Sears is planning to close 150 additional stores in an attempt to “enhance liquidity and stabilize operating performance,” the company announced Thursday. The company also confirmed that it has struck a deal to sell its Craftsman brand of tools to Stanley Black & Decker for $900 …
Read More »Melanie Moul
Sears to Close 30 More Stores in Q1
Sears has announced it will close more than 30 Kmart and Sears stores in the first quarter of 2017 in response to poor third-quarter earnings, according to Business Insider. The retailer made an internal announcement, but did not publicly state which …
Read More »National Hardware Show® Exclusive: Use $100K to Reimagine Retail
When it comes to providing a setting for retailers to learn about the latest trends, see the hottest new products and network with other progressive industry leaders, there is no venue quite like that of the National Hardware Show® in …
Read More »House-Hasson Adds Sales Staff in 3 States
House-Hasson Hardware has added sales staff in Pennsylvania, Florida and Louisiana to serve the company’s existing retailers and grow its business in those states. The regional distributor is looking to strengthen its current customers and its presence in areas where it already …
Read More »Menards Investigated for Possible Labor Law Violation
The National Labor Relations Board (NLRB) is addressing another potential labor law violation by Menards. The NLRB issued a complaint regarding the big box home improvement retailer for possibly violating labor laws by classifying its delivery drivers as independent contractors instead of …
Read More »Amazon Has Started Delivering by Drone
Amazon made its first successful delivery by unmanned drone to a customer this month. The online retailer delivered an Amazon Fire TV stick and popcorn Dec. 7 in a rural area near Cambridge, England, just a few miles from an Amazon fulfillment …
Read More »Stanley to Sell Mechanical Security Business in $725M Deal
Stanley Black & Decker has entered into an agreement to sell most of its commercial mechanical security business, according to the company. Swiss company Dormakaba will purchase Stanley’s commercial mechanical security brands Best Access, phi Precision and GMT for $725 million …
Read More »House-Hasson Advisory Group Recommends Dealer Market Changes
An advisory group made up of some of House-Hasson Hardware’s largest or oldest customers developed four significant changes for future House-Hasson dealer markets at a pre-market meeting in October. The advisory group meets at least annually to share with House-Hasson leaders …
Read More »