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The Independent Retailer Index developed by the North American Hardware and Paint Association (NHPA) in partnership with The Farnsworth Group, serves as a regular measure of the independent channel’s performance. In the second survey of 32 independent retailers, respondents were asked to share how several operating metrics have changed from Q3 2021 to Q3 2022, including total sales, transaction count, inventory investment, cost of goods and more. Retailers were also asked about investment plans for Q1 2023.
