What long-term effects will the pandemic have on the way retailers manage their inventory? The North American Hardware and Paint Association (NHPA) invites all members of the independent home improvement, paint and decorating industry to the upcoming Inventory Management webinar …
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Ace Hardware Posts Record Q1 Financial Results
After confirming record-breaking fiscal year 2020 financial results, Ace Hardware is continuing to reach new heights by posting record first-quarter revenues in 2021. Total revenue for the company hit $2 billion, a 42 percent increase from the first quarter of …
Read More »April U.S. Home Improvement Sales Jump 33% From 2020
U.S. home improvement sales (NAICS 444) stood at $43.2 billion in April, down slightly from $43.4 billion in March, new data from the U.S. Census Bureau shows. However, sales for the sector are roughly 33 percent higher than one year …
Read More »Understanding New DIY Shopping Preferences
Building materials marketing firm Venveo and market research firm The Farnsworth Group are releasing new data highlighting how DIY purchase behaviors have changed in the past year. After surveying nearly 1,000 DIYers, the insight into DIY purchasing and shopping preferences …
Read More »3 Reasons to Welcome Pets Into Your Store
Going beyond stocking its shelves with pet products, Strosniders Hardware has welcomed furry friends into its stores. Strosniders, which has three locations in Maryland, has allowed customers to bring pets into its locations for about 15 years, a policy that …
Read More »U.S. Small Businesses Offered Tax Credit to Offset Vaccine Costs
President Biden is urging all employers to offer paid time off for employees to receive or recover from the COVID-19 vaccine by offering a special tax credit to offset those costs. Signed into law as part of the American Rescue …
Read More »4 Ways Leading Diverse Teams Strengthens Your Business
Retailers from all over North America came together last week to attend the North American Hardware and Paint Association’s webinar focused on the power and opportunity leading diverse teams brings independent home improvement retailers. The webinar was presented in real …
Read More »Home Construction & Design Pros Feel Q2 Confidence
Residential construction and design businesses are reporting confidence for home renovation activity in the second quarter of the year, according to online design platform Houzz. The company’s second-quarter Houzz Barometer tracks residential renovation market expectations, project backlogs and recent activity …
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