After reaching the highest level in more than six years, pending home sales declined in June, with rising mortgage interest rates beginning to impact the market, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based …
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A bankruptcy court decision Thursday put Greenwich, Conn.-based investment firm Littlejohn & Co. a step closer to acquiring and recapitalizing wholesale distributor Handy Hardware. The transaction is expected to close during the week of Aug. 5, and Doug Miller, former …
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Following bankruptcy court approval of investment firm Littlejohn & Co.’s acquisition of Handy Hardware, the wholesale distributor named former Jensen Distribution president Doug Miller as Handy’s interim CEO. Miller worked at Jensen Distribution Services for 45 years before retiring at …
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To watch the full video, click here. Ashley Saras from Old Masters explains what a spread in Hardware Retailing‘s Hot Products Buying Guide did for their business.
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Toano, Va.-based flooring retailer Lumber Liquidators finished strong after the spring remodeling season, with reported increased net sales of 22.2 percent to $257.1 million in the second quarter and a 14.9 percent increase in comparable store sales. Gross margin was …
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Central Network Retail Group, LLC (CNRG) recently acquired Moore’s Hardware in Dahlonega, Ga., an 11,500-square-foot store with an additional warehouse and lumberyard. Moore’s sells an assortment of lumber, building materials, millwork, hardware, paint, electrical and plumbing products. Lamar Ricketts, Moore’s …
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Existing-home sales declined in June but have stayed above year-ago levels for the past two years, while year-over-year median home prices have increased by double digits for the seventh straight month, according to the National Association of Realtors®. Total existing-home sales decreased 1.2 …
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