News

The Home Improvement Research Institute (HIRI) is continuing to deliver market research on the home improvement industry through a new partnership with market research firm The Farnsworth Group, according to a recent press release from The Farnsworth Group. Through this …

The North American Retail Hardware Association (NRHA) is now compiling data for the 2017 Cost of Doing Business Study. When you submit your financial data for this year’s study, you’ll become a part of history. This year marks the 100-year anniversary of …

True Value Company today released its year-end results for fiscal 2016, which included increases in gross billings, retail comp-store sales, net margin and more. The co-op reported total gross billings of $2,073.7 million for the fiscal year ending Dec. 31, up 2 percent. …

Stanley Black & Decker announced it has completed its purchase of the Craftsman brand from Sears Holdings Corp. for approximately $900 million. The acquisition, which was first announced in January, gives “Stanley Black & Decker the right to develop, manufacture and sell …

Lowe’s recently launched a virtual reality tool in its Framingham, Massachusetts, store that provides customers with a hands-on training experience for DIY projects, reports Fortune. The new tool, which Lowe’s calls the Holoroom How To, trains users how to install tile in a bathroom …

A former Lowe’s executive—who had been a potential successor for the company’s current CEO—is alleging he lost his job due to racism. Michael Jones became chief customer officer for Lowe’s in 2014, and The Wall Street Journal reported at the time that the …

Home Depot is adding a $25 million settlement with banks and credit card companies to its rising data breach costs, which are nearing $200 million total. In September 2014, the retailer confirmed the massive data breach, which exposed payment card information from more than 50 million customers. …

J.C. Penney has started selling products such as bathtubs and power tools online and is expanding its services in some markets with basic bathroom remodels, The Dallas Morning News reports. The department store forayed into home improvement in 2016 by selling kitchen and laundry appliances in …