The National Retail Federation’s (NRF) ninth annual Organized Retail Crime (ORC) Survey found 93.5 percent of retailers say they have been victims of organized retail crime in the past year, down slightly from 96.0 percent in 2012. For the past three years, …
Read More »Amanda Bell
Littlejohn & Co. Completes Acquisition of Handy Hardware
Littlejohn & Co., LLC, a private investment firm based in Greenwich, Conn., has completed the acquisition and recapitalization of Handy Hardware. Handy Hardware emerged from Chapter 11 after the U.S. Bankruptcy court in Wilmington, Del. approved the transaction in July. …
Read More »Train Employees on Product Knowledge
When putting together a training plan for your employees, identify your key summer categories, then identify any new products. Your employees need to have all the information they need to sell them. They also likely need a refresher course on …
Read More »Court Rules in Retailers’ Favor on Debit Swipe Fee Reform
A federal judge threw out a Federal Reserve rule on fees banks can charge merchants when they swipe customers’ debit cards, saying the Fed didn’t do enough to limit the charges. The ruling won’t have an immediate effect on debit …
Read More »Unemployment Rate Down to 7.4%
Both the number of unemployed, at 11.5 million, and the unemployment rate, at 7.4 percent, were down in July. These measures were down by 1.2 million and 0.8 percentage point over the year, respectively, the U.S. Bureau of Labor Statistics …
Read More »“Our Ads Reach the Hardware Store Owner”
To watch the video, click here. A testimonial by a manufacturer who advertises in Hardware Retailing magazine.
Read More »HIRI’s Fall Conference Set for Oct. 16
The Home Improvement Research Institute’s 2013 Fall Conference will take place Oct. 16 at The Crowne Plaza Chicago O’Hare Hotel and Conference Center with the theme of “Changing Home Improvement Attitudes & Behaviors.” Presentation topics will include future consumer behaviors, …
Read More »True Value’s Revenue Up 2Q
True Value reported revenue of $411.5 million, an increase of 1.0 percent for the same period a year ago, for the second quarter. The quarterly net margin for the co-op was $23.8 million, up 7.2 percent from a year ago. …
Read More »