With rising mortgage rates approaching 7% and high construction costs, new home sales dropped by double digits in September. The National Association of Home Builders (NAHB) reported that sales of newly built, single-family homes fell 10.9% in September, according to …
Read More »Lindsey Thompson
Ace Hardware to Open More Than 170 Stores This Year
Ace Hardware has already opened 130 new stores in 2022 and is planning to open at least an additional 40 stores in Q4 for more than 170 stores by the end of the year. Ace operates more than 5,600 locally …
Read More »Mead Lumber Purchases Teague Lumber Co.
Mead Lumber Company will be purchasing Teague Lumber Co., Inc. of Kansas City, Missouri. Teague Lumber has served the Kansas City metro area as a full-service lumberyard and building material supplier for residential and light commercial new construction since 2002. …
Read More »Beloved Store Cat Returned to Granby Ace Hardware
Every morning at Granby Ace Hardware in Granby, Colorado, Morris the cat takes on pest duty, ridding the hardware store and the neighboring buildings of mice and other vermin. Morris is more than just an employee serving the customers of …
Read More »Growing Up Hardware: T&M Hardware Owners Grow a Family and a Business
Wanting to operate a hardware store that offered more than just home improvement products, Tim and Mary Post opened T&M Hardware and Rental in Ellwood City, Pennsylvania, in 1991 with the mission to serve their community. In the three decades …
Read More »On the Web: November
There’s much more to discover from the November edition of Hardware Retailing. Browse the links below to uncover new innovations, trends and resources to lead your operation to success.
Read More »The Next Chapter: 3 Business Transition Strategies to Explore
Whether planned or unexpected, every business changes hands at some point, and most make a transition several times in the life of the operation. According to the PwC 2021 Family Business Survey, 50% of family businesses expect to increase the …
Read More »In Memoriam: Do it Best Board Member Rich Lender
The home improvement industry is mourning the loss of Rich Lender, who died in a car accident on Oct. 25. He was a newly elected member of the Do it Best Board of Directors, and president and CEO of Your …
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