Industry News

Walmart reported sales and revenue increases for its first quarter of 2018, with growth in its U.S., international and e-commerce segments. U.S. sales were $77.7 billion during the quarter, an increase of 3.1 percent above the same time period in …

The Craftsman tool brand, previously owned by Sears, has introduced a select line of products in Lowe’s stores and on its website, Lowe’s has confirmed. According to Lowe’s, “select CRAFTSMAN mechanics tool sets, tool storage, garage organization, flashlights and pressure …

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Home Depot released its first-quarter 2018 financial results May 15, reporting an increase in sales. The company achieved $24.9 billion in sales during the quarter, for a 4.4 percent increase above the same period in 2017. By April 29, Home …

Last week, the city of Las Vegas brought the heat in many ways. In addition to warm weather, the 2018 National Hardware Show® and the North American Retail Hardware Association’s (NRHA) All-Industry Conference presented a sizzling showcase of unique products, …

Walmart has confirmed a $16 billion deal to buy a controlling stake in Flipkart, an Indian e-commerce company. The acquisition “is the largest acquisition yet by the world’s largest retailer,” according to an article from the Associated Press. Within the …

Together, the National Hardware Show® and North American Retail Hardware Association (NRHA) All-Industry Conference have offered insight into what’s new and important in the home improvement industry. The show and conference were held May 8-10 in Las Vegas. “This year’s …

House-Hasson Hardware, an independent, regional hardware distributor based in Tennessee, is launching a major expansion of one of its two product warehouses. The company is adding a 50,000-square-foot addition to its Prichard, West Virginia, facility. The warehouse will have 300,000 …