In its fourth-quarter 2018 financial results, big-box retailer Lowe’s reports a net loss of $824 million. This figure is in contrast to net earnings of $554 million during the same period in 2017. Sales for the fourth quarter came to …
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Independent Garden Center Show, National Hardware Show® Launch New Event
The Independent Garden Center Show (IGC) and the National Hardware Show® (NHS) have partnered to introduce the Independent Home Improvement Show – Powered by NHS. The new event will take place Aug. 13-15 at McCormick Place in Chicago. Strategically aligned …
Read More »Sears and Amazon Share Similar Pasts, Divergent Futures
Click the picture to download a PDF of this story. By Todd Taber, ttaber@nrha.org Reinvention of the Retail Giant Founded nearly a century apart, Sears and Amazon echo one another through the decades. Both companies began as small startups indistinguishable from most. Sears …
Read More »The 2019 Reimagine Retail Program Dives Into Products
Click the picture to download a PDF of this story. By Melanie Moul, mmoul@nrha.org Use Your Reimagination Each year, the National Hardware Show® (NHS) develops new opportunities for independent retailers to explore the show floor and expand their businesses. Three years …
Read More »Ace Hardware Is Focused on Retailer-Centric Change and Growth
Click the picture to download a PDF of this story. Onward and Upward By Kate Klein, kklein@nrha.org Ace Hardware Corp. is on a growth path that maintains its retailer-owned cooperative model, continues to pursue its core values and finds new, adaptive ways to …
Read More »Brothers Grow a Business by Saving Struggling Stores
From Famine to Flourish Brothers Martin and Art Ruggiero—owners of Desert Foothills Ace Hardware in Phoenix—were already business partners before most kids their age had moved on from their high school and college jobs. Their father, Al, had opened a …
Read More »Insight From 3 Ace Hardware Executives
Hardware Retailing magazine spoke with three top executives from Ace Hardware Corp. to learn more about the co-op’s latest merchandising, logistics and marketing initiatives. John Surane, Executive Vice President, Chief Merchandising and Sales Officer Lori Bossmann, Executive Vice President, Chief Supply Chain …
Read More »Venhuizen Q&A: Ace Maintains Mission While Embracing Change
John Venhuizen President and CEO Venhuizen has worked at Ace Hardware for more than 25 years, serving in a variety of leadership positions. In the past, he has overseen marketing, business development, strategy, supply chain, IT and Ace International. Hardware …
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