Major Group SIC 5251 - Hardware Stores

SIC 5251 - Hardware Stores

SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 525 - Hardware Stores
  SIC 521 - Lumber And Other Building Materials Dealers SIC 523 - Paint, Glass And Wallpaper Stores SIC 525 - Hardware Stores SIC 526 - Retail Nurseries, Lawn And Garden Supply Stores SIC 527 - Mobile Home Dealers
  - SIC 5251 - Hardware Stores
    SIC 5251 - Hardware Stores

Establishments primarily engaged in the retail sale of a number of basic hardware lines, such as tools, builders'hardware, paint and glass, housewares and household appliances, and cutlery.

Industry trends:

In the hardware store industry (SIC 5251), several qualitative trends have emerged recently. A significant trend is the increasing integration of digital technology in retail operations. Many hardware stores have started adopting e-commerce platforms and mobile apps to enhance the customer shopping experience, offering features like virtual inventory checks and online DIY tutorials.

Sustainability is another growing focus, with stores increasingly stocking eco-friendly products and materials due to consumer demand for sustainable building and maintenance solutions. This shift is part of a broader trend where customers prefer products that reduce environmental impact.

Customer personalization has also become prominent, with stores utilizing data analytics to tailor marketing efforts and offer more customized service experiences. This includes personalized recommendations and targeted promotions based on past customer behavior and preferences.

The near future is likely to see further advancements in these areas. E-commerce is expected to become even more robust with enhanced AI-driven customer service tools and seamless omni-channel experiences. Sustainability initiatives are anticipated to evolve with the introduction of even more innovative eco-friendly products, propelled by both consumer demand and regulatory pressures.

Moreover, as labor shortages continue to impact the industry, automation could play a more critical role in operations to minimize reliance on human labor. This includes the use of automated checkout systems and inventory management solutions.

Overall, these trends indicate a shift towards more technologically integrated and environmentally conscious business practices within the hardware store industry.

This industry is comprised of:

Builders'hardware-retail

Chainsaws-retail

Door locks and lock sets-retail

Handtools-retail

Hardware stores-retail

Tools, power and hand-retail

Explore related industries:

SIC 5072 - Hardware SIC 5651 - Family Clothing Stores SIC 5712 - Furniture Stores

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