News

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.” The cooperative saw fourth-quarter 2016 revenues of $1.2 billion, an increase of 5.8 percent from the fourth quarter of 2015. …

Lowe’s is making another round of staffing cuts at its corporate headquarters and two support facilities, according to the Charlotte, North Carolina, NBC affiliate, WCNC. About 430 positions at the company’s corporate headquarters in Mooresville, North Carolina, were eliminated Tuesday, along …

While retailers in other sectors have been struggling, The Home Depot’s fourth quarter 2016 financial results marked overall growth for the company, according to a press release by the Home Depot. The big-box retailer reported 5.8 percent growth over the …

Home improvement retailers came from around the globe to discover new products, attend educational seminars and network with other business owners at the True Value Spring Reunion. The weather was cold and rainy, but spirits were high as retailers used their …

Retailers from around the world gathered at the Orgill Spring Dealer Market to find good deals, see new products and get ideas for improving their businesses. The show was Feb. 16-18 at the Ernest N. Morial Convention Center in New Orleans. “It’s …

Investor Warren Buffett’s holding company recently cut back on its investment in Walmart and bought airline stock instead, reflecting pessimism about brick-and-mortar retailing, Business Insider reports. Buffett’s company, Berkshire Hathaway, sold $900 million in Walmart stock by the end of 2016. Buffett “acknowledged that traditional brick-and-mortar retailers were struggling …

Ace Hardware Corp. plans to expand its Virginia facility that serves as the co-op’s central location for receiving imported products on the East Coast.  The project will expand the facility in Suffolk, Virginia, by 138,000 square feet, growing its size to 474,000 square feet. …

The Home Depot has been recognized this year for its “bold e-commerce strategy” by Fast Company magazine, which called the home improvement giant one of the most innovative retailers worldwide. The retailer ranks among Fast Company‘s top 50 businesses for innovation. The magazine annually honors businesses through “The World’s …