Home Improvement Retailing Industry Guide

Home Improvement Retail Industry Guide

About

The purpose of this guide is to point business researchers to some key resources when researching the home retailing industry. While not entirely comprehensive, this guide does list several of the key and highly recommended resources when analyzing the industry and researching the companies in the industry.  I’ve listed the databases and resources below, with recommendations on how to find the best information in the quickest fashion. (image courtesy of Lowes.com)

 

IbisWorld

IbisWorld is a good place to get started for a good overview of the industry.  A search for Home Improvement yields a report for Home Improvement Stores.  IbisWorld also has, under the Business Environment section, a number of economic reports that could be very useful, such Private Spending on Home Improvement.

Several Business Environment Reports could be very useful

Passport GMID

Passport GMID offers essential macroeconomic information that can be really useful in performing a PEST analysis.  This video shows you how to find information from GMID that addresses the broad Political, Economic, Social, and Technological trends affecting industries.  This video shows you how to find information from Passport GMID for your PEST analysis.

You can also search “Home Improvement” in the Passport GMID search box to find some good reports.

Plunkett Research

Plunkett Research has a section for Retailing, where you can find Market Research and Statistics for the overall retailing market.  This would be a good resource to look at to get a general overview of the market.

Mintel Oxygen

Mintel Oxygen is an excellent source for market research reports pertaining to this industry.  A search for “home improvement” yields several relevant reports, such as the ones shown in the picture below.

A sample of reports from Mintel

OneSource

OneSource is another fantastic resource for both company and industry information.

S&P Net Advantage

S&P NetAdvantage  is a key tool to use when researching this industry.

  • It has a very good report for the Specialty Retail Industry, of which Home Improvement Retailing is a part.  The industry reports can be very useful in performing a PEST analysis, particularly when addressing the “economic” area.   To find these reports, click on the Industry Tab in NetAvantage, then select the industry in the drop-down menu.  Be sure to look for the “downloadable company data” link on the left side of the page as well.
  • It has stock reports and company financials for major companies.
  • The Compustat Excel Analytics are great when analyzing companies.  This video shows you how to find them.

Mergent Online

Mergent Online is a great tool for looking at both company and industry information.

Business Source Complete

Business Source Complete has a lot of useful information that can take your research to the next level. I’ve listed here last not because it is the least important, but because I would us articles and reports from Business Source Complete to fill in the gaps of your research.  You will find Industry Profiles (search for Home Improvement), and Trade Publications that can enhance the broad coverage of other industry reports.

Factiva

Factiva is a great resource for looking for news about companies in the industry.  You will also find company profiles, financials, ratios, and more in the “Companies & Markets” section of Factiva.  This video shows you how to use Factiva effectively when analyzing your company.

SEC Filings

The 10-k (annual SEC filings) for individual companies contain financial information for companies, as well as textual descriptions of business strategies, risk factors, competition, and more.  Look in Part 1, Item 1 and Item 1A for this information in a company’s 10-K report.  As an example, take a look at the 10-K for Home Depot and look at the Business and Risk Factors sections.  You will notice that Home Depot uses some of the similar language found in reports like IBISWorld and others.  You might also look at similar 10-K’s for other companies in the industry.