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.

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HARDWARE RETAILING | December 2017 28 2017 Home Improvement Sales by Month (in billions) January $23.9 February $24.1 March $31.5 April $33.8 May $38.6 June $36.3 July $32.6 August (p) $33.0 YTD $253.8 Source: U.S. Department of Commerce/ NAICS 444/Not Seasonally Adjusted 2016-2021 Sales by Type of Store (in billions) 2016 Hardware Stores $45.4 Home Centers $222.8 Lumberyards $89.4 TOTAL $357.6 2017 Hardware Stores $48.2 Home Centers $232.8 Lumberyards $92.6 TOTAL $373.6 2018 Hardware Stores $48.9 Home Centers $244.1 Lumberyards $98.2 TOTAL $391.2 2019 Hardware Stores $51.6 Home Centers $255.3 Lumberyards $102.3 TOTAL $409.2 2020 Hardware Stores $54.1 Home Centers $265.3 Lumberyards $106.5 TOTAL $425.9 2021 Hardware Stores $57.2 Home Centers $275.9 Lumberyards $109.8 TOTAL $442.9 Compound Annual Growth Rate 2016-2021 Hardware Stores 4.7% Home Centers 4.4% Lumberyards 4.2% TOTAL 4.4% Source: NRHA/Hardware Retailing 2016-2021 Outlets 2016 Hardware Stores 19,810 Home Centers 9,790 Lumberyards 9,760 TOTAL 39,360 2017 Hardware Stores 19,850 Home Centers 9,790 Lumberyards 9,760 TOTAL 39,400 2018 Hardware Stores 19,750 Home Centers 9,740 Lumberyards 9,730 TOTAL 39,220 2019 Hardware Stores 19,700 Home Centers 9,720 Lumberyards 9,710 TOTAL 39,130 2020 Hardware Stores 19,700 Home Centers 9,700 Lumberyards 9,690 TOTAL 39,090 2021 Hardware Stores 19,675 Home Centers 9,680 Lumberyards 9,675 TOTAL 39,030 Percent Change 2016-2021 Hardware Stores -0.7% Home Centers -1.1% Lumberyards -0.9% TOTAL -0.8% Source: NRHA/Hardware Retailing Home Improvement Sales Growth 2017 vs. 2016 January 8.6% February 4.2% March 5.3% April 4.4% May 11.5% June 6.1% July 8.1% August 9.8% YTD 7.3% Source: U.S. Department of Commerce/ NAICS 444/Not Seasonally Adjusted Industry Breakdown

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