Industry News

Last-minute shoppers gave holiday sales a boost, possibly improving sales overall for the shopping season, according to Reuters. On trend with a good selling season, Amazon reports very strong holiday sales, with customers using Amazon Prime more than than in any other year. Amazon Prime is a paid subscription …

Sears is planning to close 150 additional stores in an attempt to “enhance liquidity and stabilize operating performance,” the company announced Thursday. The company also confirmed that it has struck a deal to sell its Craftsman brand of tools to Stanley Black & Decker for $900 …

Stanley Black & Decker is buying Sears’ iconic Craftsman tool brand in a deal valued at about $900 million. With the acquisition, which the manufacturer announced Thursday, Stanley will own the rights to develop, make and sell Craftsman products. The deal is expected to close this year. …

Sears has announced it will close more than 30 Kmart and Sears stores in the first quarter of 2017 in response to poor third-quarter earnings, according to Business Insider. The retailer made an internal announcement, but did not publicly state which …

When it comes to providing a setting for retailers to learn about the latest trends, see the hottest new products and network with other progressive industry leaders, there is no venue quite like that of the National Hardware Show® in …

In 2016, J.C. Penney has experimented with multiple product categories that compete directly with home improvement retailers, and the year isn’t quite over yet. The Texas company began selling heating, ventilation and air conditioning systems in November in test stores in …

The final stores from Lowe’s failed Australian joint venture closed this month. Lowe’s partner in the business, Woolworths Limited, oversaw liquidation of the Masters Home Improvement assets. Additionally, the company announced that all stores would cease operating after Dec. 11. The chain had more …

House-Hasson Hardware has added sales staff in Pennsylvania, Florida and Louisiana to serve the company’s existing retailers and grow its business in those states. The regional distributor is looking to strengthen its current customers and its presence in areas where it already …