Do you or one of your employees have what it takes to be named a 2019 Young Retailer of the Year honoree? Now in its 23rd year, the Young Retailer of the Year program highlights the accomplishments of the newest …
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Revenue, Store Sales Up for Ace Hardware
Ace Hardware Corp. reported revenue and same-store sales growth for the third quarter of 2018. The co-op’s quarterly revenues were $1.43 billion, an uptick of 6.3 percent from third-quarter 2017. The growth was the result of adding new stores, increasing retail …
Read More »Federal Changes to Housing Affordability
Homeownership benefits home improvement retailers for clear reasons, including the fact that homeowners maintain and upgrade their houses with products retailers sell. Buying, though, is more difficult than it used to be, due to high prices and a limited number …
Read More »Do it Best Names New Rental Merchandise Manager
Do it Best Corp. has announced the promotion of Lauren Wilson to rental merchandise manager, effective Dec. 3. Wilson will develop, implement and communicate comprehensive programs for the co-op’s rental, impulse, snacks and store supplies departments, as well as work …
Read More »Benchmark Your Business With 2018’s Market Measure
Click the picture to download a PDF of this story. The Industry’s Annual Report While 2018 has shaped up to be another relatively strong year for sales in the home improvement industry, we may be facing a perception problem that …
Read More »Q&A: A Perspective on Home Sales, Remodeling and Construction
Paul Bishop is the vice president of research for the National Association of Realtors® and leads the research division’s survey and market research activities, which include analyzing real estate business and policy issues. He took questions from Hardware Retailing magazine about the …
Read More »Distribution America and PRO Group Bring Industry Together at Annual Event
More than 350 distributors and manufacturers attended the annual Executive Planning Conference (EPC), hosted by Distribution America and PRO Group at the JW Marriott Starr Pass Resort in Tucson, Arizona, Nov. 14-16. Attendees participated in more than 2,600 one-on-one sessions, …
Read More »Lowe’s Reports Q3 Financials; Plans to Exit Mexico
In its third-quarter financial results, big-box home improvement retailer Lowe’s reported net earnings of $629 million. The company also announced plans to “exit its Mexico retail operations,” according to a press release. In the second-quarter of 2018, the company reported …
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