Ace Hardware Corp. reported record third-quarter 2020 revenues, showing the ongoing growth of same-store and online sales during the COVID-19 pandemic. The growth in the third quarter follows a very strong second quarter, which was strongly shaped by consumer’s pandemic …
Read More »
Big-box home improvement chain Lowe’s has announced its third-quarter 2020 financial results, reporting $22.3 billion in sales for the quarter, about 28 percent higher than in the same period in 2019. Net earnings for Lowe’s amounted to $692 million, down …
Read More »
The COVID-19 pandemic derailed initial plans for celebrating the 100th anniversary of Frager’s Hardware & Garden Center, the longest continuously operating hardware store in Washington, D.C. Determined not to let the centennial pass by without recognition, the store staff organized …
Read More »
Pliers and hand tools manufacturer CHANNELLOCK® has completed a historic expansion of its Meadville, Pennsylvania, plant. In total, the project took about nine months to complete and is now fully operational. The expansion will allow the company to address increasing product …
Read More »
Big-box home improvement retail chain Home Depot has announced its third-quarter 2020 financial results, reporting $33.5 billion in total sales for the quarter, up $6.3 billion or 23.2 percent from the same period in 2019. Comparable sales for the third …
Read More »
Big-box retailer Home Depot has announced plans to acquire HD Supply Holdings Inc., a leading national distributor of maintenance, repair and operations (MRO) products. The acquisition is expected to position Home Depot as a lead supplier of MRO products, the …
Read More »
Building materials distributor US LBM has signed an agreement for Bain Capital Private Equity to acquire a majority stake in the company. US LBM will continue to operate under president and CEO L.T. Gibson and the current management team. Financial …
Read More »
Westlake Ace Hardware recently promoted Tony Jones to vice president of finance and controller. He replaced the retiring Pam Samulcek, who had served as vice president of finance and controller since 2006. In his new role, Jones leads all finance …
Read More »
Hardware Retailing The Industry's Source for Insights and Information
