Industry News

Do it Best Corp. announced its intentions to relocate its world headquarters to the site of the former General Electric campus in Fort Wayne, Indiana, where the co-op has been headquartered for 75 years. The GE campus, known as Electric …

Ace Hardware Corp. reported a record fourth quarter revenue in 2019 of $1.5 billion, a 6.1 percent increase from the fourth quarter of 2018. Net income was $3.5 million for the quarter, a decrease of $21.7 million from the fourth …

For the first time in many years, members and guests attended the Do it Best Spring Market in February at the Indiana Convention Center in Indianapolis. Three years ago, the co-op announced it would be transitioning both of its annual …

The deadline to submit nominations for the 2020 Young Retailer of the Year program is fast approaching. Nominations are due Feb. 28. Why Nominate? Honorees benefit from exposure for themselves and their businesses, and they build a network with like-minded …

The rates U.S. merchants pay to accept Visa cards at their stores will see its highest rise in a decade, according to a new report from Bloomberg. Visa’s interchange rates, which are fees charged each time a consumer uses a …

Builders are constructing more houses now than at any time before last decade’s foreclosure crisis, and the increased construction activity is resulting in higher lumber prices, reports The Wall Street Journal. Since last June, lumber futures have risen more than …

At its first National Sales Meeting in Oak Brook, Illinois, on Jan. 7-8, 2020, Emery Jensen Distribution announced a new national partnership with building materials distributor PrimeSource Building Products, Inc. and aligned the Emery and Jensen sales teams as one …

Retailers gathered in Nashville, Tennessee, for House-Hasson’s Spring Super Savings event, the first of its three annual dealer markets. Along with special market-only discounts on an array of new products, House-Hasson staff was on hand to deliver important updates on …