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Carly Froderman

January 31, 2023
Industry News

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Home Hardware Stores Limited has been featured on Forbes’ list of Canada’s Best Employers 2023 for the third year in a row. Presented by Forbes and Statista Inc., this award is based on independent employee surveys who provided feedback on their workplace.

“It’s an honor for Home Hardware Stores Limited to be named on this prestigious list of Canadian companies for the third consecutive year,” says Kevin Macnab, president and CEO of Home Hardware Stores Limited. “Home Hardware’s incredible journey of growth is driven by the dedication and hard work of our team members in support of our Dealer-Owners, who in turn provide customers with the high-quality service they expect from us.”

Home Hardware Stores Limited remains focused on fostering a positive culture and encouraging team members to show up as their authentic selves to work. Employees across Canada are provided with a range of hybrid wellness programs, progressive learning opportunities and career advancement tools.

“Home Hardware Stores Limited provides our team members with access to LinkedIn Learning courses, parental leave top-up benefit programs and hybrid wellness classes so they can prioritize both mental and physical wellbeing outside of their day-to-day tasks,” says Scott Bryant, chief human resources officer. “Home Hardware is committed to having the supports in place for team members to reach their full potential.”

Evaluations were based on direct and indirect recommendations from employees who were asked to rate their willingness to recommend their employer to friends and family. These evaluations also included participants’ opinions on a series of work-related topics such as working conditions, salary potential, and company image.


 

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PPG reported financial results for the fourth quarter of 2022 and the full-year 2022. Net …

 

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Multipurpose Scissors
The BLACK+DECKER Multipurpose Scissors set includes three sizes (5.5-inch, 6.6-inch and 8.5-inch) suitable for a variety of cutting tasks. They’re suitable for cutting paper of varying weights, cardboard, photos, fabric and more.

Black + Decker | blackanddecker.com


Floor Roller
The Roberts Extendable Floor Roller extends up to 27 inches and includes two handles for maximum leverage. The nonmarking, segmented rollers exert even pressure to smooth out uneven vinyl floor covering, carpet or wallcoverings.

Roberts Consolidated Industries | robertsconsolidated.com or 888-875-5087


Towel Bar
The Dawn Series Towel Bar’s rod portion is composed of robust acrylic material, instead of tempered glass which is easily prone to cracking. Meanwhile, both ends of the bar are made of durable solid brass with a diamond-knurled pattern to add chic, textured details to the space. The bar’s rounded form provides convenience for users by preventing the towel from being stuck on the bar, as opposed to square-shaped bars.

Deco & Deco | decondeco.com or 855-876-0846


Closet Organizer System
Neat and minimalistic, the Value Closet Kit from Modular Closets doubles some hanging areas while still accommodating longer garments. With its neutral look blending into and even complementing any decor, this easy-to-install closet is a timeless favorite. The high-quality closet system is wall-mounted with the company’s patented cleat system and features eco-friendly wood production and is available in white or grey.

Modular Closets | modularclosets.com


Pet Hair Remover
The FurDozer X6 6-in-1 Pet Hair Remover is compact, portable and doesn’t require any power cords, so you can use it anywhere and anytime. It combines revolutionary design with hi-tech materials to work on all surfaces including carpets, cars, couches, clothes and more. The FurDozer X6 features six tools, including a multifeatured center pad, small squeegee, multiridged curved pad, serrated squeegee, large squeegee and crevice tool.

Neater Pets | neaterpets.com


Manual Lawn Coring Aerator
Yard Butler’s Manual Lawn Coring Aerator removes two 3-inch plugs. The tool is 37 inches long and includes a foot bar to provide extra leverage. It is made from heavy-duty, powder-coated steel and is rust-resistant.

Yard Butler | yardbutler.com


Air Monitor
Honeywell’s Transmission Risk Air Monitor is a portable air quality monitor for use in schools and restaurants that alerts users when conditions are present that may increase the risk of exposure to airborne viral transmission in an indoor area. It monitors carbon dioxide, temperature and relative humidity and features 10 hours of battery life using a Lithium-ion rechargeable battery.

