Larry Frattallone, founder and operator of Frattallone’s Ace Hardware in Arden Hills, MN, and his two sons, Tom and Mike Frattallone, have agreed to sell their business and operating assets to Central Network Retail Group LLC (CNRG), a multiformat, multi-brand …
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R.P. Lumber, a fast growing family-owned Midwest hardware and building materials retailer, continues to grow with the pending acquisition of long time competitor Alexander Lumber. Headquartered in Aurora, Illinois, Alexander Lumber is a 130-year-old family-owned company with locations in Illinois, …
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Update: Small Business Rising has updated their toolkit to last through the 2021 holiday season. Download it here. Kick off Small Business Saturday with the Small Business Rising Holiday Toolkit. Small Business Rising developed these materials for business owners and …
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Ace Hardware released its third quarter financial report this week, reporting record Q3 revenues of $2 billion, an increase of 1.4 percent on top of last year’s increase of 30.7 percent. It also posted a record net income of $99.3 …
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This week, several Big-Box organizations released their Q3 financials, with most reporting continued sales increases in an already successful year. Lowe’s reported net earnings of $1.9 billion and diluted earnings per share (EPS) of $2.73 for the third quarter. Those …
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After more than 494,000 total votes cast for 216 entrants, Independent We Stand (IWS) has announced the quarterfinalists for their sixth annual America’s Main Street contest, “Road to Recovery.” The next phase of voting will take place Nov. 15 through …
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The month of October saw a jump in three leading consumer metrics—inflation, price gains and overall retail sales. According to the U.S. Labor Department Consumer Price Index for All Urban Consumers, inflation increased 0.9 percent in October, following a modest …
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If an operation didn’t already utilize e-commerce and contactless systems before the pandemic, they most likely added them during the shutdowns to better serve their customers. Customers have come to expect these options, so retailers should stay on top of …
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