Industry News

$966.6 billion. That amount is how much the National Retail Federation (NRF) forecasts will be spent on gifts and decorations from November 1 to December 31, a 3-4% increase from 2022.  NRF’s holiday forecast is based on economic modeling that …

In an email to retailers on Nov. 3, Ace Hardware president and CEO John Venhuizen updated retailers on the progress being made in remediating the cybersecurity incident that occurred over the weekend of Oct. 28-29.  Venhuizen shared that the Care …

Miller Paint has chosen a fungi-themed neutral tone for its 2024 Color of the Year. Mushroom is an earthy neutral that strikes a balance between warmth and brightness.  “Mushroom is from our Northwest Color Collection and takes its cue from the …

US LBM was recently included on the annual Inc. 5000 list, which ranks the nation’s fastest-growing privately held businesses. This is the first time US LBM has participated in the Inc. 5000 list, which reviews company data to create its …

Farm, pet and ranch chain Tractor Supply Co. announced its Q3 2023 financial report Thursday, noting 4.3% sales growth year over year for the quarter to $3.41 billion and slight decline in comparable store sales. “We delivered solid growth in …

The Federal Reserve released a proposal to lower the cap on debit card transaction fees, known as swipe fees. The National Retail Federation (NRF) responded to the proposal, saying it is a welcome move but leaves the fees higher than …

The HPM Foundation, the philanthropic arm of HPM Building Supply in Hawaii, has made a five-year pledge totaling $100,000 to the University of Hawaii Foundation to provide college scholarships to students enrolled at University of Hawaii (UH) campuses across the …

John H. Mize Jr., 84, former Blish-Mize Co. president and CEO, passed away on Oct. 22 after a short illness. Originally from Atchison, Kansas, Mize graduated from Atchison High School, attended the University of Kansas and later graduated from St. …