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Nationwide Reports Retail Rebound

Nashville — The Nationwide Marketing Group is seeing renewed strength in its appliance and CE businesses, and continued growth in furniture.

Speaking at the group’s biannual PrimeTime meeting and buy fair here, Nationwide’s management team said that an improving economy and a rebound in home building and remodeling is fueling steady gains for majap dealers, who had been hamstrung by vendor supply issues earlier this year.

On the CE side, TV comps are still down, executives said, although Nationwide dealers are outpacing the industry by a wide margin, and members are returning to the A/V fold as Ultra HD and OLED TV hit popular price points. Categories like wearables and wireless and HD audio are also boosting baskets, while a wider net of UPP-protected product lines are buoying bottom lines.

But furniture, along with outdoor products, remains the hottest and most profitable category, the group said, and is drawing the bulk of new member additions.

To help foment the retail rebound, Nationwide is expanding its suite of digital marketing services and multi-media ads and displays.

The merchandising and services organization for independent retailers is wrapping up its four-day PrimeTime event today at the Gaylord Opryland Resort & Convention Center, here.

TWICE will provide complete coverage of PrimeTime in the Aug. 18 issue of TWICE.