News | NRHA estimation


Four per cent growth of the US home improvement sales

Last year, US home improvement sales increased by four per cent, NRHA estimates.

Last year, US home improvement sales increased by four per cent, NRHA estimates.

Home improvement sales in the USA amounted to USD 407.1 bn (EUR 363.7 bn) in 2019 according to an estimation and have therefore grown by around 4.0 per cent. These figures have been published by the North American Retail Hardware Association (NRHA) in its Hardware Retailing journal. They roughly agree with the estimations of the US Department of Commerce.

However the number of stores continues to decline, although not as strongly as in previous years. According to the NRHA the number has dropped by 140 to around 38 480 stores. Of these, 19 100 are hardware stores, 9 730 home centres and 9 650 lumber yards.

One of the most significant trends NRHA observed in the last several years is the growth of multi-store operations, as many successful single-store operators added other stores when their owners got ready to retire. Today there are many retailers operating small clusters of stores - two to half a dozen, typically. This is a very significant difference in the US hardware industry from a decade or two ago, according to NRHA.

| 7 January 2020


Post a comment

* Please complete the areas marked in red correctly and in full!.

(will not be published)

* obligatory fields

Latest news

Eric Béchu switches from Leroy Merlin to the helm of Weldom

Weldom has a new boss. Eric Béchu has been CEO of the French DIY store chain since January. He has moved within the Adeo Group because he previously View news...

Mr. Bricolage members increase sales by two per cent

The strategic plan "Rebond" by the French cooperative Mr. Bricolage appears to be having an effect. At least that's how the company View news...

Mr. Bricolage has sold almost all 65 own stores

The stricken French home improvement retail cooperative Mr. Bricolage has now sold 59 of its 65 stores owned by the headquarters. 49 of the locations View news...

Marisa F. Thalberg will head the marketing of Lowe’s in future

Lowe's announces the appointment of Marisa F. Thalberg as executive vice president, chief brand and marketing officer. Thalberg joins the company View news...