In 2024, sales of home improvement products by specialty retailers to construction professionals fell by 10.9 percent, compared with a 4.3 percent decline for large home improvement stores (FMB and INOHA). Each channel is now targeting the other’s customer base: big-box home improvement stores are courting tradespeople, while specialty suppliers are opening up to consumers. The same product shelf must display two price points: a clear, comparable retail price and a trade price involving price cards, tiered pricing, and counter negotiations.
