2014-02-26 04:41:03 - Home Improvement and Gardening Stores in the US - a new market research report on companiesandmarkets.com
As with most natural disasters, the late season storm Hurricane Sandy was an unexpected factor that had a major impact on retail sales in the northeast of the country. For the United States home improvement stores market, closures and lasting supply chain effects meant lower sales in the third quarter when the hurricane hit followed by slightly improved sales following re-openings and clean-up in the fourth quarter. Overall, the 2012 performance was lower than anticipated.
Aside from the hurricane, general macroeconomic conditions in 2012 were favourable to home improvement and gardening stores. The improving housing market boosted sales in 2012, as inventories of existing houses reached new lows and consumer demand rose. Spending on home improvement projects, appliances and decor were
also helped by a stronger overall consumer confidence. With a significant portion of consumers seeking innovation and self-expression through their homes, that strength translated to increased discretionary spending on their homes.
Sales at home improvement and gardening stores declined 1% in 2012. The repair and remodel trend continued to aid sales in the channel, although growth of contractor sales may take away some DIY consumer sales as discretionary income grows.
- Sales at home improvement and gardening stores decline 1% in 2012 to US$213 billion
- Hurricane Sandy negatively impacts third-quarter sales but contributes to stronger sales at home improvement and gardening stores in the fourth quarter
- Both Home Depot and Lowes, the two largest retailers in this category, grow strongly and increase their market share in 2012
- Constant value sales of home improvement and gardening stores are expected to decline 8% over the forecast period to reach US$197 billion in 2017
Click for report details: www.companiesandmarkets.com/Market/Retail/Market-Research/Home-I ..
Browse all Retail Market Research Reports www.companiesandmarkets.com/Market/Retail/Market-Research?aCode= ..
Browse all Retail Company Profile Reports www.companiesandmarkets.com/Market/Retail/Company-Profile?aCode= ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.