Lowe’s is consolidating Ace Canada operations this year so the big-box retailer and the cooperative will share Canadian distribution functions. Ace Canada will close two distribution centers and its main office in the country. Lowe’s distribution network and head office in …
Read More »Kate Klein
Lumber Liquidators: Sales Down, Losses Up in 2016
Lumber Liquidators this month reported a boost in net sales during the fourth quarter of 2016, but the full year’s financial performance reflected woes that began in 2015. In 2015, investigations into the chemical contents of the flooring discounter’s Chinese-made laminate started major …
Read More »Year-End Financials Look Good for Ace, Home Depot
The Home Depot and Ace Hardware Corp. released their fourth-quarter and year-end earnings reports this week, showing positive results for both. Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” Read …
Read More »Selling Outdoor Projects That Enhance Home Values
Yardwork That Pays for Itself When homeowners start working on their yards this spring, many of them will likely tackle projects they hope will improve the resale values of their homes. The National Association of Realtors surveyed 2,000 real estate …
Read More »Phillips Hardware Has a Long History of Giving and Adapting
To view a PDF of this story, click here. By Kate Klein, kklein@nrha.org Continuing a Legacy of Kindness A fire on Christmas Day destroyed a Phillips Hardware employee’s apartment building, and his co-workers were quick to help. The staff from the …
Read More »Ace Hardware Reports Solid Growth, Despite ‘Challenging Year’
Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” The cooperative saw fourth-quarter 2016 revenues of $1.2 billion, an increase of 5.8 percent from the fourth quarter of 2015. …
Read More »Warren Buffett Cuts Walmart Investments
Investor Warren Buffett’s holding company recently cut back on its investment in Walmart and bought airline stock instead, reflecting pessimism about brick-and-mortar retailing, Business Insider reports. Buffett’s company, Berkshire Hathaway, sold $900 million in Walmart stock by the end of 2016. Buffett “acknowledged that traditional brick-and-mortar retailers were struggling …
Read More »Ace Hardware Expanding Distribution Facility for Imported Products
Ace Hardware Corp. plans to expand its Virginia facility that serves as the co-op’s central location for receiving imported products on the East Coast. The project will expand the facility in Suffolk, Virginia, by 138,000 square feet, growing its size to 474,000 square feet. …
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