Industry Analysis & Industry Trends
The Hardware Stores industry has steadily recovered from the hammering it endured during the recession. As the housing market has become healthier and consumers have been more confident, individuals have increasingly returned to improving and updating their homes. Low mortgage rates have also enabled many individuals to become homeowners, which increased demand for industry products. In the five years to 2021, the recovering housing market and increased spending on home improvement projects will help boost industry demand. However, persistent competition from external sources, including big-box retailers and home improvement stores, will keep profit margins low... purchase to read more
Industry Report - Industry Investment Chapter
Capital expenditure for this industry comes in the form of fixtures and fittings, such as display shelves and cash registers. Most stores have implemented or installed point of sales (POS) systems over the past decade which has increased the level of capital expenditure in the industry. Cash registers recorded sales prior to this technology. The introduction of POS systems has simplified labor tasks and minimized the number of employee mistakes. Retailers have also increased their capital expenditures to introduce, develop and maintain websites for online sales.
Labor represents one of the largest costs for hardware stores. Duties undertaken by employees include customer service, purchase processing, warehousing and display construction and maintenance... purchase to read more