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Industry News

Housing Starts Up 6.8 Percent in May

Nationwide housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units in May due primarily to increased production of multi-family homes, according to released data from the U.S. Department of Housing and Urban Development and the …

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True Value Launches Discover Credit Card Program

True Value recently introduced the True Value Discover® credit card program for True Value retailers and customers in the United States. The program connects retailers to consumers with new offerings that pass financial benefits and incentives along to the consumer …

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Growing Consumer Confidence, Spending Accelerate May Retail Sales

May retail sales (excluding automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted from April and increased a strong 4.8 percent unadjusted year-over-year, according to data released by the U.S. Department of Commerce. The National Retail Federation attributes the …

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2013 Young Retailer of the Year Award Winners

This year, NRHA honors eight of the best and brightest young retailers in the industry with its Young Retailer of the Year awards. Click on each of the names below to see a multi-media presentation of their accomplishments. Under $2 …

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Sources Say Orchard Supply Considering Bankruptcy Filing

Orchard Supply Hardware

Orchard Supply Hardware Stores Corp., the chain spun off by Eddie Lampert’s Sears Holdings Corp. 17 months ago, is considering a bankruptcy filing as soon as next week, according to a Bloomberg News story. Orchard Supply, based in San Jose, California, said …

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