Consumer research from Port Washington, N.Y.-based NPD Group indicates that the home improvement industry grew 2% in the 12 months ended September 2011 compared with 2010. Specialty retailers and online shopping are making significant gains, and hardware stores are also “gaining sales momentum,” the research showed.
Home improvement, as tracked by The NPD Group, includes categories in hand tools, power tools, outdoor power equipment, storage and organization, faucets and shower heads, lighting and electrical, fans, and caulk/glue/adhesives.