USA: NRHA Expands Membership To Include Paint, Decorating Retailers.

The North American Retail Hardware Association (NRHA) is officially broadening the reach of its membership to include independent paint and decorating store operators and will be changing the association’s name to reflect this evolution.

Effective immediately, the association will be known as the North American Hardware and Paint Association (NHPA) and will represent the interests of all independently operated hardware stores, home centers, lumberyards and paint and decorating outlets throughout North America.

“Independent hardware stores and home centers share so much common DNA with independent paint and decorating retailers that this expansion of our membership can only benefit the industry as a whole,” says NRHA president and CEO Bob Cutter. “We are excited to offer paint and decorating retailers an expanded breadth of resources, and we look forward to combining all of their ideas and insights with the already strong pool of retail thought leaders from the hardware side of the channel.”

This broadened member base will help independent retailers from across the home improvement spectrum as NHPA can now tap into a wider network of retailers for research, best practices, success stories and more.

https://yournhpa.org/

U.S.: Home Depot profits exceed expectations

Home Depot has reported its Q2 net income was $3.48 bn, or $3.17 per share, compared with $3.51 bn ($3.05 a share) for the comparable period last year. Those numbers missed analyst expectations of $3.08 a share. Sales rose by 1.2% to $30.84 billion, compared to $30.46 bn a year ago but fell short of the expected $30.99 bn. Same-store sales increased by 3% overall and by 3.1% in the U.S., missing forecasts of 3.5% growth.

 

Read more at: www.hardlines.ca