a High-Profit Store?

high-profit store

The differences between a high-profit home improvement store and a typical operation can be significant, according to facts from the North American Retail Hardware Association’s (NRHA) 2016 Cost of Doing Business Study. A high-profit home improvement store nets 9.2 percent profit ... Read More »

Prioritize Style and Function in Plumbing

Kitchen and bath updates were some of the most popular home remodeling projects in 2016—a trend that can only be good for your business if your operation excels in plumbing. Online home improvement community Houzz surveyed more than 100,000 homeowners ... Read More »

Retailers Speak on Financial Industry Research

Cost of Doing Business

For 100 years, the North American Retail Hardware Association (NRHA) has been putting together the Cost of Doing Business Study annually. The study collects financial information from more than 1,000 independent home improvement businesses. From the data industry averages are determined ... Read More »

New Study: When Pros Buy Local, Communities Benefit

Home Sweet Home

The North American Retail Hardware Association (NRHA) and Independent We Stand released a new study May 9 that provides insight into how much home improvement professionals can impact their communities by buying local. The Home Sweet Home: Pros’ Edition study examines the positive ... Read More »

360-Degree Views: Amazon, Tractor Supply, Walmart and Target

360

You know who your big-box and online competitors are, but do you truly understand the inner workings of their business? To help independent retailers grasp what’s going on with some of the world’s largest retailers, Hardware Retailing has been compiling packages ... Read More »

A 360-Degree View of Target

next-day delivery

To view the complete PDF of this story, click here. By Renee Changnon, rchangnon@nrha.org, Kate Klein, kklein@nrha.org, and Melanie Moul, mmoul@nrha.org  Target has a reputation: The big-box retailer with flair. The company’s stores are destinations for parents picking up groceries, newly ... Read More »

Selling to Animal Owners, Even if Pet Products Aren’t Your Niche

pet products

Millions of U.S. households own animals, and on any given day, these owners are in the market for everything from dog sweaters to pet-friendly home renovations. According to the National Association of Realtors, nearly 60 percent of U.S. households own ... Read More »

2017 Cost of Doing Business Study: What’s In It for You?

Cost of Doing Business

Would you like to know how your store compares to average and high-profit home improvement stores? When you participate in the 2017 Cost of Doing Business Study, the North American Retail Hardware Association (NRHA) will give you free benchmarking tools ... Read More »