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Home Improvement Momentum Continues in May

diy momentum

After a year of record sales and renewed interest in the home improvement channel, take a moment to review some of the latest industry data to better understand your DIY and pro customers. The Farnsworth Group has released new research …

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Webinar: Learn the Latest on Inventory Management

Inventory Management Webinar

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

ace hardware revenues

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 …

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April U.S. Home Improvement Sales Jump 33% From 2020

Home Improvement Sales

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 …

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Understanding New DIY Shopping Preferences

DIY smiling man grinding handrail

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 …

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3 Reasons to Welcome Pets Into Your Store

Pets in 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 …

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U.S. Small Businesses Offered Tax Credit to Offset Vaccine Costs

covid-19 tax credits

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 …

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4 Ways Leading Diverse Teams Strengthens Your Business

leading diverse teams

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 …

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