Latest data: industry shrinks in 2023 after three years of solid growth

Following an unprecedented pandemic run that resulted in three years of solid gains for Canadian hardware and home improvement dealers, the industry slowed right down in 2023, according to the latest data from Hardlines.

As we crunch the numbers on the overall size of the industry year over year, brand new data reveals that overall top-line sales from all hardware, building supply, and big box retailers in the country dropped by almost four percent last year.

(These numbers are part of our larger annual Hardlines Retail Report, which will be released next month. This incredible report provides a detailed breakdown of the retail players in Canada: their 2023 sales, store counts, regional breakouts, trends, and strategies for 2024 and 2025. It’s a mammoth report featuring more than 150 PowerPoint slides. Click here to reserve your copy!)