Households and businesses across Maryland will soon be able to recycle their leftover paint after a new law was approved by the Maryland legislature and signed on May 9 by Gov. Wes Moore. The program is anticipated to begin in …
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Ace Retail Holdings to Acquire 13-Store Illinois Chain
Ace Retail Holdings announced today it has agreed to acquire Bishop Ace Hardware, a 13-location chain in central Illinois. Joe Jeffries, president and CEO of Ace Retail Holdings, says the stores will retain their Ace branding, store management, personnel and …
Read More »NRF Says Economic Growth Slows, Consumer Spending Persists
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, says Jack Kleinhenz, National Retail Federation (NRF) chief economist. “The U.S. economy lost some spring in its step during the …
Read More »3M Expands Nebraska Facility
3M announced a 90,000-square-foot expansion to its facility in Valley, Nebraska. The expansion will increase the plant’s manufacturing capacity and add roughly 40 new jobs. The $67 million investment includes new production lines, equipment and warehouse, and will help 3M more …
Read More »Koelnmesse Expands With Exclusive Design Show in Colombia
As part of its international strategy, Koelnmesse and its International Furniture and Interiors Fair (IMM Cologne) have entered into a strategic partnership with Colombia’s La Feria De Diseño Medellín, the leading design event in Latin America and The Caribbean. This …
Read More »R.P. Lumber Acquiring Mount Carroll Home Center
R.P. Lumber Co. Inc. plans to acquire the Mount Carroll Home Center, an independently owned retailer of hardware, lumber and building materials in Mount Carroll, Illinois. “We’ve been friendly competitors and industry peers with R.P. Lumber for as long as …
Read More »Stine Home + Yard Expands Inventory at Pineville Location
One of 13 locations for Stine Home + Yard, the Pineville store has expanded to serve DIY and home improvement customers. The Pineville Stine Home + Yard has operated mainly as a lumberyard since 2021, following the company’s purchase of …
Read More »Department of Labor Revises Fair Labor Standard Act
The U.S. Department of Labor (DOL) announced a final rule of a revision to the Fair Labor Standards Act (FLSA). Currently, salaried employees making less than $35,568 fall under the FLSA overtime pay protections, ensuring that if they work more …
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