Industry News

The Department of Labor announced it is requesting feedback from the Office of Management and Budget on a proposed policy that would make millions more Americans eligible for overtime pay, reports The Washington Post. The policy was introduced by the …

Valley Supply Hardware’s building in Rising Sun, Indiana, is a cavern of charred and melted power tools, fixtures, furniture, computers and all of the other supplies needed to operate a local hardware store. Two men were convicted on burglary and arson charges …

Ace Hardware Corp. has launched a new financing program for Ace Hardware store owners in an effort to help fuel new store growth efforts. The financing program gives qualified Ace store owners access to up to $200,000 in a dollar-for-dollar equity match …

PRO Group member distributors had the opportunity to meet with more than 95 manufacturers at the recent Group Merchandising Conference in Chicago. The conference, which took place June 19-22, began with a meeting for PRO Group members to introduce themselves and a …

Tariffs the U.S. government implemented in late April on Canadian softwood lumber haven’t had a jarring impact on lumber prices in the U.S. so far, according to some American lumberyard owners. U.S. Secretary of Commerce Wilbur Ross explained in an …

On June 16, Amazon announced it would be acquiring the high-end grocery chain Whole Foods Market for $13.7 billion, reports The Wall Street Journal. The acquisition gives the online retailer a network of more than 460 stores “that could serve as beachheads for …

In a recent episode of “Fast Money” on CNBC, former Home Depot CEO Bob Nardelli spoke about how Home Depot has found success in both traditional and online retailing. “They are using the bricks and the clicks together,” Nardelli says in the …

Sears Canada has filed for bankruptcy protection, according to a company report released Thursday. Over the past 18 months, Sears has taken on restructuring initiatives, including developing technology systems, redefining its brand positioning and updating its product assortment, according to the company. As …