May 16, 2017

It’s Not All Bad News in the Retail Industry

Though many major retailers are dealing with shrinking sales, closing stores, deep losses and a historic wave of layoffs, home improvement and other sectors of the $400 billion retail industry are thriving. Last week, department stores JC Penney and Macys both reported more bad news with regard to 2017 losses as they struggle to stay… Read more »

May 15, 2017

Accelerated Analytics Visits the National Hardware Show

The annual NRHA (North American Retail Hardware Association) sponsored National Hardware Show in Las Vegas last week was another great tradition for our Accelerated Analytics team! Thousands of vendors displayed their product lines and future new releases in everything from paints and tools to lawn care and appliances. This was a great opportunity to meet… Read more »

May 1, 2017

Ace Hardware Announces New Distribution Center in PA, and Accelerated Analytics can now Provide ACE US Sales and Inventory Reporting

Ace Hardware Corporation, with 5,000 locally owned and operated stores in all 50 states and 60 countries, announced Thursday it will be opening a 1.1 million square-foot distribution center in Bethel Township, PA. The company is investing $20M to create the DC, and will serve stores in Pennsylvania, New York, New Jersey and Washington, DC.… Read more »

April 26, 2017

Mother’s Day Spending Expected to Reach a Record High

According the National Retail Federation’s annual survey, Mother’s Day Spending is expected to reach a record-high of $23.6 billion. That’s the highest number in the survey’s 14 year history, topping last year’s previous record of $21.4 billion. The 85% of those surveyed who said they will be celebrating the holiday say they will spend more… Read more »

April 20, 2017

Home Improvement Growth Expected to Continue in 2017

Like an extreme theme-park rollercoaster, the U.S. housing market has dipped and turned and raced and plummeted over the past decade. And, when the housing market crashed in 2007, it was not surprising that home improvement spending also declined. Ten years later, the overall housing market is stable, but the construction of single-family homes has… Read more »

April 18, 2017

Luxury Retailers Suffer Amid the Transparency of Online Competition

Luxury retailers have historically been considered immune to the challenges of mass-market chains, like declining foot traffic and endless price wars, but that no longer appears to be true. High-end retailers are learning that even wealthy customers are hunting for better deals and selection empowered by the pricing and supply transparency of an omni-channel marketplace.… Read more »

April 7, 2017

2017’s Year-to-Date Store Closings Top Historical High Set in 2008

According to a Credit Suisse report released Thursday, 2017 year-to-date store closings have already topped the historical high set in 2008 when the last U.S. recession was raging. About 2,880 stores have closed year to date compared to 1,153 at the same time last year. And since 60 percent of store closures are typically announced… Read more »