Industry Analysis & Industry Trends
The industry will continue to face challenges, despite an improving economy. Competition from big-box home improvement stores will threaten operators, with consumers choosing to make purchases from stores that offer a large variety of products and convenience. The recovering housing market will boost demand, however, as consumers look to repair or improve their homes and purchase hardware from industry operators... 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 in order 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