In an era of super-sizing and big-box retail, Rockler Woodworking and Hardware is working both with and against the grain.
The Medina-based company just opened its first superstore, an 11,000-square-foot location with a glass-enclosed demonstration area. But compared to a 200,000-square-foot hardware superstore, Rockler's new Maplewood flagship could resemble a storage shed in their lumber yard.
"We're a niche business," said CEO Ann Jackson, the daughter of founder Nordy Rockler. "We're not going after the contractor or the fixer-upper. This is for people who want to make something unique."
Rockler and other specialty woodworking stores such as Woodcraft in Bloomington are crediting the first wave of baby boomer retirements for record or near-record sales. As some boomers retire, they're focusing their planning, organizing and executing skills on tinkering with a creative project or hobby, said Dave Brennan, marketing professor and co-director of the Institute for Retailing Excellence at the University of St. Thomas. "They still want the emotional satisfaction that goes with doing a job well," he said.
Rockler isn't the only Twin Cities woodworking retailer to experience this trend. Timothy Roseth, who owns Woodcraft in Bloomington, said his average customer is a 55-year-old male with disposable income who's soon to retire or already retired.
"It sounds stereotypical, but it's often the guy whose wife wants him to get a hobby because he's underfoot at home."
A 59-year-old family owned company, Rockler now has 29 stores in 21 states, including three Twin Cities stores, in Maplewood, Burnsville and Minnetonka.
Revenue was between $100-$150 million in 2012, Jackson said, with the highest-performing stores in densely populated areas of California and New York.