More AHMA members report growing sales
A monthly American Hardware Manufacturers Association (AHMA) survey suggests sales are up across the membership.
In comparing current sales levels with year-ago levels, 67% of respondents said sales were higher in May versus year-ago levels, up from 56% in April. For May, 19% reported sales were even, and 14% said sales were below year-ago levels.
“Improving consumer confidence, a rebounding housing market and stability in the employment situation are combining to fuel higher sales for home improvement industry manufacturers,” said Tim Farrell, president and CEO of the Schaumburg, Ill.-based AHMA. “But the potential for even better sales still exists if the overall economic situation in the country begins to show stronger signs of sustainable growth.”
Looking forward six months, 62% of May respondents said they expect sales to be above current levels, up from 56% in April. In May, 29% of respondents said they expect sales to be even in six months, and 9% expect sales to be below current levels.
Orchard Supply’s new format expands
Orchard Supply Hardware’s neighborhood format is spreading.
The San Jose, Calif.-based hardware and garden chain announced the planned grand re-opening event of its Van Nuys, Calif., store on June 8. The store will mark the chain’s 17th new neighborhood format.
One of the new features of the format, according to the store’s designers, is better “in-and-out convenience than big-box home improvement stores.”
The newly remodeled 41,800-sq.-ft. Van Nuys store offers new features, improved aisle navigation and double the nursery space at almost 10,000 sq. ft., with a variety of locally sourced plants and products, according to the company.
“Orchard Supply Hardware’s neighborhood store format is an ideal fit for the Van Nuys community, which takes pride in its homes, lawns and gardens and likes to shop locally,” said Mark Baker, Orchard president and CEO. “We are very pleased with the continued execution of our repositioning strategy, as we bring our new store format to this longtime Orchard location, following on the recent opening of our Yorba Linda store as well as our entry into two new markets in Oregon. As we open new and remodeled stores, our customers are responding positively to the new features and enhanced shopping environment."
With this remodel completed, Orchard will have brought its total number of neighborhood format stores to 17. The company continues to expect to reach a total of approximately 20 stores, or more than 20% of the portfolio, in the new format by fiscal year-end.
The Van Nuys store, which has been in operation since 1965, is located at 5960 Sepulveda Blvd. at Oxnard Street.
Festivities will include customer giveaways and sweepstakes, including $25 Orchard gift certificates, vendor product demonstrations and free knife sharpening in the store’s new “Workbench” area.
Hardware store sets stage for instruction
Island Park, N.Y.-based Costello’s Ace Hardware in Island Park is joining forces with TV personality, carpenter and DIY expert Carmen De La Paz to offer hands-on instruction to local residents undertaking home restoration projects as a result of Hurricane Sandy’s destruction.
Dubbed “Project Community,” the event aims to empower local residents with the know-how and confidence to tackle basic water damage restoration projects.
Project Community takes place Saturday, June 1 from 10 a.m. to 2 p.m. in the parking lot of Costello’s Ace, located at 3965 Long Beach Road in Island Park, and features two workshops at 10 a.m. and 1 p.m. De La Paz will provide hands-on training in basic water damage restoration, including wet sheetrock removal, mold and mildew treatment, drywall repair and compound and finish. She will also share her expertise in hand and power tools, job-site safety, as well as insider construction tips.
“So many of our neighbors were affected by Hurricane Sandy and we wanted to be able to give back in a truly hands-on way,” said Mike Costello, owner of Costello’s Ace Hardware. “Project Community is our opportunity to do just that by empowering people with the knowledge and confidence to undertake their restoration projects. Providing this more personal kind of helpful is what Costello’s Ace is all about, and we’re thrilled to partner with Carmen to offer these workshops to the residents of Island Park.”
Product for the Project Community workshops is provided by 3M, Milwaukee Tool, Benjamin Moore and Costello’s Ace.