Honeywell | honeywell.com


Flexible Silicone LED Light
Tresco Lighting’s Neoloop is flexible silicone LED lighting. It is shatterproof and watertight. Neoloop illuminates from a curved top and bends on a vertical axis. It is ideal for architectural accents such as under countertops, soffits or toe kick lighting.

Tresco Lighting | trescolighting.com


Portable Power Station
The Rallye 600 is a portable power station that provides uninterrupted power for as long as you need it. The Rallye’s innovative design allows users to swap batteries without losing power and customize their kits to power a wide variety of devices at once. It has solar charging capabilities, an LCD interface and more.

Runhood Power Inc. | runhoodpower.com


Laundry Detergent
EnviroKlenz’s Laundry Detergent Powder combines EnviroKlenz’s mineral-based odor-fighting technology with natural stain-fighting ingredients to deliver the deepest clean without the use of harsh chemicals, fragrances or brighteners. The EnviroKlenz Laundry Detergent Powder is nontoxic, hypoallergenic, unscented, nonbleaching and nondying. Gentle on your wash routine, this detergent is compatible with all high-efficiency and front-loading laundry machines, is septic-safe and works well with any wash temperature. The Laundry Detergent Powder utilizes sustainable design from conception to disposal, with packaging made from previously recycled content.

Timilon Corporation | enviroklenz.com


Rust Converter
The RUSTZILLA Marine Grade Rust Converter is easy to use and saves time and effort. It’s thick enough to tackle the toughest jobs but thin enough to get into small cracks. It is suitable for treating moving parts and lasts up to 10 years. RUSTZILLA turns rust to a black primed surface and works on all types of metals including stainless steel, steel and cast iron. It dries fast with no residue and prevents future rust and corrosion while forming a protective barrier on the metal. RUSTZILLA won’t harm paint, plastic or rubber, and is nontoxic, noncorrosive and nonflammable. RUSTZILLA is water based and cleans up with soap and water.

Radical Rafts | rustzilla.com


Fuel Gauge
The Bernzomatic® Digital Fuel Gauge indicates the amount of fuel remaining in portable propane tanks used with tabletop grills, portable heaters, lanterns, mosquito foggers and other propane-powered appliances. This pocket-sized device is easy to use whether you are out and about or in your garage.

Worthington Cylinder Corporation | bernzomatic.com

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First Insight and Wharton Baker Retailing Center found that consumers are willing to pay for more sustainable goods, surprising many retail executives. The report revealed that a knowledge gap exists between what consumers actually want and what retailers presume they want when it comes to sustainable items, presenting opportunities for retailers to boost customer loyalty and increase sales by offering more eco-friendly product options. 

The report found that two-thirds of consumers said they would pay more for sustainable products, but two-thirds of retailers thought consumers were not willing to spend more for eco-friendly products. Almost 75 percent of consumer respondents indicated they valued sustainability over brand names. Over 94 percent of retailers believed the opposite, that consumers want brand name over sustainability.

Check out these sustainable rag options and fill your consumers’ desire for sustainable goods.

‎Buffalo Industries has Recycled White T-Shirts Rags, Recycled Colored T-Shirts Rags and more. The rags are durable, cut into usable-sized pieces, washable and economical. They can be used for general cleaning, paint spill cleanup, staining, varnishing, polishing and more.

On Etsy, CozySimpleLiving offers Paperless Paper Towels and MindfulGreenLiving offers Quality Bamboo Rags for customers looking for sustainable options.

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Managing cables around the house can seem overwhelming, especially with more and more smart devices coming out and needing an outlet to plug into. Using various products can help keep your cables organized together and away from small children and pets, who can easily get tangled up in cords or chew on them. 

Cable raceways from CableOrganizer allow customers to easily run long cables throughout their homes, such as a long ethernet cord from their wireless router to their computer in the office, which may be a few rooms over. The cable raceways keep the cables tucked away in a protective covering that won’t damage the cable and will keep it out of the way and remove it as a potential tripping hazard. 

Keeping cords together behind appliances such as TVs can be hard or can be an eyesore. Using Heat Shrink Tubes from Essentra Components can keep the cords all together in one area, wrapping them together with a protective outer covering to keep them safe. 

