HCN Consumer Calculator: Garage storage and organization
Other than totes and bins, floor-standing shelving is the most popular kind of garage storage product, according to the NPD Group’s 30,000-strong consumer panel. And in a tough economy, the business skews toward the wealthy. Those are some of the conclusions of the latest HCN Consumer Calculator.
Analysis: Garage storage and organization accounted for $450.9 million in total spending in 2010, according to the NPD Group — that’s down 11.4% from 2009. Mass merchants appear to be chipping away at the warehouse home centers (WHC), which dominate the market.
Analysis: As a reason for purchase, “trusted brand” remains a top-three motivator. And as home centers embrace “back-to-school,” totes and bins benefit.
Analysis: The 65-plus age group showed by far the biggest increase in 2010 — up a full 5 percentage points over 2009. Meanwhile, the wealthiest consumers are driving this category.
Methodology: NPD data are based on monthly tracking of more than 30 home improvement-related categories and 30,000 opt-in consumers. The 2010 data above come from the 12 months ended Feb. 28, 2011.
While moving to another place
While moving to another place it becomes problematic to move the luggage; so it is best to make some temporary arrangement like storing items in a garage; or you could opt for moving services. If you are moving from one country to another country then opt for International Moving service.
Scotts grows in Q2, despite bad weather
While posting strong second-quarter results, Marysville, Ohio-based Scotts Miracle-Gro is hoping for more cooperative weather.
Scotts posted net sales of $1.13 billion for the quarter ended April 2, up 8% from the same quarter last year. Net income increased 50% to $177.6 million.
For the quarter, company-wide adjusted gross margin rate increased 41.1% compared with 39.6% a year earlier. The improvement was due to the benefit of lower commodity costs, as well as supply chain efficiencies and a favorable product mix.
Still, a slow start to the 2011 selling season due to unfavorable weather, coupled with strong early season purchases last year, led to a 7% decline in year-to-date consumer purchases entering May.
"While faced with the challenge of a late break to the season, we remain optimistic in our full-year outlook," said Jim Hagedorn, chairman and CEO. "The consumer remains highly engaged as demonstrated by strong purchase activity whenever and wherever the weather has cooperated. Retailer support also remains strong as our retail partners continue to show commitment to the overall category, but especially to our brands."
Consumer purchases of Scotts products at its largest retailers increased 2% on a year-to-date basis through March, the company said.
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Brick Industry promotes ‘green’ bricks
The Reston, Va.-based Brick Industry Association (BIA) is promoting the green benefits of clay bricks.
A release titled "Brick offers growing options for sustainable homes," pointes to several options for greater sustainability through the use of bricks.
Among them are:
• Brick exteriors for energy efficiency/savings on fuel bills: brick’s exceptional thermal mass allows it to absorb and store heat to release at a later time, reducing the load on the home’s heating and cooling system;
• Using salvaged brick: a growing trend among builders, brick is one of the few materials that building codes actually allow to be reused in a building application and keeps materials out of landfill; and
• Low-emitting materials: using brick throughout the house provides wall and floor surfaces that do not require paint or coatings.
As a versatile building material made from abundant natural resources, brick delivers on all fronts,” BIA President and CEO Gregg Borchelt said. “Brick’s flexibility and inherent green benefits help builders and architects achieve maximum sustainability and greater homeowner value with reduced environmental impact."
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