Ace Hardware released its financial report for Q2 2024 this week. The company reported second quarter 2024 revenues of $2.7 billion, an increase of $81.7 million, or 3.1%, from the second quarter of 2023. Net income was $114.4 million for …
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Aubuchon Company Acquiring Mott Family of Ace Stores
Michael Mott has agreed to sell his four Ace Hardware stores in Pennsylvania to the Aubuchon Company. The stores will continue to operate as Ace Hardware. After closing in October, the Aubuchon Company will operate 123 stores in nine states. “Mike …
Read More »Lowe’s Adjusts Year-End Projections Down in Q2 Report
Lowe’s Companies Inc. today reported net earnings of $2.4 billion for the second quarter ended Aug. 2, with total sales for the quarter down 5.6% year over year to $23.6 billion. Comparable sales for the quarter decreased 5.1% driven by …
Read More »E&H Hardware Group Announces CEO Succession Plan and Leadership Changes
Northern Ohio based E&H Hardware Group, a fourth-generation hardware retailer operating predominantly under the E&H Ace Hardware name, announced a CEO succession plan and additional leadership changes set to take effect Jan. 1, 2025. Christopher Buehler, current vice president of …
Read More »Do it Best Awards Intern Scholarship
Do it Best wrapped its 2024 summer internship program with a $1,000 scholarship awarded to intern Ethan Schrek, a business analytics and applied computational mathematic and statistics student at University of Notre Dame. The internship program provides students with the …
Read More »Poised for Growth: Q&A With House-Hasson President and CEO Steve Henry
In early July, House-Hasson finalized the acquisition of former Midwestern U.S. wholesale hardware distributor Bostwick-Braun’s warehouses and inventory. The acquisition adds two warehouses in Indiana and Arkansas, as well as more than 45,000 stock keeping units (SKU) to its existing …
Read More »Behind the Scenes of Color of the Year With Valspar
Earlier this week, Valspar announced its 2025 Color of the Year: Encore (available at Lowe’s) and Epic Adventure (available at independent home improvement stores). To learn more about this bold color selection and for more on the strategy behind selecting a color …
Read More »Bliffert Lumber Announces Executive Promotion
Bliffert Lumber announced the promotion of Josh Brown to chief operating officer, marking a new milestone in his 23-year career with the company. Brown joined Bliffert Lumber in 2001, working at the lumber counter at the Morgan Avenue location. Since …
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