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Lowe’s Appoints New Chief Financial Officer

Lowe's

Lowe’s will have a new chief financial officer starting March 3. The big-box retailer has chosen Marshall A. Croom to replace Robert F. Hull Jr. in the role. Hull is retiring after 17 years with the company and will stay through March to help with …

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National Retail Federation Show Focuses on Future of Retailing

National Retail Federation

Thousands of people from across the retail industry arrived in New York to focus on the future of retailing over the weekend at the National Retail Federation convention. The retail trade association kicked off its 106th annual conference and exhibits, Retail’s Big Show 2017, in New …

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Military Vet Benefits From Ace Hardware Program

military

When Mark Rand considered buying a hardware store, he learned Ace Hardware Corp. offers a financial incentive to help military veterans like him start, buy or expand Ace stores. Retailers who join Ace Hardware or open new store locations pay an affiliation fee for their stores to be …

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How Would You Reimagine Retail With $100K?

reimagine retail

As you pack your bags to attend the National Hardware Show® May 9-11, plan for what you may bring home—product samples, information and possibly $100,000 to reimagine retail in your business! This year, the National Hardware Show is making a point to invest even …

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Sears Announces 150 Additional Store Closures

Berkowitz

Sears is planning to close 150 additional stores in an attempt to “enhance liquidity and stabilize operating performance,” the company announced Thursday. The company also confirmed that it has struck a deal to sell its Craftsman brand of tools to Stanley Black & Decker for $900 …

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Stanley Buying Craftsman Tool Business in $900M Deal

Craftsman Products

Stanley Black & Decker is buying Sears’ iconic Craftsman tool brand in a deal valued at about $900 million. With the acquisition, which the manufacturer announced Thursday, Stanley will own the rights to develop, make and sell Craftsman products. The deal is expected to close this year. …

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