Industry Analysis & Industry Trends
Home improvement stores are starting to recover as consumers invest in renovations and remodeling again. Improvements in consumer sentiment, disposable incomes and housing markets have boosted purchases of industry products, but intensifying price competition and the continued dominance of the industry's top players keep profit down. In addition, the do-it-for-me market offers an opportunity for growth, particularly for operators that provide additional services like installation... purchase to read more
Industry Report - Industry Analysis Chapter
America's home renovation market is in need of repair. Once thought to be immune to changes in spending, the Home Improvement Stores industry's growth has slowed significantly during the five years to 2013. Because 77.0% of sales are generated from the sale of home improvement items, demand has been severely affected by a dismal drop in consumer sentiment since the housing market collapse. Revenue is expected to rise at an annualized rate of only 0.5% over the five years to 2013, totaling $164.4 billion.
Homeownership rates significantly influence industry demand; the more people who own homes, the more consumers there are who need supplies for repairs and renovations. Demand is also supported by new construction, since contractors and homebuilders need supplies and tools... purchase to read more