The Home Depot has announced first-quarter 2019 sales of $26.4 billion, for a 5.7 percent sales increase above the same period in 2018, the company reports. Home Depot says comparable store sales in the U.S. for the quarter were up …
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Ace Hardware Sees Income, Revenue Growth in First Quarter
First-quarter 2019 was a period of growth for Ace Hardware Corp. The Oak Brook, Illinois, co-op on May 22 reported first-quarter 2019 revenues of $1.4 billion, an increase of 5.1 percent from the first quarter in 2018. Net income was $22.6 million …
Read More »Ace Hardware Acquires 50 Great Lakes Ace Stores
Ace Hardware Corp. confirmed May 22 that the co-op now has full ownership of the Great Lakes Ace Hardware chain. The co-op’s first-quarter financial report says that Ace Hardware experienced revenue increases in early 2019, in part due to the acquisition of …
Read More »Do it Best Spring Market Focuses on Innovation, Experience
The 2019 Do it Best Spring Market landed in Indianapolis May 17-20, and the co-op brought expanded opportunities for members to discover new products and enhance customer experiences. “It’s all about customer experience,” says Rich Lynch, Do it Best Corp. vice president …
Read More »What to Know About the Methylene Chloride Ban
In a March 15 decision, the U.S. Environmental Protection Agency (EPA) banned the manufacturing and selling of paint and coating removal products that contain methylene chloride if the products are being sold for consumer use. The rule takes effect May …
Read More »Targeting Multiple Generations of Shoppers With Events
Retail events are attracting shoppers from across generations, but younger shoppers are the biggest fans. Nearly 50 percent of all U.S. consumers attended an in-store event in 2018, according to research from the National Retail Federation (NRF). More shoppers from …
Read More »Ace Looks to Experiences, Relationships for Store Success
In-store experiences and customer relationships were major topics at the Ace Hardware Spring 2019 Convention & Exhibits. Howard Schultz, former chairman and CEO of Starbucks, spoke at the convention’s general session, which kicked off the March 26-28 buying show in …
Read More »Navigating Changing Marijuana Laws
Drug policy concerns for businesses are getting more complex throughout the U.S. as states begin enforcing new laws that allow licensed medical marijuana use or both medical and recreational uses. Attorney Luke Wake from the National Federation of Independent Businesses …
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