News

Sherwin-Williams Co. said a Mexican antitrust agency voted to reject the company’s acquisition of Consorcio Comex. The Federal Competition Commission of Mexico voted 3-2 not to authorize the deal. Sherwin-Williams said it is reviewing the rationale for the Commission’s decision. …

The court approved Orchard Supply Hardware’s request to get access to $177 million in financing to help the business run operations through the bankruptcy process. This court-approved financing, in addition to Orchard Supply’s ongoing cash flow, will ensure it is …

Consumer spending and retail sales ended the second quarter on a soft note, indicating that economic growth and acceleration has weakened. According to the National Retail Federation, June retail sales (excluding automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted …

Attendees looking for niche categories to add value to their product offerings saw two options front and center at the United Hardware July Buying Market, held July 12-14 at the Minneapolis Convention Center in Minneapolis. In addition to the usual …

Ace Hardware has plans to close its distribution center near Toledo, Ohio, and move it south to the Columbus area by the end of next year, according to the Columbus Dispatch. It was a corporate decision to close the facility, which …

Great American Group, a provider of asset disposition and auction services, is managing store closing sales at eight Orchard Supply Hardware locations. Liquidation sales will be held at Citrus Heights, Fairfield, Huntington Beach, Lone Tree, Long Beach, Midtown, Newark and …

Total nonfarm payroll employment rose in June by 195,000, and the unemployment rate was unchanged from May at 7.6 percent, the U.S. Bureau of Labor Statistics reported. The number of unemployed persons, at 11.8 million, was also unchanged in June. …

Three decades ago, Central Florida businessman and former North American Retail Hardware Association President Walter Toole purchased the existing Bray Hardware, a fixture in Winter Garden, Fla., since it was established there in 1906. His company, Toole’s Ace Hardware, has …