Lowe’s Companies, Inc. just expanded dramatically in Canada by finalizing its purchase of Canadian company RONA Inc. The American retailer announced May 20 that it has completed its purchase of RONA Inc. as planned in a transaction valued at $2.4 billion. The acquisition …
Read More »
Member Insurance Agency, Inc., the largest provider of insurance to co-op and independent hardware stores in the U.S., has a new advisory committee composed of retailers that will help guide the agency in delivering customized insurance products for the hardware and building …
Read More »
This week, True Value Company reported its first quarter results for fiscal 2016, with gross billings of $510.2 million, up 3.3 percent or $16.2 million from the same period a year ago. The company also reported revenue of $356.8 million, …
Read More »
This week, Ace Hardware Corp. reported first-quarter 2016 revenue of $1.2 billon, for an increase of 4.3 percent above the same period in 2015. The home improvement cooperative also experienced same-store sales growth, with an increase of 2.2 percent from the …
Read More »
Today, home improvement retailer Lowe’s announced its first quarter sales and earnings in fiscal 2016. The results brought increases in both sales and comparable store sales for Lowe’s, which follows the announcement of similar better-than-expected earnings from rival Home Depot yesterday. …
Read More »
The Home Depot’s overall and comparable U.S. store sales were up in the first quarter, boosting the company’s expectations for sales growth for all of 2016. The numbers reflect “our stronger than expected start to the year,” Craig Menear, CEO, president and …
Read More »
Sears has big plans for some small stores. If a pilot program goes well, then Sears Holdings Corp. will add a store format that is much smaller than its stores have been in the past, according to an article from …
Read More »
Walmart is suing Visa, saying the credit card company is not letting it require customers to use PINs rather than signatures to secure purchases made with chip-embedded debit cards. The lawsuit “could stoke the continuing debate about how to balance security and convenience …
Read More »
Hardware Retailing The Industry's Source for Insights and Information
