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Research and Guides

2017 Cost of Doing Business Study Now Available

Cost of Doing Business Study

Data from the 2017 Cost of Doing Business Study shows that at a typical independent home improvement store, the average customer spends $22 per transaction. At a high-profit store, that number jumps to $30 per sale. When was the last time …

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Increasing the Salesfloor Efficiency at Tarzian Hardware

Neal Aissa Tarzian Hardware Brooklyn, New York Numbers to Watch: Sales Per Square Foot, Gross Margin Per Square Foot, Inventory Per Square Foot The Challenge Operating a 3,500-square-foot hardware store within walking distance of two big-box retailers means Neal Aissa, …

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Survey: How Does Your Employee Compensation Compare?

Employee Compensation

Do you know how much businesses similar to yours are paying their cashiers or how much they spend on workers’ health insurance? Employee compensation is a massive investment for your operation. Knowing what your peers throughout the industry are doing …

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2017 Cost of Doing Business Study Deadline Extended

Cost of Doing Business Study deadline

Retailers now have until July 7 to submit data for the North American Retail Hardware Association’s (NRHA) 2017 Cost of Doing Business Study. The association has extended the Cost of Doing Business Study deadline this year in hopes of maximizing participation for …

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Building Homes, Building Communities

home sweet home pros' edition

To view a PDF of this story, click here. By Dan Tratensek Study Highlights the Positive Impact of Local Sourcing Drive through just about any neighborhood in any state, from Pennsylvania to Oregon, and you’re likely to see homes being …

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Help Pros Shop Local With Home Sweet Home Pros’ Edition Signage

home sweet home pros' edition

In the July 2017 issue of Hardware Retailing, the North American Hardware and Paint Association (NHPA) and Independent We Stand debuted the their latest joint research project, the Home Sweet Home Pros’ Edition study. The study found that for every dollar pros spend at independent …

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Retailers, Consumers Agree: Made in America Matters

To view a PDF of this story and check out more data, click here. Independent home improvement retailers are emphasizing their made-in-America product offerings, and customers are demonstrating that the emphasis hits home for them. A large portion of retailers …

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Quarter 1 Economic Indicators Show Upswing

The first quarter of 2017 continued 2016’s upward swing, key U.S. economic indicators show. The largest spike was in consumer confidence. The March 2017 score was 125.6, the highest level since December 2000, The Conference Board reports. That growth helped …

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