Cordini offers a different way to manage longer cables. If an appliance or item has a long cord but is located right next to the power outlet, the Cordini outlet cover creates a place to store the long cord under the face plate. The wire wraps around the inside of the cover and then the cover slips over the outlet face plate for a snug fit. This hides the cord and keeps it protected from potentially being pulled out of the wall or creating a tripping hazard.

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Registration is now open for the 2023 NHPA Independents Conference! Held in Dallas, Aug. 2-3, the event will bring together members of the home improvement industry from across North America for two energetic days of keynote speakers, presentations and panels, industry awards, exhibits and networking.

This year’s conference theme is all about making technology work for you—from improving productivity to streamlining operations, enhancing the customer experience and protecting your business.

Click here to learn more and register for the event.


A Can’t-Miss Experience at the 2023 NHPA Independents Conference

The conference theme is “Putting Technology to Work for You” and will feature keynote speakers from tech industry giants, industry-leading speakers and retailer panel discussions.

The event will also play host to two highly respected NHPA award programs, the Young Retailer of the Year Awards reception and the Top Guns Awards.

In addition to the education, conference sessions and networking opportunities, NHPA will also be inviting technology and service vendors to exhibit and meet with attendees.

Click here to view the speaker lineup and here for the conference schedule.

“We’re excited to bring the home improvement industry together for an event focused on real-world technology solutions,” says NHPA president and CEO Bob Cutter. “This remains a growing area of opportunity in the independent channel, and we encourage retailers, distributors and other channel members to attend and learn from each other and our dynamic keynote speakers, formerly from Amazon and Google, who will present at the conference.”


10 Reasons to Attend the 2023 NHPA Independents Conference

  1. Learn how you can keep up with technology from Chris Hood, former head of business and innovation strategy for Google.
  2. Amazon strives to outperform everyone else, but how do they do it? Hear from John Rossman, the former Amazon executive who helped launch Amazon Marketplace.
  3. Discover scalable best practices on managing cyberthreats from the world’s biggest retailers.
  4. Hear from home improvement retailers on lessons learned from cybersecurity incidents.
  5. Independent retailers will discuss how they are using technology to improve operations like inventory management and employee productivity.
  6. Learn how successful retailers are expanding the customer experience beyond brick and mortar with digital tools like social media, email and more.
  7. Hear from retailers being honored for their innovations in technology at the 2023 Top Guns Awards and connect with this year’s Young Retailer of the Year honorees.
  8. Visit with dozens of leading technology and retail service providers to explore what’s possible for improving your business in the Retail Solutions Hall.
  9. Network with retailers, wholesalers and manufacturers at this industrywide event.
  10. Receive an early bird discount and save $400 when you register before April 1!

Register to Attend—And Save $400 With Early Bird Pricing

We’ll see you in Dallas on Aug. 2-3! Seats are limited—and so are rooms in the block at the host hotel! Save $400 with early bird registration. Visit the conference website at YourNHPA.org/conference to register to attend today.

In addition to the keynote speakers, education and networking opportunities, NHPA is also inviting independent home improvement channel service providers to exhibit and meet with attendees. If you are a service provider, contact NHPA director of sales Scott Gilcrest at sgilcrest@YourNHPA.org to find out how you can participate in this event.


About the North American Hardware and Paint Association

Founded in 1900 by a group of retailers, NHPA is a not-for-profit trade association whose mission is to help home improvement, paint and decorating outlets in the U.S. and Canada become better and more profitable retailers. Governed by a board of independent hardware and paint retailers, NHPA fulfills its mission by providing how-to management resources, product discovery, training programs and networking opportunities for the industry it serves. Learn more at YourNHPA.org.



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Independent Retailer Index





Participate in the Q4 Independent Retailer Index survey! The Independent Retailer Index, developed by the North American Hardware and Paint Association (NHPA) in partnership with The Farnsworth Group, serves as a regular measure of the independent channel’s performance. Discover how your business is faring and determine where you can make adjustments.

Take the survey to:

  • Help us measure how the industry is performing
  • See how your business is faring compared to your peers
  • Determine where you can make adjustments.

All survey participants will automatically receive the complete data report for the quarter emailed to them prior to public release. Click here to take the survey today!





