Finding quality employees who stay long term and have the potential to become a next-generation store leader is a concern independent home improvement retailers express to the North American Retail Hardware Association (NRHA). Recruiting members of Generation Z—who are the …
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Executive Planning Conference Scheduled for November
Manufacturers and distributors will gather this fall in order to discuss new business relationships and strengthen existing partnerships. Distribution America and PRO Group-affiliated distributors will connect with manufacturers Nov. 14-16 at the JW Marriott Marco Island Beach Resort in Florida for the annual Executive …
Read More »Exec: Ace Creates ‘Potent Combination’ With Big-Box Hires
Ace Hardware’s latest high-level hires came from three of the large public companies that compete with Ace stores—and that’s an advantage, according to the co-op. Many of Ace’s corporate positions are filled with people whom Ace has promoted internally. But …
Read More »J.C. Penney Financial Exec Steps Down
J.C. Penney announced Monday that its executive vice president and chief financial officer, Edward Record, would vacate his position effective July 11 “to pursue other interests,” according to the company. Record joined the apparel and home goods retailer in March …
Read More »Fred Whyte, Former President of STIHL Inc., Dies at 70
Fred Whyte, power tool icon and former president of STIHL Inc., died on July 7 surrounded by family and friends at his Virginia Beach, Virginia, home. The “Man of STIHL” was 70 years old. Originally from Vancouver, British Columbia, Whyte began …
Read More »House-Hasson Market Brings in New Vendors, Younger Faces
The House-Hasson Hardware Summer Dealer Market in June drew new vendors and younger retailers. Vendor participation at the regional distributor’s buying show, which took place June 15-17 in Sevierville, Tennessee, was up about 15 percent year over year, House-Hasson officials say. An …
Read More »More Than 2,000 Exhibitors Expected at International Garden Fair
The international garden fair spoga+gafa is slated to feature more than 2,000 exhibitors from 59 countries this year. The annual event, which is scheduled for Sept. 3-5, will again be located in Cologne, Germany, and will serve as a showcase for outdoor living and …
Read More »Home Depot Buys Power Equipment Company for $265M
The Home Depot has announced an agreement to purchase Compact Power Equipment Inc., a national provider of equipment rental and maintenance services, for $265 million in cash. The transaction, which Home Depot confirmed July 6, is expected to close by the …
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