Industry Dashboard for March 18, 2013
The monthly retail sales stats serve up a mixed message, with hardware stores (NAICS code 44413) showing a slight drop in sales from a year ago. Stocks are all over the board on the Home Channel Stock Roundup.
Oatey joins Home Improvement Research Institute
The Home Improvement Research Institute (HIRI) added a new member: Cleveland-based plumbing products leader Oatey Co.
HIRI is a membership based, independent, not-for-profit organization of manufacturers, retailers, wholesalers and allied organizations in the home improvement industry. HIRI ended 2012 with 77 members.
"We look forward to Oatey joining our other leading member organizations in the industry in using research to better run their business," said Fred Miller, managing director of HIRI.
Founded in 1916, Cleveland-based Oatey Co. is a maker of solvent cements, roof flashings, washing machine outlet boxes, air admittance valves, plumbing chemicals, wax bowl rings and hundreds of other plumbing specialty products.
HIRI is managed by Lebhar-Friedman, the parent company of HCN.
Big boxes, level playing fields
In the fourth quarter, Home Depot had a field day in its quarterly sales comparisons with rival Lowe’s — a 13.9% gain compared with a 5% decline. However, the field wasn’t level.
Home Depot had an extra week in its 2012 quarter, while Lowe’s was operating with one fewer week. The difference created a nearly $2 billion swing, as the extra week benefited Home Depot to the tune of $1.2 billion, and deflated Lowe’s by about $766 million.
Adjusted to uniform 13-week periods, Home Depot still won the day. But as the numbers show, at least the game was respectable.