News

Housing affordability continued to fall across the country as the median price of single-family homes rose due to a continued lack of housing inventory, according to the latest National Association of REALTORS® Housing Affordability Index. The median single-family home price …

Lowe’s reported net earnings of $624 million for the quarter ended May 2, 2014, a 15.6 percent increase over the same period a year ago. Diluted earnings per share increased 24.5 percent to $0.61 from $0.49 in the first quarter …

Home Depot’s fiscal first-quarter net income jumped 12 percent as a key sales metric improved despite a slow start to the spring selling season due to bad weather but the company still missed both adjusted earnings and revenue expectations. The company reported first …

Just a few short weeks ago, I had the opportunity to take part in one of the most inspiring events in the home improvement industry, The Young Retailer of the Year Awards. For 18 years, NRHA and its sponsors have …

Do it Best Corp. used its May market, held May 17-19 in Indianapolis, to highlight retail growth opportunities for its members. The co-op placed particular importance on the growth and expansion of core categories, the growth of new categories and …

The North American Retail Hardware Association (NRHA) has extended the scholarship application deadline to Friday, May 23, for the upcoming class of the Retail Management Certification Program. NRHA is offering two $5,000 scholarships to the summer 2014 session of the …

Stock Building Supply announced the opening of two new structural component plants serving customers in the Raleigh-Durham, North Carolina and Salt Lake City, Utah metropolitan areas. In Middlesex, North Carolina, production of roof and floor trusses recently began in a …

True Value announced it is gearing up to roll out its strategic plan in the fall that will highlight long-term changes for the co-op. While many efforts won’t be implemented until the end of 2014 or later, according to company …