According to a local news outlet, Mike McCord didn’t want to pressure his son to consider taking over the family business, McCord’s Do-It Best hardware store. Quite the opposite — he had contemplated auctioning or closing the business in 10 …
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Existing-Home Sales Up in May, Inventory Levels Improving
Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month earlier. Total existing-home sales1, which …
Read More »As Retailers Worry About Port Strike, Imports Surge
Facing uncertainty over an unsettled labor dispute between West Coast dockworkers and the operators of port terminals and shipping lines, imports are expected to reach their highest monthly volume in at least five years in July, according to the Global …
Read More »Pending Home Sales Spike
Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors®. All four regions of the country saw increases in pending sales, with the Northeast and West …
Read More »Home Improvement Manufacturers Share Positive Sentiments
The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s Current Situation Index improved in June to 337.5 from 320.8 in May. Manufacturers also indicate plans to invest in mobile devices and confirm the importance of a strong housing …
Read More »Mobile Retail Apps Continue to Be Popular Across Generations
CFI Group has published its Retail Satisfaction Barometer, which reveals consumer expectations during the shopping process, specifically noting the popularity of mobile technology. The report uncovered that the use of mobile applications for shopping purposes doubled in the past year, …
Read More »Ace Hardware Named Wholesale Supplier for New Zealand Retailer, Mitre 10
Effective July 1, Ace Hardware International Holdings, Ltd., has signed an agreement to be a wholesale supplier to Mitre 10, a New Zealand cooperative comprised of 81 member-owned stores. Retail locations vary in size from convenience formats to a larger …
Read More »Ace, TIM-BR MART Part Ways
Ace Hardware, faced with the termination its long-standing partnership with TIM-BR MART Group in just two months, contacted NRHACanada with an official statement about its intentions in Canada. The statement, from Robert Moschorak, president of Ace Hardware International, makes clear the …
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