Pennsylvania Lumbermens Mutual Insurance Company (PLM) recently appointed Steve Sallah and Don Blackwell to its board of directors. Sallah previously served as the president and CEO of LBM Advantage for 13 years until his retirement in 2024. Sallah began his …
Read More »Annie Palmer
Homeownership Rates Down in Q1 2025
The homeownership rate saw a recent dip, declining to 65.1% in the first quarter of 2025, the lowest level since the first quarter of 2020, according to an analysis by the National Association of Home Builders. Housing affordability is also …
Read More »Sherwin-Williams Releases Q1 2025 Financials
The Sherwin-Williams Company announced its financial results for Q1 2025, with the first quarter ending on March 31, 2025. The Paint Stores Group of Sherwin-Williams Company saw same-store sales increase by 1.2%, up from a 0.1% decrease in Q1 2024, …
Read More »Mother’s Day Spending Expected to Reach Record High
Consumer spending this Mother’s Day is expected to reach $34.1 billion, according to the National Retail Federation (NRF) and Prosper Insights & Analytics, up from last year’s $33.5 billion. 84% of U.S. adults are expected to celebrate Mother’s Day, with …
Read More »Do it Best Group Announces Executive Promotion
The Do it Best Group announced the promotion of Shane Burnworth to the role of True Value divisional merchandise manager. Burnworth most recently worked as merchandise manager for power tools at Do it Best, where he brought growth through strategic vendor …
Read More »Enhancing the Customer Experience in 2025
Retailers in the independent channel have the opportunity to cater to specific customer needs, tailoring their offerings and providing personalized customer service. According to the 2023 Zendesk Customer Experience Trends Report, over 50% of customers will switch to a competitor …
Read More »Mortgage Rates See Uptick in April
Mortgage rates increased slightly in April, with the average 30-year fixed-rate mortgage landing at 6.73%, according to Freddie Mac. An analysis from the National Association of Home Builders notes the rising rates followed a sell-off in U.S. Treasury securities, driven …
Read More »Home Depot to Expand in 2025
The Home Depot footprint continues to expand across North America, with more than 20 new locations opening in the U.S. since 2023. The company recently outlined its newest store locations across multiple states throughout the rest of the year. Spring …
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