Industry News

President Donald Trump announced he will sign an executive order imposing a new 10% global tariff. The order follows the U.S. Supreme Court’s ruling dismissing Trump’s attempt to impose tariffs using a law meant for national emergencies. The tariffs will …

Real GDP growth slowed in Q4 of 2025 in the wake of the historic government shutdown’s impact on the economy. While consumer spending continued to drive growth, federal government spending brought overall growth down over a full percentage point, according …

IKEA U.S. recently released its 2025 Annual Summary, highlighting key milestones in the company between Sept. 1, 2024 and Aug. 31, 2025. IKEA also announced plans to open four additional U.S. stores in 2026, further building on six other locations …

Housing affordability has declined at a significant rate in recent years, primarily driven by a decrease in price-to-income ratio, according to an analysis from the National Association of Home Builders (NAHB).  Home prices have risen 53% since 2019, while median …

Total housing starts for 2025 were down 0.6% from 2024, totaling 1.36 million, according to the recently released data from the U.S. Census Bureau and an analysis from the National Association of Home Builders. Single-family starts in 2025 were reported …

House-Hasson Hardware Company is appointing Jeff Land as chief executive officer. Land joins House-Hasson from Northern Tool & Equipment, where he currently serves as senior vice president of merchandising, inventory management, product management and global sourcing. He has previously served …

Canadian Tire Corporation released its financial results for the fourth quarter of 2025 and full year ending Jan. 3, 2026. Revenue in Q4 was reported at $4,551.1 million, Canadian Dollars, up 8.3% compared to CA$4,200.8 million in the same period …

Ace Hardware reported its Q4 2025 and full-year 2025 financial results, posting record Q4 revenues of $2.5 billion, a 9.9% increase year over year (YOY). Net income for Q4 was $44.2 million, a $9.6 million decrease YOY. Fiscal year 2025 …