News

Following the success of its first virtual market in the spring, Home Hardware Stores Ltd. is proud to announce plans for another virtual event. The 2020 Fall Market, set for Sept. 13-20, will be held virtually. “We are pleased with …

Ace Hardware Corp. reported first-quarter growth in sales and profit that partially reflect changing consumer needs due to the COVID-19 pandemic. The co-op’s revenue was $1.4 billion during the first quarter, an increase of 3.8 percent above the first quarter …

In its first-quarter 2020 financial results, big-box retailer Target reports total revenue of $19.6 billion, an 11.3 percent rise from the same period in 2019. While its stores remained open amid COVID-19 in the U.S., Target also experienced significant digital …

After declaring bankruptcy in February, home decor retailer Pier 1 Imports is set to begin “an orderly wind-down” of operations. “This decision follows months of working to identify a buyer who would continue to operate our business going forward,” says …

Central Network Retail Group (CNRG), the multiformat, multibrand retailer which operates 109 hardware stores, home centers and lumberyards in 15 states, will purchase H&M Lumber in West Helena, Arkansas. The West Helena store currently offers a full assortment of building …

Big-box home improvement chain Lowe’s has announced net sales of $19.7 billion in the first quarter of 2020, an 11.3 percent increase over the same period in 2019. Sales grew more than 23 percent over results from the fourth quarter …

Big-box home improvement retailer Home Depot announced first-quarter 2020 sales of $28.3 billion, representing a 7.1 percent increase from the same period in 2019, according to the company. The total sales for the first quarter of 2020 are more than …

After filing for bankruptcy, J.C. Penney has announced plans to close more than 240 stores within the next two years, reducing its brick-and-mortar presence by nearly 30 percent, reports CBS News. The retailer currently operates 846 stores but plans to …