The growth trajectory for the home improvement and hardware store sector has remained significantly positive worldwide. Anchoring this robust performance are several drivers, including increasing consumer preference for do-it-yourself (DIY) projects, the rising real estate sector, and escalating demand for eco-friendly or energy-efficient products, further propelled by the digitization of...
Discover more insightsAs an economic phenomenon, home improvement stores have emerged as prominent disruptors in the global retail space. These stores, offering a diverse array of products ranging from building materials to furniture, are catalyzing profound shifts in consumer buying behavior, on one hand, and altering the supply chain dynamics, on the...
Discover more insightsFundamentally, the sector is dictated by a potent blend of customer behaviour, competitive rivalry, and real estate trends. As consumers grow more knowledgeable, decisive, and even environmentally aware, retailers must remain nimble, ready to adapt to these changing consumer desires while offering compelling yet distinctive product mixes. Moreover, the intense...
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