On Monday, the independent home improvement industry woke up to some of the biggest news in decades as Do it Best announced its bid to acquire substantially all assets from True Value, which filed for Chapter 11 bankruptcy under private …
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Ace International to Discontinue Support of Ace Canada Dealers
According to a letter sent to Ace Canada dealers this week, starting in 2025, Ace International will no longer support or supply Ace Canada dealers. The letter was signed by Ed Dentzman, Ace Hardware Corp. vice president of international finance. …
Read More »NHPA Offers Tools, Reassurances to Retailers Potentially Impacted by True Value Bankruptcy
PPG Reports Q3 Financials, Announces Segment Sale
During the third quarter of 2024, PPG reported $4,575 million in sales, a 1% increase year over year. Net income during Q3 hit $468 million, jumping 10% from Q3 2023, when it was $426 million. Total sales volume also increase …
Read More »Benjamin Moore Seeks Balance With 2025 Color of the Year
A mix of heathered plum and velvety browns, Cinnamon Slate 2113-40 is Benjamin Moore’s 2025 Color of the Year. “As the use of more saturated color in design has increased in recent years, we are seeing a growing interest in …
Read More »Do it Best CEO Adds New Insights to True Value Purchase Plans
In response to Monday’s announcement that Do it Best is entering into an agreement to purchase the assets of True Value Company (pending the outcome of True Value’s Chapter 11 Bankruptcy filing on Oct. 14th), Hardware Retailing’s editorial team sat …
Read More »NRF Predicts Holiday Sales Growth
The National Retail Federation (NRF) forecasts between 2.5% and 3.5% growth in holiday spending from 2023, equating to between $979.5 billion and $989 billion in total holiday spending in November and December of 2024. “The economy remains fundamentally healthy and …
Read More »True Value Files for Chapter 11 Bankruptcy, Do it Best Bids to Acquire Assets
In one of the biggest deals the independent home improvement industry has seen in decades, Do it Best has announced its bid to acquire substantially all assets from True Value, which filed for Chapter 11 bankruptcy under private equity ownership. …
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