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Industry Insights

How did business change for Orgill in 2022 compared to 2021? After two strong years …



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Building on its commitment to drive member growth online and in-store, Do it Best has selected a proven e-commerce leader to steer its e-commerce division, announcing Allison Flatjord as the company’s vice president of e-commerce. She replaces Nick Talarico, who was recently promoted to executive vice president of sales and marketing.

Flatjord joined Do it Best in 2022 as the company’s director of e-commerce. Under her leadership as vice president of e-commerce, the company has developed a winning strategy and state-of-the-art platform to advance its members’ online competitiveness while also driving more traffic to their stores. She will be featured at the Do it Best Spring Market Kickoff on March 11 in Orlando, Florida, where she will introduce members to the new e-commerce solution.

“While we’ve actively supported our members’ online sales efforts for more than two decades, we launched our new e-commerce division last year to demonstrate its critical importance in growing member sales,” says Dan Starr, president and CEO. “Allison has been centrally involved in that initiative from the very beginning, and I couldn’t be more pleased to see her now leading this team. Our members will be excited about the options we’ve developed to take their e-commerce to the next level.”

Prior to Do it Best, Flatjord was the chief marketing, merchandising and digital officer for a national party supply retailer where she actively grew online sales and repeat purchases while leading an overhaul of their web platform. She also served as the chief marketing and merchandising officer for a national clothing and lifestyle brand where she directed the replatforming of their e-commerce site, resulting in a doubling of sales in just four years. Flatjord holds a masters in business administration from the Harvard Business School.

“I’m honored to step into this leadership position at Do it Best and contribute to such an important initiative,” says Flatjord. “We have built a world-class e-commerce team to drive store sales and traffic that will help our members compete and win for years to come.”



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PPG reported financial results for the fourth quarter of 2022 and the full-year 2022. Net sales were down slightly from Q4 2021, posted at $4,185,000 for Q4 2022. Net income was also down 11% from $267,000,000 in 2021 to $238,000,000 in 2022. Adjusted net income dropped 4% from $298,000,000 to $286,000,000 in Q4.

For the full year 2022, net sales from continuing operations were approximately $17.7 billion, up about 5% versus the prior year. Organic sales were higher by 8% driven by higher selling prices. Net income in 2022 decreased versus 2021 due to raw material cost inflation, lower sales volumes, unfavorable foreign-currency translation and higher manufacturing costs related to supply and labor disruptions, partially offset by higher selling prices, restructuring cost savings and acquisition-related synergies.

In 2022, the company paid $570 million in dividends. Capital expenditures totaled about $520 million, which was higher than the prior year due to more normalized spending. The company had about $1 billion remaining on its current share repurchase authorization at the end of 2022.

“We continued to make good progress on our focus to achieve full operating margin recovery, as year-over-year earnings improved in both segments despite more acute pandemic-related demand disruptions in China,” says Tim Knavish, PPG president and chief executive officer. “This earnings improvement was driven by aggregate selling price increases that totaled 19% on a two-year stacked basis, as we remained focused on mitigating the significant cumulative cost inflation incurred the past two years.”

“Looking ahead, we remain highly focused on building further momentum to restore margins in line with our historical profile. In the first quarter, we will continue to prioritize supporting our customers through superior service and products, executing our cost-savings initiatives, and optimizing inventory. We expect the overall demand environment to remain consistent sequentially with the fourth quarter with soft economic activity remaining in Europe and China. However, as the year progresses, we anticipate several positive catalysts that will enable earnings improvement, including certain PPG commercial initiatives with our valued customers and the continued rebound in demand for our technology-advantaged aerospace products. Other catalysts include moderating raw material costs, coatings demand stabilization in Europe beginning in the second quarter, and strong economic recovery in China as the pandemic reopening progresses. Finally, with fewer supply chain disruptions we expect ample commodity raw material availability and improved manufacturing efficiencies. Lastly, I am looking forward to leading PPG in my new role and want to thank our customers for selecting PPG as their supplier of choice, our shareholders for their confidence, and our global employees who demonstrate The PPG Way by making it happen every day.”

