After nearly 20 years of service, John Mergy, vice president of information technology for Do it Best, announced his retirement this week. Mergy first joined Do it Best as the manager of the IT division’s project management office, quickly advancing …
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Sherwin-Williams Announces Q3 2024 Financials
Sherwin-Williams announced its third quarter financial results, reporting an increase of consolidated net sales by 0.7%. “Sherwin-Williams grew sales, expanded gross margin, increased EBITDA and adjusted diluted net income per share despite continued choppiness in the demand environment,” says Heidi Petz, Sherwin-Williams president …
Read More »Retail and Hospitality ISAC Releases Holiday Season Cyberthreat Trends Report
The holiday season is here, which means online shopping and activity is at its peak. The Retail and Hospitality Information Sharing and Analysis Center (RH-ISAC) recently released the 2024 Holiday Season Cyber Threat Trends Report, detailing the threats the retail, …
Read More »Target Releases Q3 Financials
Target announced its financial results for the third quarter of 2024, noting strength in the digital channel as a main driver of sales growth. Comparable sales increased 0.3% in Q3, with digital sales increasing by 10.8%, due to same-day delivery …
Read More »Become a VIP at NHS With the Hosted Buyer Program
The only event bringing together all channels of the home improvement industry, the National Hardware Show (NHS) is the ultimate hardware and home improvement event. The 2025 National Hardware Show will take place March 18-20, 2025, in Las Vegas and …
Read More »Busy Beaver Announces Partnership With Upside
Busy Beaver has partnered with Upside, a digital marketplace that provides cash back opportunities for consumers. Both Nation’s Best and The Aubuchon Company announced partnerships with Upside since 2023. This partnership is set to boost new and infrequent customer traffic …
Read More »Lowe’s Total Sales, Comparable Sales Down in Q3 2024
Lowe’s Companies released its third quarter financial results, posting $20.2 billion in total sales, compared to $20.5 billion in Q3 2023. Comparable sales for the quarter decreased 1.1%, driven by continued softness in DIY large-ticket discretionary demand, which was offset …
Read More »Industry Wholesalers Reach Out to True Value Retailers
As the True Value bankruptcy and planned sale to Do it Best continues to move forward, with a scheduled closing date of Nov. 22, several industry wholesalers have reached out publicly to offer support to True Value retailers and court …
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