Do it Best has announced Kerry Hasselbach as the co-op’s new director of marketing. Hasselbach brings more than 20 years of experience and a proven track record of success in leadership roles across the home and retail industries, making her …
Read More »Lindsey Thompson
Ace Hardware Shares Q2 2024 Financials
Ace Hardware released its financial report for Q2 2024 this week. The company reported second quarter 2024 revenues of $2.7 billion, an increase of $81.7 million, or 3.1%, from the second quarter of 2023. Net income was $114.4 million for …
Read More »Aubuchon Company Acquiring Mott Family of Ace Stores
Michael Mott has agreed to sell his four Ace Hardware stores in Pennsylvania to the Aubuchon Company. The stores will continue to operate as Ace Hardware. After closing in October, the Aubuchon Company will operate 123 stores in nine states. “Mike …
Read More »Lowe’s Adjusts Year-End Projections Down in Q2 Report
Lowe’s Companies Inc. today reported net earnings of $2.4 billion for the second quarter ended Aug. 2, with total sales for the quarter down 5.6% year over year to $23.6 billion. Comparable sales for the quarter decreased 5.1% driven by …
Read More »E&H Hardware Group Announces CEO Succession Plan and Leadership Changes
Northern Ohio based E&H Hardware Group, a fourth-generation hardware retailer operating predominantly under the E&H Ace Hardware name, announced a CEO succession plan and additional leadership changes set to take effect Jan. 1, 2025. Christopher Buehler, current vice president of …
Read More »Do it Best Awards Intern Scholarship
Do it Best wrapped its 2024 summer internship program with a $1,000 scholarship awarded to intern Ethan Schrek, a business analytics and applied computational mathematic and statistics student at University of Notre Dame. The internship program provides students with the …
Read More »Product Picks at Ace 2024 Fall Convention
While covering the Ace Hardware 2024 Fall Convention, which took place in Chicago August 8-10, I (Lindsey Thompson, NHPA managing editor) walked the show floor looking for the latest and greatest products. Here are my top five picks and why …
Read More »Poised for Growth: Q&A With House-Hasson President and CEO Steve Henry
In early July, House-Hasson finalized the acquisition of former Midwestern U.S. wholesale hardware distributor Bostwick-Braun’s warehouses and inventory. The acquisition adds two warehouses in Indiana and Arkansas, as well as more than 45,000 stock keeping units (SKU) to its existing …
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