Industry News

Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, says Jack Kleinhenz, National Retail Federation (NRF) chief economist. “The U.S. economy lost some spring in its step during the …

3M announced a 90,000-square-foot expansion to its facility in Valley, Nebraska. The expansion will increase the plant’s manufacturing capacity and add roughly 40 new jobs. The $67 million investment includes new production lines, equipment and warehouse, and will help 3M more …

As part of its international strategy, Koelnmesse and its International Furniture and Interiors Fair (IMM Cologne) have entered into a strategic partnership with Colombia’s La Feria De Diseño Medellín, the leading design event in Latin America and The Caribbean. This …

R.P. Lumber Co. Inc. plans to acquire the Mount Carroll Home Center, an independently owned retailer of hardware, lumber and building materials in Mount Carroll, Illinois.  “We’ve been friendly competitors and industry peers with R.P. Lumber for as long as …

One of 13 locations for Stine Home + Yard, the Pineville store has expanded to serve DIY and home improvement customers. The Pineville Stine Home + Yard has operated mainly as a lumberyard since 2021, following the company’s purchase of …

The U.S. Department of Labor (DOL) announced a final rule of a revision to the Fair Labor Standards Act (FLSA). Currently, salaried employees making less than $35,568 fall under the FLSA overtime pay protections, ensuring that if they work more …

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Since cutting his teeth at an independent hardware store all through high school, Al Comeaux has lived, led and researched change from inside numerous organizations, including senior leadership positions at Travelocity, GE, Sabre and American Airlines. Today, he helps leaders …