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True Value Announces Second Quarter Results

True Value Company reported gross billings of $568.0 million for the quarter ending June 28, 2014, up 4.6 percent or $25.1 million from $542.9 million for the same period a year ago. Revenue was $429.5 million, an increase of 4.5 …

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Frank Blake Joins Delta Air Lines’ Board of Directors

Home Depot Chairman and Chief Executive Officer Frank Blake is joining Delta Air Lines’ board of directors, the carrier according to the Atlanta Journal-Constitution. Blake, a former deputy secretary of the U.S. Energy Department, has been chairman and CEO of …

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RONA and Ace Form New Partnership

RONA and Ace Hardware have announced a long-term agreement for master licensing of the Ace brand in Canada. Under this agreement, RONA has specific rights and privileges with respect to Ace Hardware brands, retail operating systems and web portals. RONA …

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Wal-Mart Replaces U.S. CEO

Wal-Mart Stores Inc replaced its U.S. head Bill Simon with Asia chief Greg Foran. According to Reuters, the moves comes as Wal-Mart seeks to restore the fortunes of its largest business after a year of sluggish sales. A 35-year retail …

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Exclusive: Ace Tells All About Mitre 10 Alliance

Beginning July 1, Ace Hardware  became the wholesale supplier to Mitre 10, a New Zealand cooperative comprised of 81 member-owned stores. Hardware Retailing magazine interviewed Robert Moschorak, president of Ace Hardware International regarding some of the details of the agreement in the following exclusive …

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