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Sutherlands finds a home in Springfield

BY HBSDEALER Staff

Kansas City, Mo.-based Sutherlands will open a store in Springfield, Mo., this spring.

According to the company’s Facebook page, the new store will open late spring at 1464 S. Glenstone Ave.

Sutherlands, which is celebrating its 100th anniversary in 2017, currently operates 48 stores in 14 states.

According to local media reports, the new store will measure about 17,000 sq. ft. and take the place of a Hancock Fabrics location in a strip mall. Sutherlands had operated a store in Springfield, but closed it in early 2016. Since then, a temporary Sutherlands store also opened and closed in Springfield.

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HBSDealer Stock Watch: More bears

BY HBSDEALER Staff

Tuesday's market brought more leveling off to stocks, especially BLDR and BMCH, which both fell more than 3%.

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Lawnmower market keeps on rolling

BY HBSDealer Staff

The swelling demographic of aging homeowners is one of the factors that will propel sales of exertion-saving lawnmowers through 2021, according to a recent study.

The Freedonia Group’s “Power Lawn & Garden Equipment Market in the U.S.” expects demand for power lawnmowers to rise 3.2% per year to $4.2 billion in 2021.

A limiting factor on lawnmower sales is the slower movement to homeownership among younger adults – leading to less widespread ownership of a lawnmower. Demand also could be restrained by climate-change-induced reductions in lawn sizes, or removal of grass lawns altogether as a conservation-driven home improvement trend.

On the future of electric mowers, analyst Ellitott Woo writes: “Gains for electric products will be mostly limited to less powerful consumer-grade types, and electric lawnmowers will remain a niche product overall.” 

The Freedonia Group is a Cleveland-based industry research firm.

For comparison’s sake, Freedonia’s forecast for US Lawnmover sales growth (3.2%) is stronger than its forecast for hand tools (1.7%), but weaker than its forecast for siding (5.6%).

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