Do you know how your operation stacks up against typical and high-performing retailers? NRHA is now collecting information from independent U.S. hardware stores, home improvement centers and lumberyards for the 2020 Cost of Doing Business Study.
From sales per square foot to sales per customer, the study can give you insight into your operation’s financials and help you strategize for the future. Check out these three reasons why you should participate and then click here to get started.
1. The Cost of Doing Business Study can help you identify new financial opportunities for your business. You’ll gain access to the results of the study along with a personalized analysis of your business.
2. Your participation will help improve the study’s results—which benefits independent retailers like you. The more retailers that participate in the study, the stronger and more reliable the data will be.
3. Participating in the study is free and confidential. You can easily submit your information in a matter of minutes.
What is the Cost of Doing Business Study?
Conducted annually for more than 100 years, the study looks at financial data from more than 1,000 stores across the country and is the independent home improvement channel’s only inclusive, industry-specific benchmarking tool. Business owners can use it to compare their financial performance to industry averages in areas including sales, profits, operating expenses and more. The deadline to participate in this year’s Cost of Doing Business Study is July 15.