Industry News

The National Hardware Show® has announced John Hartmann, president and CEO of True Value, will serve as a keynote speaker at this year’s event, held May 7-9 in Las Vegas. Hartmann’s keynote speech will take place Tuesday morning, May 7, …

On Feb. 14, Ace Hardware Corp. reported revenue and same-store sales growth for fourth-quarter and full-year 2018. The co-op saw quarterly revenues of $1.4 billion, an increase of 5.7 percent from the fourth quarter in 2017. Revenues for the entire year …

Amazon has canceled plans to build one of the sites of its second headquarters in New York City, reports The New York Times. After being granted nearly $3 billion in financial incentives, the online giant faced stiff criticism from some …

Home Depot is laying off employees within its U.S. exterior installation staff, Business Insider reports. According to the article, the layoffs affect fewer than 1,000 employees. “After reviewing the installation business, we’ve decided it’s right to wind down our roofing, …

The clock is ticking to submit a nomination for the 2019 Young Retailer of the Year program! For 23 years, the Young Retailer of the Year program, presented by the North American Retail Hardware Association (NRHA), has highlighted the successes …

Sears will live to sell another day, CNN reports. After reviewing a $5.2B bid to save the company, bankruptcy court judge Robert Drain approved the sale of most of Sears’ assets to ESL Investments, the hedge fund managed by Edward …

A new report from the Associated Press outlines some of the federal tax changes small business owners should be aware of as they begin filing their annual returns. Take a moment to review a few of the tax changes for …

Lowe’s is officially pulling the plug on Iris, its line of smart home products and security systems, tech news website CNET reports. Lowe’s sent an email to Iris users informing them their devices will no longer work as of March …