After record 2015 sales, Ace Hardware Corp. expected but underestimated a revenue drop in third-quarter 2016, according to the co-op’s top executive. Ace’s financial performance in third-quarter 2015 was the best in the company’s history, with revenue up 13.2 percent and net …
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CEO: Lowe’s Q3 Was ‘Below Our Expectations’
Lowe’s net earnings took a hit in the third quarter of 2016, failing to perform as well as leadership projected. “Our third-quarter operating results were below our expectations due to slower sales in the first two months of the quarter,” …
Read More »Home Depot’s Q3 Sales Higher Than Expected
Big-box retailer Home Depot reported today better-than-expected third-quarter profits and sales, topping analysts’ predictions. The company announced sales of $23.2 billion for the third quarter of fiscal 2016. This is a 6.1 percent increase from the third quarter of fiscal 2015. Comparable …
Read More »5 Post-Election Changes for Businesses
The election is over, so what’s next for businesses in the coming years? Donald Trump is the next president, some states are increasing minimum wages and a variety of other changes are ahead for U.S. companies. Do you know what to expect? Inc. magazine offers …
Read More »Customers Are Redefining What Fast Delivery Means
Two days. That’s how much time you have to get orders onto customers’ doorsteps if you want them to think your delivery is quick. The number of customers who say three- to four-day shipping is fast dropped from 63 percent to 42 …
Read More »Enduring Traditions: Military Service and Hardware
Residents of Ellicott City, Maryland, patronize Clarks Ace Hardware for reasons beyond their latest home improvement project. Shopping at the store allows them to support a local, family-owned business. The business has a team of hardworking individuals, many of whom are …
Read More »Retailers, Manufacturers and Distributors to Gather at Annual Conference
Are you eager to share your thoughts with channel partners? Are you curious about how fellow independent retailers are faring? Do you want to know what’s ahead for the independent market? If you answered yes to any of these questions, …
Read More »Do It Best Corp. Selects New Sales and Business Development VP
Do it Best Corp. has announced Nick Talarico will assume the role of vice president of sales and business development. He will replace Jay Brown, who will retire from the position on Dec. 31. In this position, he will lead a team …
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