News

May retail sales (excluding automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted from April and increased a strong 4.8 percent unadjusted year-over-year, according to data released by the U.S. Department of Commerce. The National Retail Federation attributes the …

Ace Hardware appointed two new member directors to its Board of Directors and extended its chairman’s term by one year. At the retailer-owned cooperative’s annual shareholders meeting June 11, Ace Hardware elected two new member directors: Stew Elliott Jr., of …

This year, NRHA honors eight of the best and brightest young retailers in the industry with its Young Retailer of the Year awards. Click on each of the names below to see a multi-media presentation of their accomplishments. Under $2 …

Orchard Supply Hardware Stores Corp., the chain spun off by Eddie Lampert’s Sears Holdings Corp. 17 months ago, is considering a bankruptcy filing as soon as next week, according to a Bloomberg News story. Orchard Supply, based in San Jose, California, said …

Total nonfarm payroll employment rose in May by 175,000, and the unemployment rate increased slightly to 7.6 percent, up from 7.5 percent in April, the U.S. Bureau of Labor Statistics reported. Over the year, the labor force participation rate has …

Former North American Retail Hardware Association (NRHA) president, Frank Wesley Greenhaw, died June 4 at the age of 89. Greenhaw was elected and served as president of NRHA in 1990.As chief executive of McWhorter-Greenhaw, the longest-running retail store in the …

Family-owned and operated Frager’s Hardware, a 93-year-old hardware store in Washington, D.C., burned down Wednesday night after firefighters poured 20,000 gallons of water a minute on the blaze, according to a story in the Washington Post. The fire was first …

For a seventh consecutive year, Ace Hardware ranks highest in satisfying home improvement retail store customers, according to the J.D. Power & Associates 2013 Home Improvement Retailer Satisfaction Study. Ace Hardware achieved a score of 803 on a 1,000-point scale …