DISTRIBUTORS/CO-OPS

America’s favorite home improvement retailer is…

BY Marianne Wilson

A smaller-format, neighborhood-oriented retailer beat out big-box competitors to rank as the nation's favorite home improvement retailer in a just-released study.

Ace Hardware, known for its neighborly service and an intense focus on the customer experience, earned the top spot, with a composite loyalty score of 63%, in a study by Market Force Information.

Menards ranked second, with a 60% score, followed by Lowe’s, with 55%, and Home Depot, with 51%. (In order to be included in the category, a traditional home improvement brand must have been selected by 100 or more respondents representing 2% or more of total. Only Ace, Menards, Lowe's and Home Depot qualified).

Market Force also looked at how the top brands fare in operational and product attributes that matter most to consumers. Ace Hardware ranked first in most categories, with particularly strong marks for ease of finding merchandise, staff service and knowledge, and speedy checkouts. 

Menards scored highest for merchandise variety and value, while Lowe’s earned the top spot for parking availability. Home Depot ranked last of the brands in all service categories, as well as cleanliness and value.

Market Force’s research revealed that 60% of consumers consider themselves “DIY enthusiasts,” who not only purchase the materials and products themselves, but also complete their own home improvement projects. Another 22% fall in the “do-it-for-me” group that purchases the materials and products, but outsources the labor.

"Home improvement could be a bright light in the retail sector with remodeling projects on the rise and consumers more confident about investing in their homes,” said Ray Walsh, CEO of Market Force Information. “Our research shows that retailers must continue to focus on the customer experience to differentiate their offer and capture a greater share of this growing market, excelling in areas such as value, store cleanliness, and merchandise variety and availability.”

In other findings:

  • Home Depot’s app is most popular, with 45% using it, followed by Lowe’s, Walmart, Ikea and Menards. Of the 18% of consumers who indicated they have used an app, 93% of them said the app was helpful.
  • One-fifth reported that they participate in the loyalty program offered by the retailer they most recently visited. Ace Hardware’s program is overwhelmingly the most popular with 67% participation, Lowe’s ranked a distant second with 21%, Menards was third with 11% and Home Depot trailed with 8%.
  • Nineteen percent indicated they have a home improvement store-branded credit card, with most choosing Lowe’s (25%) and Home Depot (21%). Just 7% have a Menards card and 3% have an Ace card. 

For the home improvement rankings, Market Force Information (Market Force) polled more than 7,800 consumers. The participants were asked to rate their satisfaction with their last experience at a home improvement or furnishings store and their likelihood to recommend it to others. That data was averaged to rate each brand on an aggregation of the two measures – a composite loyalty Index.

Market Force also looked at the attributes that drive these preferences, analyzing factors such as merchandise and brand selection, cleanliness and value.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How would you describe the current demand for Made in USA products?
DISTRIBUTORS/CO-OPS

Ace Hardware makes a promise

BY HBSDealer Staff

Ace Hardware is making an Extra Mile Promise, and it involves raising the stakes for what customers can expect when they visit the paint aisle.

The Extra Mile Promise is a guarantee that Ace has the expert advice and supplies needed to help consumers successfully tackle any paint project with just one trip to the store.

This initiative is an answer to the demand for a less frustrating trip to the paint aisle, often caused by forgotten items or insufficient quantities of paint. With a one-trip guarantee, Ace is promising free delivery to any consumer who needs additional paint supplies.

"While it hurt our pride to learn this, the truth is that while consumers trust Ace as the Helpful Place, far too many of them believed that our speedy sized stores didn't have enough product to complete their paint project," said John Venhuizen, President and CEO. "We know this isn't the case, so to assuage these misperceptions, we decided to stand behind our large paint assortment with the Extra Mile Promise. Our objective is simple: to be known as the #1, best, most convenient, most helpful and most credible store for paint in the neighborhood."

Ace has already been taking steps to make itself a paint destination, such as carrying premium paint brands like Clark+Kensington and Valspar Optimus, as well as unveiling its Paint Studio concept in recent years.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How would you describe the current demand for Made in USA products?
DISTRIBUTORS/CO-OPS

Huttig names a new regional VP

BY HBSDealer Staff

Huttig Building Products has named Kevin Brennan as west region VP.

Brennan was most recently serving as senior VP sales and marketing for Feeney, Inc. Before that, he served as senior VP pro sales for CPG Building Products and senior VP sales and marketing for TimberTech LTD.

"I am pleased to welcome Kevin to Huttig as a member of our senior leadership team,” said Jon Vrabely, Huttig’s president and CEO. "Kevin’s vast experience as an industry executive will help expedite the continued execution of our growth strategy."

Huttig currently distributes products through 27 distribution centers serving 41 states. 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How would you describe the current demand for Made in USA products?