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Operations

10 Ways to Conquer a New Location

store expansion

Earlier this year, Scott Ward, co-owner of the Fix and Feed family of farm and hardware stores, opened a store in Quinlan, Texas, which is the company’s fourth location in the state. While you don’t need superpowers to pull off …

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10 Retail Lessons From Great Recipes for Your Business

retail lessons

On the surface, you might not think great recipes can teach you much about how to run your independent home improvement business. In fact, your family’s cherished recipes provide fantastic insights into the finer points of retail excellence. Review these …

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How I Did It: Began Operating a 24/7 Store

PRO HARDWARE

Trust PRO Hardware in Indianapolis has an unusual claim to fame in the home improvement industry: 24/7 hours. Owner Adam Taylor opened the store in 2012 in a 3,200-square-foot space. Early on, he experimented with operating between 5 a.m. and …

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In Case You Missed It: Great Lessons From the Past Year of Hardware Retailing

independent home improvement business

Operating an independent home improvement business is no small feat. Even though your store hours may say one thing, you know that thinking of how to better your operation doesn’t stop, even when the doors are locked and the lights …

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10 Ways NRHA Helps You Solve the Retail Puzzle

nrha

Running a successful home improvement business requires a lot of time and energy. In addition to stocking the shelves with innovative new products, you also need to educate your staff, hone your leadership skills and find ways to stand out …

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10 Ways to Improve Your Carbon Footprint

recycling bin

Lowering your carbon footprint isn’t just good for the environment; it could also save you money. Many shoppers may even favor a retailer who shows a desire to recycle or reduce energy usage. Here are 10 ways your business can …

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Now Available: 2019 Cost of Doing Business Study

2019 cost of doing business study

Understanding how your business compares to similar operations is a crucial step in mastering your finances and planning for future success. Each year, the North American Retail Hardware Association (NRHA) surveys thousands of retailers to deliver that knowledge to independent …

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Inside the Acquisition Strategy of Gordon’s Ace Hardware

acquisition strategy

Mergers and acquisitions are powerful forces in home improvement retail. The rate by which they’re completed has risen by 58 percent in the U.S. in the last decade, and in 2017, the total of all such deals amounted to $1.9 …

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