The North American Retail Hardware Association (NRHA) is awarding two scholarships to attend the Fall 2017 class of the NRHA Retail Management Certification Program in the name of one of the program’s greatest supporters—former Aubuchon Hardware CEO Marcus Moran Jr. The …
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If Sears Goes Bankrupt, Will Stanley Lose Craftsman?
Sears Holdings Corp. has acknowledged “substantial doubt” in its ability to stay out of bankruptcy, which may kill recent sales of its businesses, such as Craftsman. The struggling retailer released its annual report on Tuesday, and the news was dismal. Based on information from …
Read More »Ace Hardware CEO: In a Retail War, ‘Differentiate or You Die’
When Ace Hardware’s top executive stepped on stage at the start of the co-op’s spring buying show, he had fierce words for fighting competitors: find weakness and “attack it relentlessly.” President and CEO John Venhuizen spoke March 16 to kick …
Read More »Expansion, Efficiency Key Themes at Blish-Mize Spring Buying Market
There were big crowds, busy aisles and a positive atmosphere at the Blish-Mize Spring Buying Market, which was held last weekend in Overland Park, Kansas. Customers gathered to find new products, good deals and more. “We’ve seen strong attendance,” says …
Read More »HIRI, The Farnsworth Group Announce Partnership
The Home Improvement Research Institute (HIRI) is continuing to deliver market research on the home improvement industry through a new partnership with market research firm The Farnsworth Group, according to a recent press release from The Farnsworth Group. Through this …
Read More »Participate in the 2017 Cost of Doing Business Study
The North American Retail Hardware Association (NRHA) is now compiling data for the 2017 Cost of Doing Business Study. When you submit your financial data for this year’s study, you’ll become a part of history. This year marks the 100-year anniversary of …
Read More »True Value Releases 2016 Year-End Results
True Value Company today released its year-end results for fiscal 2016, which included increases in gross billings, retail comp-store sales, net margin and more. The co-op reported total gross billings of $2,073.7 million for the fiscal year ending Dec. 31, up 2 percent. …
Read More »Stanley Finalizes Purchase of Craftsman Brand From Sears
Stanley Black & Decker announced it has completed its purchase of the Craftsman brand from Sears Holdings Corp. for approximately $900 million. The acquisition, which was first announced in January, gives “Stanley Black & Decker the right to develop, manufacture and sell …
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