The differences between a high-profit home improvement store and a typical operation can be significant, according to facts from the North American Retail Hardware Association’s (NRHA) 2016 Cost of Doing Business Study. A high-profit home improvement store nets 9.2 percent profit …
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Kitchen and bath updates were some of the most popular home remodeling projects in 2016—a trend that can only be good for your business if your operation excels in plumbing. Online home improvement community Houzz surveyed more than 100,000 homeowners …
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For 100 years, the North American Retail Hardware Association (NRHA) has been putting together the Cost of Doing Business Study annually. The study collects financial information from more than 1,000 independent home improvement businesses. From the data industry averages are determined …
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The North American Retail Hardware Association (NRHA) and Independent We Stand released a new study May 9 that provides insight into how much home improvement professionals can impact their communities by buying local. The Home Sweet Home: Pros’ Edition study examines the positive …
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You know who your big-box and online competitors are, but do you truly understand the inner workings of their business? To help independent retailers grasp what’s going on with some of the world’s largest retailers, Hardware Retailing has been compiling packages …
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To view the complete PDF of this story, click here. By Renee Changnon, rchangnon@nrha.org, Kate Klein, kklein@nrha.org, and Melanie Moul, mmoul@nrha.org Target has a reputation: The big-box retailer with flair. The company’s stores are destinations for parents picking up groceries, newly …
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Millions of U.S. households own animals, and on any given day, these owners are in the market for everything from dog sweaters to pet-friendly home renovations. According to the National Association of Realtors, nearly 60 percent of U.S. households own …
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Would you like to know how your store compares to average and high-profit home improvement stores? When you participate in the 2017 Cost of Doing Business Study, the North American Retail Hardware Association (NRHA) will give you free benchmarking tools …
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Hardware Retailing The Industry's Source for Insights and Information
