First-quarter financials are out for two of the home improvement industry’s big-box chains and two of the co-ops. Check out articles on the Q1 fiscal 2015 numbers by clicking the following links: Ace Hardware Corporation Home Depot Lowe’s True Value
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NRHA Visits, Learns From Retailers
The North American Retail Hardware Association (NRHA) takes great pride in helping independent home improvement retailers run better, more profitable businesses. To connect with retailers and learn how the association can serve them even better, NRHA president and CEO Bill Lee has committed to visiting all of …
Read More »Do it Best Corp. Expanding Into Saudi Arabia
Do it Best Corp. has come to an agreement with a new overseas affiliate to develop its first retail locations in Saudi Arabia. The agreement provides Saudi Arabia-based Albawardi Group exclusive development rights in the country and will lead to Attken …
Read More »Retired Ace Hardware Executive Dies at Age 94
Carl Bicking, former executive vice president of sales for Ace Hardware Corporation, died May 12 at the age of 94. He is survived by his wife of 69 years, Marian Bicking. Bicking was a World War II veteran who served in the Army Corps …
Read More »Association Plans China International Hardware Show
The China National Hardware Association is planning its fall show, which is an international exhibiting platform for the home improvement industry that connects buyers and manufacturers from across the globe. The China International Hardware Show is scheduled for Oct. 21-23 in Shanghai, …
Read More »Improving Your Online Presence
Having an online presence is extremely important in today’s retail climate. If nothing else, a business website needs to provide directions to locations and business operating hours because consumers expect to find that basic information online. But besides hours and …
Read More »Ace Hardware Announces Record Q1 Results
This week, Ace Hardware Corporation reported record revenue and net income for the first quarter of 2015. First-quarter revenues of $1.2 billion were 10 percent higher than the first quarter of 2014. Net income was $29.9 million for the first quarter of 2015, …
Read More »Lowe’s Announces First Quarter Results
Lowe’s Companies, Inc. today reported net earnings of $673 million for the quarter ending May 1, a 7.8 percent increase over the same period a year ago. Sales for the first quarter increased 5.4 percent to $14.1 billion, up from $13.4 billion in the first …
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