Industry News
PPG Reports Q3 Financials, Announces Segment Sale
During the third quarter of 2024, PPG reported $4,575 million in sales, a 1% increase year over year. Net income during Q3 hit $468 million, jumping 10% from Q3 2023, when it was $426 million. Total sales volume also increase …
Read More »Benjamin Moore Seeks Balance With 2025 Color of the Year
A mix of heathered plum and velvety browns, Cinnamon Slate 2113-40 is Benjamin Moore’s 2025 Color of the Year. “As the use of more saturated color in design has increased in recent years, we are seeing a growing interest in …
Read More »Do it Best CEO Adds New Insights to True Value Purchase Plans
In response to Monday’s announcement that Do it Best is entering into an agreement to purchase the assets of True Value Company (pending the outcome of True Value’s Chapter 11 Bankruptcy filing on Oct. 14th), Hardware Retailing’s editorial team sat …
Read More »NRF Predicts Holiday Sales Growth
The National Retail Federation (NRF) forecasts between 2.5% and 3.5% growth in holiday spending from 2023, equating to between $979.5 billion and $989 billion in total holiday spending in November and December of 2024. “The economy remains fundamentally healthy and …
Read More »True Value Files for Chapter 11 Bankruptcy, Do it Best Bids to Acquire Assets
In one of the biggest deals the independent home improvement industry has seen in decades, Do it Best has announced its bid to acquire substantially all assets from True Value, which filed for Chapter 11 bankruptcy under private equity ownership. …
Read More »Do it Best Driver Named Ruan Transportation Driver of the Year
Ruan Transportation Management Systems named Do it Best driver Dean Key of Milbank, South Dakota, as its 2023 Driver of the Year. Key has 40 years of driving experience, including 28 years with Ruan, one of the largest family-owned transportation …
Read More »Hurricane Helene Relief Efforts in the Independent Channel
As communities across the southeast recover from the devastating impacts of Hurricane Helene, independent home improvement retailers in those areas and beyond are stepping up and spearheading recovery efforts. The Aubuchon Company The company added supplies such as cases of …
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