IHA Staff, Author at International Housewares Association

How Business Can Win Big in the Age of Aging

Boomers and Millennials—Understanding the Needs of Key Consumer Groups IHA’s 2016 CHESS conference, October 6-7, in Rosemont, IL, offers top-level educational presentations for housewares industry executives. One of the valuable programs on Friday, October 7 will be Peter Hubbell’s analysis of how to reach Baby Boomers and Millennials. Hubbell, CEO of BoomAgers, the New…

Retail Profile: The Kitchen Place

Retailer: The Kitchen Place Locations: Marlborough, Mass.; Salem, N.H. Owner: Pamela Sullivan Founded: 1987 Square footage: Marlborough--1700 sq. ft.; Salem--1,900 sq. ft. The first thing a customer notices about The Kitchen Place is a proud sign posted at the front of each of the two stores: “We are a locally owned business” it starts, noting that the stores have been…

Drinkware Parties On

Thanks to the two largest generations entering new life stages, and apparently celebrating along the way, specialty retailers say sales of drinkware continue to rise. Consumers between the ages of 25 and 34, otherwise known as Millennials, and Baby Boomers in their 50s and 60s are helping to fuel those sales, retailers say. Researchers at the NPD Group agree, noting in a…

Trends: More Young Men than Women Living with Mom

For the first time since the 1880s, more young adults are living with their mothers than living with a spouse or partner, a trend that may have an impact in how that group shops for housewares. According to a new Pew Research Center report, census data shows that adults ages 18-34 were more likely to be living with their parents in their parents’ homes, rather than setting up…

Stats: Living with Mom & Dad

Staying with Mom and Dad is now the most common young adult living arrangement for the first time on record, according to the Pew Research Center, mostly thanks to a drop in the number of young Americans who want to settle down with a romantic partner. It is a trend that predicts the number of households being set up within that age group and one that housewares retailers…

Industry Update from the Japan DIY Industry Association

Information provided by the Japan DIY Industry Association shows remarkable development in the sales and number of DIY stores/home centers in Japan since the first DIY store was opened in the country over 40 years ago. There are now over 4,500 DIY stores/home centers in Japan with the annual general proceeds reaching 3.95 trillion yen. According to the annual report by the…

Asia to U.S.A. – Spot Rates Increase

The International Housewares Shippers Association (IHSA) has been closely monitoring freight rates in the Asia to United States market. The carriers have made eight attempts to increase freight rates in this market since May 2015. Every attempt failed until July 2016. The biggest obstacle to the previous attempted increases was simple economics. The amount of capacity in the…

Retail Profile: The Grey Goose Cookery

Retailer: The Grey Goose Cookery Location: Mystic, Conn. Owner: Suzanne Lane Square footage: 4,000 sq. ft. The Grey Goose Cookery bills itself as a “one-stop kitchen store,” and with 4,000 square feet filled with products ranging from cutlery to gourmet foods, it fits that bill for the locals and tourists alike in Mystic, Conn. Located in the heart of Mystic’s prime…

Retailers Not Chipping In On Credit Cards

Even though banks mandated the use of chip-enhanced credit and debit cards last October, many small specialty retailers have yet to adopt the technology. Though the major credit card companies are calling the changeover a success, retailers are not convinced, citing the extra time it seems to take for each transaction along with the cost of implementing the technology as…