After nearly 20 years of service, John Mergy, vice president of information technology for Do it Best, announced his retirement this week. Mergy first joined Do it Best as the manager of the IT division’s project management office, quickly advancing …
Read More »Lindsey Thompson
Become a VIP at NHS With the Hosted Buyer Program
The only event bringing together all channels of the home improvement industry, the National Hardware Show (NHS) is the ultimate hardware and home improvement event. The 2025 National Hardware Show will take place March 18-20, 2025, in Las Vegas and …
Read More »Industry Wholesalers Reach Out to True Value Retailers
As the True Value bankruptcy and planned sale to Do it Best continues to move forward, with a scheduled closing date of Nov. 22, several industry wholesalers have reached out publicly to offer support to True Value retailers and court …
Read More »Ace Hardware Releases Q3 2024 Results
In the third quarter of 2024, Ace Hardware marked record revenues of $2.4 billion, an increase of 2.8% from the third quarter of 2023. Grilling, power tools and outdoor power equipment showed the largest gains. Net income hit $99 million, …
Read More »Vendors Seek Return of Goods or Payment From True Value, Courts List Exec Bonuses and Payouts
(Disclosure: NHPA, which publishes Hardware Retailing and Paint & Decorating Retailer magazines, is among the vendors involved in theTrue Value bankruptcy claims.) As the True Value Company LLC bankruptcy and sale to Do it Best continues to move forward, several …
Read More »Merit Distribution Group Promotes Geff Lynch to CEO
The Merit Distribution Group LLC announced the promotion of its current president, Geff Lynch, to CEO. Lynch will now be responsible for all aspects of Lancaster’s paint sundry distribution operation and the EJ Welch flooring businesses. A 38-year plus industry …
Read More »Home Depot Co-Founder Bernard Marcus Dies at 95
Bernard “Bernie” Marcus, the co-founder of The Home Depot, died Monday at the age of 95. According to a news release from Home Depot, Marcus was the son of Russian Jewish immigrants and grew up in a tenement in Newark, …
Read More »True Value Temporarily Suspends Drop Ship Program
On Monday, Nov. 4, True Value sent a notification to vendors and retailers, stating that it was temporarily suspending its drop ship program to remain focused on primary business during the bankruptcy case and sale to Do it Best. (In …
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