Eye on Retail: Stores that made the cut
The Retail Design Institute's annual store design competition, published in the July/August 2017 issue of HBSDealer's sister publication Chain Store Age, paid tribute to excellence in the retail industry. While the top award went to Mackage, the designer outerwear retailer, the following brands with home improvement credentials received honorable mention:
New York City
Design: Fitch, Columbus, Ohio
Pirch provides a new, experiential way to buy kitchen, bath and outdoor products, with a design that combines 30 working vignettes with hands-on “labs” and expertise in a supportive, urban context. Customers can cook side by side with in-house chefs, experience showers/spa or fire up the grill. The space is designed with modern, elegant residential aesthetic that puts customers at ease.
Best Buy Tech Home
Design: Chandler Inc., Afton, Minn.
Best Buy created a temporary home-like structure at Mall of America that allowed customers to view, engage with and purchase smart-tech devices and gain a greater understanding of how connected devices function in different rooms of a home. From a cedar deck with planters to a fully furnished kitchen, a comfortable and relaxing at-home feel was important to the design process. Over 40 products were featured within the 2,460-sq.-ft. structure.
Interceramic Tile & Stone Gallery
Design: CallisonRTKL, Seattle
This 14,659-sq.-ft. showroom offers a full-service experience where customers can interact with products, view installations and work with experts to create custom interiors. Large-format tile wall panels, or “paintings,” create a studio experience, enabling the consumer to break away from conventional tile selection. Warm finishes and diverse textures serve as backdrops to highlight and complement the tile.
The annual contest honored 42 projects and was judged by a panel of retail industry experts.
HBSDealer Stock Watch: Thursday’s winners
The Dow Jones Industrial Average hit an all time high of 22,203 on Thursday. But it was a tough day for more than half of the stocks on the HBSDealer Stock Watch tracker. The biggest percent decliners were BLDR, LL and NWL, all down more than 2%.
Houzz Stat: Backlogs vary by renovation sector
Design-build firms have the longest backlogs, at an average of 7.4 weeks. General contractors and remodelers are not far behind, with an average seven-week wait time.
“Backlog” refers to the delay or wait time an average firm faces before starting a new midsize project due to its current project commitments.
While general contractors/remodelers and design-build companies report the longest delays before they can take on a new job, architects also have lengthy backlogs, averaging 5.9 weeks, as do landscape and outdoor specialty firms, at 5.6 weeks on average. Landscape and outdoor specialty firms include landscape architects, designers and contractors; outdoor replacement trades such as pavers; and outdoor product installers, manufacturers and resellers of items such as pools and spas.
Building and renovation specialty firms include replacement contractors (for example, carpenters) and product installers, manufacturers and resellers (of cabinetry, for example).
Continue reading the latest industry confidence levels here.