Industry News

True Value Company and its secured lenders, led by PNC, today reached a major milestone agreement to avoid the liquidation of the 75-year-old Chicago-based distributor in a move that will push the sale to Do it Best forward for now. The …

R.P. Lumber Co. Inc. plans to acquire Guyot Lumber & Hardware, an independently owned retailer of hardware, lumber and building materials in Perryville, Missouri. The transaction, scheduled to close on Nov.1 marks R.P. Lumber’s eighth acquisition this year and its …

The U.S. economy grew at 2.8% in Q3 2024, according to the estimate released by the Bureau of Economic Analysis. This growth follows a 3.0% increase in Q2 of 2024. This quarter’s growth matched the National Association of Home Builders …

TAL Building Centers has named Gaven Gregory as its vice president of operations for the east. Gregory brings extensive leadership experience in retail and business operations, having held key roles at Valley Wide Cooperative, True Value Company and The Home …

Do it Best has hired Curtis Smith as the new executive director of the Do it Best Foundation. In this role, Smith will focus on building the foundation’s impact and presence in the communities it serves. “I’m deeply honored to …

While there is no way to repay the sacrifices made by veterans of the armed forces, the North American Hardware and Paint Association (NHPA) recognizes that not only have these individuals made a lasting impact on their country, but they …

Nation’s Best hosted its second annual Women’s Leadership Retreat, an event dedicated to fostering leadership development, personal wellness and connection among the company’s female leaders. This year’s retreat saw significant growth, with attendance increasing by 50%, expanding beyond female store …

The True Value regional distribution centers (RDCs) are preparing for potential layoffs and shutdowns in light of the Chapter 11 bankruptcy and potential Do it Best purchase announcements earlier this month. So far, 11 of the 13 True Value RDCs …