Industry News

Sears is planning to close 150 additional stores in an attempt to “enhance liquidity and stabilize operating performance,” the company announced Thursday. The company also confirmed that it has struck a deal to sell its Craftsman brand of tools to Stanley Black & Decker for $900 …

Stanley Black & Decker is buying Sears’ iconic Craftsman tool brand in a deal valued at about $900 million. With the acquisition, which the manufacturer announced Thursday, Stanley will own the rights to develop, make and sell Craftsman products. The deal is expected to close this year. …

Sears has announced it will close more than 30 Kmart and Sears stores in the first quarter of 2017 in response to poor third-quarter earnings, according to Business Insider. The retailer made an internal announcement, but did not publicly state which …

Retailers, distributors and manufacturers who attended the North American Retail Hardware Association’s (NRHA) second annual State of Independents Conference now have a detailed understanding of the performance and direction of the independent home improvement industry. The one-day conference, sponsored by …

To download a PDF of the complete 2016 Market Measure, please complete the form at the bottom of the page. The Ups and Downs of a Positive Year To simply state that 2016 has been a good year for home improvement …

The village of Fort Recovery, Ohio, is known for its rich history, whether it’s the battles that took place on the land in the late 1700s or the businesses that have been staples for years. Wangler Hardware is one of …

For residents of Katonah, New York, a trip downtown is like stepping back in time. Nestled in the downtown area is a store that mixes nostalgia with new innovations. That business is Kelloggs & Lawrence, which began as a hardware store in …

To download a PDF of this story, click here. Then, click here to read letters from a former NRHA publisher and three other NRHA staffers who also took some time to look back and reflect on their time spent working …