When Dave Thompson purchased Main Street Ace Hardware from its former owner, Floyd Craft, he didn’t plan on making any changes to the Bowling Green, Ohio, store, which has been in its same location since 1987. But with every acquisition, …
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How Engaging Employees Increases Your Bottom Line
Imagine you’re 13 years old at summer camp, eagerly waiting on the dock in front of a line of row boats. You and five other campers scramble into the first boat. You’re sitting up front, ready to lead the way …
Read More »Strategies to Build a Better LBM Category
With the recent uncertainty in lumber pricing due to the pandemic and continuing supply chain issues, optimizing your LBM category is essential to its success. M&M Lumber Co. was established in 1964 in Tulsa, Oklahoma, by Jim McKellar Sr. and …
Read More »Crafting Job Descriptions to Attract High-Caliber Candidates
With ongoing labor shortages and hiring challenges, keeping your business properly staffed can be a daunting task. According to the World Economic Forum, there are currently more than 10.7 million job openings but only 5.7 million potential employees to fill …
Read More »Market Measure 2023: The Industry’s Annual Report
While we have all grown somewhat hardened to hearing terms like “uncertainty” and “unprecedented” over the past two years, as we close the books on 2022, we are still left trying to accurately define what the home improvement market is …
Read More »3 Ways to Mitigate the Impacts of Theft and Fraud
From organized smash-and-grabs to employee embezzlement and fraud, retailers have been reeling from an increase in asset and product loss since the start of the pandemic. Theft and fraud have always been an unfortunate part of the retail scene, but …
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