Hardware Retailing

DEC 2017

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: http://hardwareretailing.epubxp.com/i/904225

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Page 29 of 70

December 2017 | HARDWARE RETAILING 25 L ooking at external factors alone, one might come to the conclusion that 2017 is shaping up into a booming year for the home improvement retailing industry. After all, this year has seen strong performance in the housing sector, lower unemployment, an energized stock market, a relaxation of lending restrictions and a consumer base with no shortage of home improvement ideas. So, why is it that the growth experienced by the industry so far this year has amounted to more of a pop than a boom? Let's start with the weather. This has been a particularly odd season for weather across most of the U.S. Some regions had particularly short winters followed by unusually wet springs and summers. Neither of these conditions favors home improvement projects. In other areas of the country, short winters were followed by incredibly hot and dry spring and summer months where nary a plant would grow (if it were even planted to begin with). While it is not particularly unusual to see weather have a regional impact on home improvement activities, in 2017, there was hardly an area of the country that was immune to some kind of unfavorable weather conditions. In addition to an inhospitable visit from Mother Nature this year, there were other manmade obstacles holding industry growth in check. Market Measure The Industry's Annual Report What We'll Cover 28 Industry Breakdown 29 Chain Results 30 Cost of Doing Business Study 32 Retail Store Performance 34 Financial Profiles 36 Industry Year in Review 38 Housing Market Outlook 40 Economic Outlook 42 Canadian Retail Report The information in this Market Measure was gathered by Hardware Retailing staff from a variety of resources that are attributed throughout. 2017

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