The differences between a high-profit home improvement store and a typical operation can be significant, according to facts from the North American Retail Hardware Association’s (NRHA) 2016 Cost of Doing Business Study.
- A high-profit home improvement store nets 9.2 percent profit before taxes, while a typical home improvement store nets 3.8 percent profit before taxes.
- The average transaction size is $23 at a high-profit store and $21 at a typical store.
- At a high-profit store, the annual customer count is 20 percent higher than a typical store.
