Industry News

Pending home sales were down in July, with higher mortgage interest rates slowing the market, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 1.3 percent to 109.5 in July from …

While the healthy level of activity across Canada appears to be something many retailers shared through most of the country, it may not be enough to put most retailers ahead in sales over last year. Central and Eastern Canada In …

The U.S. Bankruptcy Court for the District of Delaware recently approved Lowe’s acquisition of the majority of assets of Orchard Supply Hardware. Upon the transaction’s closing, Richard D. Maltsbarger, a Lowe’s executive who led the team to acquire Orchard, will …

The national “buy local” movement Independent We Stand is currently accepting nominations for the 2013 Independent Small Business of the Year Award Sponsored by Chrysler Group. The award celebrates the characteristics that make locally owned, independent businesses unique, like quality …

Retailers from around the globe arrived in Boston this week for Orgill’s Fall Dealer Market. The show, which opened Thursday morning, ran through Saturday. One of the most talked-about displays on the show floor was a comprehensive showcase for the …

Existing-home sales jumped in July, with the median price maintaining double-digit year-over-year increases, according to the National Association of Realtors® (NAR). Total existing-home sales increased 6.5 percent to a seasonally adjusted annual rate of 5.39 million in July from a downwardly revised …