Financial institutions and retailers are revisiting a disagreement over limits on credit card swipe fees, Reuters reports. The Dodd-Frank Act, which became law in 2010, established regulations within the financial services industry. One of those regulations was a limit on how much …
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Lumber Liquidators: Sales Down, Losses Up in 2016
Lumber Liquidators this month reported a boost in net sales during the fourth quarter of 2016, but the full year’s financial performance reflected woes that began in 2015. In 2015, investigations into the chemical contents of the flooring discounter’s Chinese-made laminate started major …
Read More »Year-End Financials Look Good for Ace, Home Depot
The Home Depot and Ace Hardware Corp. released their fourth-quarter and year-end earnings reports this week, showing positive results for both. Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” Read …
Read More »NRHA Abroad: Preserving Swedish Hardware History
The independent home improvement industry is consistently developing. Innovative retailers are moving forward with advancements like in-store pick up, omnichannel retailing and strategic digital marketing. Despite a rapidly evolving business world, one thing shouldn’t be lost: history. The Swedish Hardware Heritage Association’s …
Read More »Selling Outdoor Projects That Enhance Home Values
Yardwork That Pays for Itself When homeowners start working on their yards this spring, many of them will likely tackle projects they hope will improve the resale values of their homes. The National Association of Realtors surveyed 2,000 real estate …
Read More »Phillips Hardware Has a Long History of Giving and Adapting
To view a PDF of this story, click here. By Kate Klein, kklein@nrha.org Continuing a Legacy of Kindness A fire on Christmas Day destroyed a Phillips Hardware employee’s apartment building, and his co-workers were quick to help. The staff from the …
Read More »Ace Hardware Reports Solid Growth, Despite ‘Challenging Year’
Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” The cooperative saw fourth-quarter 2016 revenues of $1.2 billion, an increase of 5.8 percent from the fourth quarter of 2015. …
Read More »Lowe’s Makes Another Round of Corporate Layoffs
Lowe’s is making another round of staffing cuts at its corporate headquarters and two support facilities, according to the Charlotte, North Carolina, NBC affiliate, WCNC. About 430 positions at the company’s corporate headquarters in Mooresville, North Carolina, were eliminated Tuesday, along …
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