News

Lugbill Supply Center, located in Archbold, Ohio, has acquired Affiliated Lumber in Swanton, Ohio, expanding its operation to two locations in northwestern Ohio. Owner Isaac Weber recently received a Young Retailer of the Year award from the North American Hardware …

Ace Hardware Corp. reported first quarter 2024 revenues of $2.1 billion, an increase of $51.6 million, or 2.5%, from the first quarter of 2023. Increases were seen across many departments with outdoor power equipment, power tools and lawn and garden …

MARSHALLTOWN HAMMER, a wholly owned subsidiary of MARSHALLTOWN, announced the purchase of all Vaughan & Bushnell Manufacturing Co. assets.  “I am thrilled that MARSHALLTOWN HAMMER has successfully acquired the assets of Vaughan Manufacturing—it hasn’t been an easy process and their …

Last week, Hardlines Distribution Alliance (HDA) hosted its 21st Group Merchandising Conference (GMC) in Indianapolis. Attendees of the sold-out event took part in new events, including a new vendor preview, and enjoyed returning activities like the pre-scheduled meetings with vendors.  …

Households and businesses across Maryland will soon be able to recycle their leftover paint after a new law was approved by the Maryland legislature and signed on May 9 by Gov. Wes Moore. The program is anticipated to begin in …

Ace Retail Holdings announced today it has agreed to acquire Bishop Ace Hardware, a 13-location chain in central Illinois. Joe Jeffries, president and CEO of Ace Retail Holdings, says the stores will retain their Ace branding, store management, personnel and …

Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, says Jack Kleinhenz, National Retail Federation (NRF) chief economist. “The U.S. economy lost some spring in its step during the …

3M announced a 90,000-square-foot expansion to its facility in Valley, Nebraska. The expansion will increase the plant’s manufacturing capacity and add roughly 40 new jobs. The $67 million investment includes new production lines, equipment and warehouse, and will help 3M more …