Retailers from around the world gathered at the Orgill Spring Dealer Market to find good deals, see new products and get ideas for improving their businesses. The show was Feb. 16-18 at the Ernest N. Morial Convention Center in New Orleans. “It’s …
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Investor Warren Buffett’s holding company recently cut back on its investment in Walmart and bought airline stock instead, reflecting pessimism about brick-and-mortar retailing, Business Insider reports. Buffett’s company, Berkshire Hathaway, sold $900 million in Walmart stock by the end of 2016. Buffett “acknowledged that traditional brick-and-mortar retailers were struggling …
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Ace Hardware Corp. plans to expand its Virginia facility that serves as the co-op’s central location for receiving imported products on the East Coast. The project will expand the facility in Suffolk, Virginia, by 138,000 square feet, growing its size to 474,000 square feet. …
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The Home Depot has been recognized this year for its “bold e-commerce strategy” by Fast Company magazine, which called the home improvement giant one of the most innovative retailers worldwide. The retailer ranks among Fast Company‘s top 50 businesses for innovation. The magazine annually honors businesses through “The World’s …
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Ace Hardware is continuing to promote its brand nationally through the PGA Tour. The co-op recently announced it is sponsoring pro golfer Jim Furyk, a 17-time winner on the PGA Tour and 2010 FedEx Cup champion. “On behalf of all of us …
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Electronics retailer Best Buy is testing outlet stores in four states as an alternative way to sell clearance and open-box merchandise, according to the Minneapolis/St. Paul Business Journal. The outlet stores will sell clearance and open-box merchandise at discounts up to …
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Sears Holdings is restructuring to reduce its costs by $1 billion in 2017, the company announced Feb. 10. The retailer has seen steadily declining sales at its Kmart and Sears stores, and has been looking for ways to get profitable again. Earlier this year, …
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The National Hardware Show® will be awarding one lucky retailer $100,000 to invest in the future of their business through its Reimagine Retail Program. The program is open to all independently owned home improvement/hardware retailers. Retailers will be able to enter …
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