In 2010, RONA registered the highest store count growth of 32.8% in the peer group, over seven times the average of 4.6%. The growth was driven by both organic and inorganic growth initiatives. It made several strategic acquisitions during 2010 which strengthened its position in all market segments, including distribution, retail, and commercial and professional. During 2010, the company increased its store count by 225 and the majority of the newly added stores were in Western Canada. RONA added 152 stores in Western Canada, 85 in Ontario, 22 in Atlantic Provinces and closed 34 stores in Quebec.
Home Depot and Lowe’s dominate the home improvement and gardening supplies retail market. Together, they account for 72.5% of the peer group’s total revenues. In 2006–2010, the peer average retail floor space increased at a CAGR of 3.46% despite the store count growing at a CAGR of 4.08%. This trend indicates that peer group retailers are increasing their preference towards new, smaller stores.
Reasons to buy:
•The report helps in understanding the strengths and weaknesses of leading global home improvement and gardening supplies retailers, both compared to one another and with the average performance of retailers in the channel around the world. The report’s peer group includes only public retailers with home improvement and gardening supplies retail as primary channel.
•Gain detailed knowledge of the best performance levels among the retailers covered in order to benchmark a company’s performance.
•An insightful analysis of key financial and operating parameters and ratios of a select peer group of companies.
•Provides five year data of key financial and operating parameters, which helps in understanding the long term trends.
•Presents unique, proprietary scorecards and heat charts, which are based on Retail Benchmarking Database covering 1,000+ retailers. The scorecards and heat charts provide clear, concise at-a-glance analysis of the relative performance of the companies covered across a range of metrics.
•Identifies the best performance levels among the retailers covered in order to benchmark both competitor performance as well as that of reader’s own company.
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