Ace Hardware Corp. today reported both revenue and net income growth for the second quarter of 2016. The home improvement co-op’s second-quarter 2016 revenues were $1.4 billion, a 0.6 percent increase from the second quarter of 2015. Net income for the period was …
Read More »Kate Klein
Walmart Tests Fixed Employee Scheduling
Walmart is trying out a new method for offering fixed employee scheduling at approximately 650 stores, according to The Wall-Street Journal. The system allows select employees to have a set schedule for six months at a time, rather than finding out three …
Read More »Home Depot CEO: Homeowners Are Investing
Homeowners are living in their houses longer than in the past, home values are increasing and millennials are forming their own households—all good news for Home Depot, according to CEO Craig Menear. “All of those have actually helped our business. I …
Read More »New CEO for World and Main
National distributor World and Main has hired former building supply company executive Bryan Yeazel as its new president and CEO, effective immediately. Yeazel replaces G. Stephen LeGraw, who served as interim CEO for the past few months following executive staff changes, …
Read More »Like Home Depot, Lowe’s to Open Direct Fulfillment Center
Here’s a change for Lowe’s: The company is opening a direct fulfillment facility to ship products straight to consumers in an effort to expand its online sales and speed up deliveries. Rival Home Depot already operates three direct fulfillment centers that support its growing online …
Read More »Moving Forward With World and Main Market
The World and Main Fall Market last week presented retailers with opportunities to connect with each other, meet with vendors and buy products at special prices. The buying show, which is World and Main’s first Houston market since retiring the Handy Hardware name and branding in January, …
Read More »Stepping Out: Retailers Talk Selling and Exiting a Business
You’ve heard the stories. A store owner is ready to retire or gets ill and can no longer manage his or her business, and no family member or employee is next in line to take over. Sometimes, the future of …
Read More »Expert Q&A: How to Prepare a Business to Sell
Accurately assessing the value of a business is challenging but important for preparing a store to sell and setting a realistic asking price. Hardware Retailing spoke with Gary Pittsford, president and CEO of Castle Wealth Advisors in Indianapolis, to get advice …
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