News | NRHA estimation 2018

Back

Hardware retail of the US reaches a 5.5 per cent growth

According to estimates by Hardware Retailing, the publication of the North American Retail Hardware Association (NRHA), the hardware retail industry in the USA made sales of USD 394.0 bn in the year 2018, which is now drawing to a close. That would be an increase of 5.5 per cent. Almost a quarter - slightly more than USD 100.9 bn - is accounted for by market leader Home Depot, Lowe's reaches USD 68.6 bn. However included in these figures are also the international sales by these companies. Menards follows with considerable distance and sales of USD 10.0 bn.

In terms of sales channels there is the following breakdown: home centres represent USD 245.5 bn, lumber and building material dealers made sales of USD 97.7 bn and hardware stores USD 50.8 bn.

The NRHA estimates that the number of stores has practically remained the same compared to the previous year. Thus, there are currently around 19 250 hardware stores, 9 785 home centres and 9 730 lumber and building material dealers, so around 38 795 stores in total.

Two chains have been newly included in the analysis. The first is Tractor Supply with sales of USD 7.3 bn and 1 725 stores. It targets farmers and suburban customers with large gardens or yards and are frequently horse or pet owners. Its products include a wide range of basic hardware items, pet supplies, including horse needs, and work clothing.






Also listed for the first time is 84 Lumber with sales of USD 3.3 bn and 263 stores. This is a lumber and building materials retailer. Its showrooms are small and carry only a smattering of products. Its locations are usually on the outskirts of cities where land costs for its sprawling yards are less expensive.

|20 December 2018

SEND
 PRINT 

Post a comment

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



(will not be published)

* obligatory fields


Latest news

Byggmax DIY stores make 5.6 per cent more sales

The Swiss Byggmax group made sales of SEK 1.7990 bn (EUR 170.45 mio) in the second quarter of 2019 and thus achieved growth of 3.9 per cent. The View news...

L’Entrepôt du Bricolage starts the year with ten per cent plus

The 36 L'Entrepôt du Bricolage stores in the French Groupe Samse have increased their sales in the first quarter of 2019 by 10.0 per cent. The sales View news...

Tengelmann closes previous holding company and sets up another

The Tengelmann Group, which includes the German DIY market leader Obi, is realigning its holding as previously announced and closing down the View news...

Kingfisher shareholders protest against remuneration of directors

At Kingfisher's annual general meeting, 24.19 per cent of the shareholders voted against the proposed directors' remuneration, as revealed by the View news...