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Lowe’s Condensing Ace Canada Operations

peavey industries

Lowe’s is consolidating Ace Canada operations this year so the big-box retailer and the cooperative will share Canadian distribution functions. Ace Canada will close two distribution centers and its main office in the country. Lowe’s distribution network and head office in …

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Amid Employee Layoffs, Lowe’s Reports Profitable Q4

Lowe's

Fourth-quarter earnings increased for Lowe’s, following the company’s announcement of additional layoffs at its corporate headquarters and two support facilities. On March 1, the big-box retailer reported net earnings of $663 million, up by $11 million during the fourth quarter of 2015. Sales for the fourth quarter increased to …

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To Fight Terrorism, ‘Be Observant’ in Your Store

Terrorism

See Something, Say Something In mid-September, three men entered Lyell Crest True Value and bought pipe caps, pipe nipples, cable ties, roofing nails, electrical tape, timers, wooden matches and wire. At the checkout counter, the trio asked the cashier if …

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All Eyes on Independents at Conference

industry challenges

To view a PDF of this story, click here. Conference Reveals Insights Into Industry Challenges, Opportunities As a group, independent home improvement retailers are optimistic about the near future, with 78 percent saying they expect to see sales increase over …

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Discovering Ganahl Lumber, Past and Present

Ganahl Lumber

When customers walk through the doors of Ganahl Lumber in Anaheim, California, they are immediately taken back to the earliest days of the family-owned business, which is still a thriving enterprise. To encourage customers to learn about the history, the entrance of the …

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Lumber Liquidators: Sales Down, Losses Up in 2016

Lumber Liquidators this month reported a boost in net sales during the fourth quarter of 2016, but the full year’s financial performance reflected woes that began in 2015. In 2015, investigations into the chemical contents of the flooring discounter’s Chinese-made laminate started major …

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Year-End Financials Look Good for Ace, Home Depot

financials

The Home Depot and Ace Hardware Corp. released their fourth-quarter and year-end earnings reports this week, showing positive results for both. Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” Read …

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