{"id":7395,"date":"2016-07-28T09:30:46","date_gmt":"2016-07-28T09:30:46","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=7395"},"modified":"2016-07-28T09:30:46","modified_gmt":"2016-07-28T09:30:46","slug":"hardware-in-cedar-rapids-why-you-should-care","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2016\/07\/hardware-in-cedar-rapids-why-you-should-care\/","title":{"rendered":"Hardware in Cedar Rapids: Why You Should Care"},"content":{"rendered":"

Here at Chain Store Guide, we recently finished up work on a number of new industry-based market share reports. And like the data geeks that we are, we couldn\u2019t wait to see what they can tell us. Starting with this Exclusive, we\u2019ll begin passing along a few of our findings from the 2016 Hardware Stores Market Share Report<\/a>.<\/em><\/p>\n

Cedar Rapids, Iowa stood out when we took an initial look at the data. Go figure.<\/p>\n

It stood out because it\u2019s a midsized market with $170+ million in hardware retail sales by our estimates with a relatively diverse group of chain retailers and healthy level of competition. From the top, the two dominant companies barely capture 50% of the market, a percentage that is more often 60%, 70% or 80%. And one of those companies is Menards \u2013 a presence that often keeps Lowes and Home Depot on their toes in the Midwest.<\/p>\n

Beyond the top three, we see<\/p>\n

\"\"A historical and strong regional chain in Theisen\u2019s<\/p>\n

\"\"A significant number of stores aligned with major buying\/marketing groups (Ace, Do it Best! And True Value)<\/p>\n

\"\"The entry of Harbor Freight and United Rentals into the market<\/p>\n

\"\"Tractor Supply doing it\u2019s bit with an estimated $4 million in sales annually<\/p>\n

\"\"A number of smaller format and specialized retailers<\/p>\n

The Cedar Rapids Core Based Statistical Area is also large in geographical terms (encompassing three counties), a factor that helps support more local and mid-sized retailers with comparatively modest sales expectations.<\/p>\n

Taken together, the presence of such a diverse mix of offerings in a market is notable.<\/p>\n

CSG Market Share Report
\nCedar Rapids, IA (CBSA 22180)
\nHardware Stores<\/h3>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here at Chain Store Guide, we recently finished up work on a number of new industry-based market share reports. And like the data geeks that we are, we couldn\u2019t wait to see what they can tell us. Starting with this Exclusive, we\u2019ll begin passing along a few of our findings from the 2016 Hardware Stores… Continue reading Hardware in Cedar Rapids: Why You Should Care<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[17],"class_list":["post-7395","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-csg-exclusive","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/7395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=7395"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/7395\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=7395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=7395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=7395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}