Industry News

Following its $2.25 billion agreement to acquire Kodiak Building Partners, QXO is outlining how the deal fits into its push to reach  $50 billion in building products distribution by 2030. Joe Checkler, senior vice president of communications for QXO, says …

Lowe’s recently announced a new partnership with Affirm, allowing Lowe’s customers to have more flexibility while paying for products. Through the partnership, Affirm will offer Lowe’s customers payment plans online and on the Lowe’s mobile app. Lowe’s will also be …

Koelnmesse Italy and Buyer Point, the Italian Event of Brico Home & Garden, are joining forces this year to create one event for the international hardware market. Buyer Point will take place in Milan on May 27, 2026, following the …

Canadian Industries Limited (CIL) recently announced the company’s new logo and renewed mission, revealing a new chapter for the company. “Today we unveil more than a new CIL logo and mission,” says Tim Fisher, CIL co-president of retail. “We are …

Lowe’s recently cut approximately 600 jobs from both corporate and support roles, citing a shift in focus to in-store employees. “This step helps better align our resources to support our stores and the associates who serve customers every day,” says …

Combining AI chat, task management and operations analytics—tied directly to a retailers POS inventory—FastQuery is an AI copilot built for independent home improvement retailers. FastQuery helps store associates quickly find product information like aisle numbers, price and comparable items using voice commands and …

Do it Best and True Value released their financials for the first half of fiscal year 2026, the first full fiscal year that includes True Value. Do it Best saw a slight decrease in gross sales, largely due to deflation …

Inflation dropped in January to the lowest level in eight months, according to an analysis from the National Association of Home Builders’ Eye on Housing. The Consumer Price Index (CPI) components have resolved distortions from the government shutdown last October, …