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U.S. Economy Grows 1.6% in Q2

u.s. economy

The U.S. economy has returned to pre-pandemic levels as gross domestic product (GDP) grew 1.6 percent in the second quarter, The New York  Times reports. Compared to the second quarter of 2020, GDP grew 6.5 percent. Housing accounted for roughly …

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Canadian Retailers Welcome Higher Sales, New Opportunities

Canadian News Report

Throughout the COVID-19 pandemic, the Canadian retail home improvement market experienced many of the same challenges encountered in the U.S., while also observing the same surge in spending. North America proved to be a great market for home improvement spending. …

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Register Now for the NHPA All-Industry Conference

Las Vegas Convention Center

Independent home improvement retailers and channel partners are invited to attend the NHPA All-Industry Conference Oct. 21-23 at the newly renovated Las Vegas Convention Center in Las Vegas. Click here to register. The conference, co-located with the National Hardware Show, …

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R.P. Lumber Acquires 2 Malcom Lumber Locations

R.P. Lumber

R.P. Lumber, a family-owned Midwest hardware and building materials retailer, recently purchased two Malcom Lumber locations in Grinnell and Oskaloosa, Iowa, expanding its reach in the state. The chain opened its first Iowa location and 72nd store in February 2021 …

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NKBA Releases 2021 Kitchen & Bath Market Outlook

NKBA outlook

The National Kitchen & Bath Association (NKBA) released its 2021 Kitchen & Bath Market Outlook in January and recently added a July update to the report. The report provides a thorough assessment of the U.S. residential kitchen and bath industry …

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Houzz Study Reveals Continued Consumer Confidence

Houzz Renovation Barometer

Since 2015, Houzz, the leading platform for home remodeling and design, has been tracking residential renovation market expectations, project backlogs and recent activity among businesses in the construction sector and architectural and design services sector through its Renovation Barometer. The …

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PPG Reports Another Record-Breaking Quarter of Sales

PPG sales

Net sales for PPG hit $4.4 billion in the second quarter of 2021, up nearly 45 percent from the same quarter in 2020. Sales volume was up 24 percent over the previous year thanks to a strong demand recovery across …

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NRF Expects Record-Breaking Back-to-School Spending in 2021

back-to-school spending NRF

According to a National Retail Federation (NRF) back-to-school spending survey conducted by Prosper Insights & Analytics, consumers plan to spend record amounts for school and college supplies as families and students look to return to in-person classrooms this fall. “The …

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