Fourth Quarter 2022 Reportable Segment Financial Results

  • Performance Coatings segment

$ in millions

4Q 2022

4Q 2021

Y-O-Y change

Net sales

$2,490

$2,507

-1%

Segment income

$272

$243

+12%

Segment income %

10.9%

9.7%

Sales volumes

-4%

Selling prices

+9%

Divestitures and wind down of Russia

-1%

Foreign currency translation

-5%

  • Industrial Coatings segment

$ in millions

4Q 2022

4Q 2021

Y-O-Y change

Net sales

$1,695

$1,683

+1%

Segment income

$155

$105

+48%

Segment income %

9.1%

6.2%

Sales volumes

-5%

Selling prices

+13%

Divestitures and wind down of Russia

-1%

Foreign currency translation

-6%

 





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NRF 2023

Bringing together players from across the retail industry, NRF 2023: Retail’s Big Show featured innovation, …



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Minwax® brand revealed its 2023 Color of the Year: Aged Barrel. Neutral, warm and dependable, Aged Barrel celebrates wood’s imperfections to help DIYers—both new and experienced—bring touches of their unique personal styles to any room.

“As new routines push us to adjust in many aspects of life, simplified color choices help provide brief moments of reprieve,” says Sue Kim, director of color marketing for Minwax. “The 2023 Color of the Year, Aged Barrel, delivers just that—a reassuring and nurturing mood that embraces the organic beauty, natural aging and inherent imperfections of wood surfaces to inspire more mindful living.”

The 2023 Color of the Year is geared toward helping people connect the past and future to create their own stories. Its classic simplicity is approachable and inviting, providing the flexibility many desire in their most personal spaces where they retreat and come together to start new traditions, while also honoring and reflecting on the passage of time. With a soft gray undertone reflecting material strengthened over the years, Aged Barrel anchors individuals to their pasts with its vintage, handcrafted look and touch of sophistication that serves as the foundation for a variety of complementary color palettes.

Minwax developed three corresponding color palettes to showcase and complement the 2023 Color of the Year in any room of your home. Aged Barrel pairs well with dark wood tones, all-over grays, chalky neutrals and bold pops of color and is complemented by a coordinating selection of Minwax wood stains, including Charcoal Gray, Silvered Gray, Dark Walnut, Gray Mist, Rustic Beige, Vintage Orange, Botanical and Gentle Yellow. Whether adding character to a cherished object or refurbishing an antique find, consumers can use Aged Barrel interior stain to bring out wood’s natural grain and inherent, imperfect beauty while maintaining its texture and adding joyful, nature-inspired accents.

“Here, rustic style and modern sensibility harmonize,” says Kim. “Aged Barrel highlights the grain and natural beauty of the wood itself to soothe and comfort as it bridges the gap between two very different eras.”

To see other 2023 Color of the Year announcements, click here.



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Hardlines Distribution Alliance (HDA) has announced the new dates for the 2023 Group Merchandising Conference (GMC). The conference will be held May 8-11 at the Embassy Suites Atlanta – Buckhead. The new dates will allow attendees to take advantage of a spring timeline and provide more time for distributor attendees to strategize their own fall markets.

“With the earlier time frame, we are excited for all attendees to embrace more opportunities that will result in more growth and development of intra-group business,” says Steve Synnott, CEO at HDA.

In addition to the new dates, all attendees will be treated to the highly interactive and quality event they have grown to expect at the GMC. With the opportunity to display products, brochures and digital resources in each hotel suite, manufacturers can count on uninterrupted, one-on-one meetings with dozens of distributor members at one venue. With this format designed to maximize ROI, all attendees can look forward to forging relationships that build new business opportunities.

“The GMC is not your typical trade show,” says Jim Depolo, national sales manager with VP Racing. “It is a much better format to actually interact with and gain new business from new and existing customers.”

Manufacturer and distributor attendees can also take advantage of the social networking opportunities at receptions and meals that take place throughout the event. Atlanta’s Buckhead neighborhood boasts dozens of restaurants near the hotel, allowing guests to easily make dinner plans on the Monday and Wednesday evening of the conference.

“Having the ability to meet together as manufacturers and distributors brings great value to all parties,” says Rick Berry, a buyer at Buttery Company. “Key relationships are built in these meetings that could potentially have huge success in many aspects of our business.”

Click here to hear from Synnott and HDA president Shari Kalbach on how the organization has evolved and insights into business in 2023. 



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