Discount home goods retailer Big Lots announced today it has filed for Chapter 11, and its stores and operations have been acquired by private equity firm Nexus Capital Management. “The actions we are taking today will enable us to move …
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Every year, the National Retail Federation ranks the retail industry’s fastest growing companies based on year-over-year retail sales. The 2024 list suggests finding ways to save is still a priority for consumers as five of the top 25 companies are …
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Do it Best announced the promotion of Lauren Wilson to building materials divisional purchasing manager, effective immediately. Wilson will enhance the company’s long-term, program-driven procurement process by fostering strategic supplier relationships that align with the growth goals of the Lumber …
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Today at the Independent Home Improvement Conference (IHI Conference), the North American Hardware and Paint Association (NHPA) announced the extension of several popular programs and the launch of two new ventures made possible through the ongoing support of the National …
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Do it Best reported $4.57 billion in sales for the fiscal year ending June 29, 2024, a 30% increase compared to 2019. The Fort Wayne, Indiana-based co-op also announced the second-highest member rebate in its history. “Our team faced a …
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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 …
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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 …
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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 …
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