It is a realistic choice for hardware retailers to improve their own profitability through innovation. The hardware market in North America is already very mature. By integrating the retail industry in different regions of the world, it will not only increase the trade volume significantly, but also promote the development of hardware markets in different regions of the world. In fact, some profitable retailers have started to continue to expand their business in different markets around the world, so as to be able to build a very healthy and stable system.
For example, after investigation, we found that in the design of the whole kitchen, the market demand will increase by 16% every year. It can be seen that there is still a lot of room for the development of the hardware industry. As a retailer, you must understand the needs of the market and customers, and then develop solutions based on their needs. According to the survey of 80,000 consumers, retail industry and hardware market, about 70% of the demand for hardware products comes from house decoration, and 40% of the products depend on the supply capacity of some domestic hardware suppliers. More families want to see more hardware products being offered by retailers. Unfortunately, our market research is still very limited.
Following the trend, hardware retail companies have no choice but to provide customers with creative tools to meet their individual needs. Worldwide, the hardware industry is shifting from the traditional tool industry to the fashion industry. Consumption is trending towards personalization, quality, reasonable price and more choices.
It is a realistic choice for hardware retailers to improve their own profitability through innovation. Some profitable retailers have started to continue to expand their business in different markets around the world so that they can build a very healthy and stable system.
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