Throwback Thursday: Hardlines Retail Report tells us industry has doubled in 20 years

Throwback Thursday is a weekly feature in which we dip into the Hardlines Weekly Report archives:

“Home improvement is one hot retail sector,” we reported on Sept. 2, 2003. The industry had reached “$30 billion in sales at retail in 2002… after three years of record growth.”

Twenty years later, our industry reached just over $61 billion at retail last year, says the 2022 Hardlines Retail Report. That’s a compound annual growth rate of approximately 3.6 percent. Meanwhile, Canada’s average inflation for the 20 years from 2002 to 2022 was 2.1 percent.

(This year’s Retail Report is now available. It’s our complete analysis of the retail players in this industry, including sales and growth of the top home improvement retailers with year-over-year growth. Click here for more information and to place your order! Hardlines Premium Member-Subscribers can take advantage of special pricing offers.)