Industry News

Do it Best reported $4.57 billion in sales for the fiscal year ending June 29, 2024, a 30% increase compared to 2019. The Fort Wayne, Indiana-based co-op also announced the second-highest member rebate in its history. “Our team faced a …

Do it Best has announced Kerry Hasselbach as the co-op’s new director of marketing. Hasselbach brings more than 20 years of experience and a proven track record of success in leadership roles across the home and retail industries, making her …

Ace Hardware released its financial report for Q2 2024 this week. The company reported second quarter 2024 revenues of $2.7 billion, an increase of $81.7 million, or 3.1%, from the second quarter of 2023. Net income was $114.4 million for …

Michael Mott has agreed to sell his four Ace Hardware stores in Pennsylvania to the Aubuchon Company. The stores will continue to operate as Ace Hardware. After closing in October, the Aubuchon Company will operate 123 stores in nine states.  “Mike …

Lowe’s Companies Inc. today reported net earnings of $2.4 billion for the second quarter ended Aug. 2, with total sales for the quarter down 5.6% year over year to $23.6 billion. Comparable sales for the quarter decreased 5.1% driven by …

Northern Ohio based E&H Hardware Group, a fourth-generation hardware retailer operating predominantly under the E&H Ace Hardware name, announced a CEO succession plan and additional leadership changes set to take effect Jan. 1, 2025. Christopher Buehler, current vice president of …

Do it Best wrapped its 2024 summer internship program with a $1,000 scholarship awarded to intern Ethan Schrek, a business analytics and applied computational mathematic and statistics student at University of Notre Dame. The internship program provides students with the …