Pliers and hand tools manufacturer CHANNELLOCK® has completed a historic expansion of its Meadville, Pennsylvania, plant. In total, the project took about nine months to complete and is now fully operational. The expansion will allow the company to address increasing product …
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Big-box home improvement retail chain Home Depot has announced its third-quarter 2020 financial results, reporting $33.5 billion in total sales for the quarter, up $6.3 billion or 23.2 percent from the same period in 2019. Comparable sales for the third …
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Big-box retailer Home Depot has announced plans to acquire HD Supply Holdings Inc., a leading national distributor of maintenance, repair and operations (MRO) products. The acquisition is expected to position Home Depot as a lead supplier of MRO products, the …
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Building materials distributor US LBM has signed an agreement for Bain Capital Private Equity to acquire a majority stake in the company. US LBM will continue to operate under president and CEO L.T. Gibson and the current management team. Financial …
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Westlake Ace Hardware recently promoted Tony Jones to vice president of finance and controller. He replaced the retiring Pam Samulcek, who had served as vice president of finance and controller since 2006. In his new role, Jones leads all finance …
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Market research firm The Farnsworth Group has delved into the consumer trends shaping the outdoor power equipment marketplace. The firm recently completed a public industry study among more than 600 DIYers who had recently purchased or plan to purchase outdoor …
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Ace Hardware and Emery Jensen have announced they will proceed with a digital convention in the spring of 2021. Ace’s 2021 Spring Convention was originally slated to take place in person in Dallas. In March, Ace Hardware was one of …
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The National Retail Federation (NRF) recently hosted a webinar with Walmart U.S. president and CEO John Furner to learn how the company had pivoted during COVID-19 to ensure staff and shopper safety. In August, the company announced its second-quarter financial …
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