Spectrum Paint Co. and members of the Richard family have announced plans to acquire the assets of Richard’s Paint Mfg. Co. in Rockledge, Florida. Spectrum, together with Eric Richard and Edward Richard Jr., will make up the ownership team of …
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Tractor Supply Co. Reports Record Sales and Profits in Q3
Rural lifestyle chain Tractor Supply Co. reports record sales and profits in the third quarter of 2020, including a 31.4 percent rise in net sales during the period. In total, net sales for the three-month period ending Sept. 26 amounted …
Read More »Existing Home Sales Rise 9.4% in September
Existing home sales rose 9.4 percent in September over August levels, reports the National Association of Realtors (NAR). The rise in September sales marks the fourth consecutive month of existing home sales growth. In total, 6.5 million existing homes were …
Read More »Westlake Ace to Open 22nd Store in Kansas City
Westlake Ace Hardware has announced plans to open a new store in Kansas City’s historic Brookside neighborhood. Westlake Ace is leasing a 6,600-square-foot retail space for the store and will have a soft opening in late 2020 or early 2021. …
Read More »PPG Reports $3.7B in Q3 Net Sales
Pittsburgh-based paint manufacturer PPG has reported its third-quarter 2020 financial results, recording $3.7 billion in net sales, a 4 percent drop from the same period in 2019. Net income from continuing operations for PPG hit $442 million. Selling prices rose …
Read More »Latest Houzz Data Highlights Home Improvement Strength
New data from home renovation and design platform Houzz suggests the home improvement market has recovered to pre-pandemic activity levels, reporting the strongest construction activity since the third quarter of 2018. “The results from the Houzz Q4 Renovation Barometer show …
Read More »STIHL Names New Director of Sales
Outdoor power equipment manufacturer STIHL has appointed Murray Bishop as the company’s director of sales. Bishop is a 21-year veteran of STIHL and most recently served as the branch director at Pacific STIHL. In his new role, Bishop will oversee …
Read More »3 Ways to Stay Active After the National Hardware Virtual Show
After four days of the latest products, incisive industry research and inspiring stories of success from independent home improvement retailers, it’s a wrap on the National Hardware Virtual Show and the NRHA All-Industry Conference! “We are truly grateful to everyone …
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