The Home Depot today reported fourth-quarter and overall fiscal 2015 sales growth, crediting a recovering housing market among the reasons for the increases. Sales were $21 billion for the fourth quarter of 2015, for a 9.5 percent increase from the fourth quarter of …
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True Value Spring Reunion Promotes Momentum
True Value retailers from around the world gathered in Houston to check out the latest products, network, attend educational sessions and focus on ways to build momentum in their businesses at the True Value Spring and Rental Reunion. General Session Focuses on Improvements …
Read More »Business as Usual for Ace Canada, Regardless of RONA-Lowe’s Deal
A partnership that Canadian company RONA made with Ace Hardware in 2014 is unchanged at this time, regardless of news that big-box giant Lowe’s is buying RONA. RONA’s TruServ division, which is a home improvement distributor and former co-op, recently …
Read More »Warren Buffett and Independents That Sell Paint
Paint retail chain J.C. Licht has sold to a private businessman, reaffirming its former owner’s commitment to selling paint only through independent businesses. Elliot Greenberg, a former executive from regional home improvement chain Ring’s End, announced this month that he bought …
Read More »Sears’ Ongoing Struggle to Compete
Sears is continuing to feel the heat from its competitors, including those that may have learned from its mass distribution model. The company, which was the front-runner in mass distribution starting in the 1800s with its mail-order catalogs, is now …
Read More »Do it Best Corp. Provides Scholarship for NRHA Training Program
Garrett Retz from Cardwell Do it Best Home Center in Indianapolis is attending the Spring 2016 class of the North American Retail Hardware Association’s (NRHA) Retail Management Certification Program, thanks to a $6,250 scholarship sponsored by Do it Best Corp. …
Read More »Going Mini With the Tiny House Trend
If you’ve watched home design shows or you’ve browsed through Pinterest much, you may have seen examples of the homes attracting varying types of homeowners to the tiny house movement. According to The Tiny Life, a resource for people seeking information on tiny living, …
Read More »Hardware Stores Seeing Housewares Sales increase
Housewares sales have dropped overall in the U.S., but home improvement stores have increased market share for the category. Annual U.S. housewares expenditures slowed to 2.3-percent growth between 2013 and 2014, down from 5.9-percent growth between 2012 and 2013, according …
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