News

Ace Hardware’s latest high-level hires came from three of the large public companies that compete with Ace stores—and that’s an advantage, according to the co-op. Many of Ace’s corporate positions are filled with people whom Ace has promoted internally. But …

A June 2017 Harvard Business Review study finds that shuttered retail spaces can lead to an increase in crime and theft in their immediate vicinity. However, an operational store can provide communities roughly $30,000 annually in social benefits by reducing crime and …

J.C. Penney announced Monday that its executive vice president and chief financial officer, Edward Record, would vacate his position effective July 11 “to pursue other interests,” according to the company. Record joined the apparel and home goods retailer in March …

Fred Whyte, power tool icon and former president of STIHL Inc., died on July 7 surrounded by family and friends at his Virginia Beach, Virginia, home. The “Man of STIHL” was 70 years old. Originally from Vancouver, British Columbia, Whyte began …

According to a Bloomberg report Monday, True Value Co. is “considering a sale that could value the home-improvement store chain at about $800 million.” People who asked not to be identified as they weren’t authorized to speak publicly say the company …

Two years after a former Walmart executive and her business partner acquired luxury hardware store chain Gracious Home, a discount chain’s founder has bought the business out of bankruptcy. Tom Sullivan, who started flooring discounter Lumber Liquidators, bought New York’s Gracious Home retail operation for …

Is e-commerce a threat that will truly result in the demise of traditional brick-and-mortar stores? Not according to a recent article from Forbes, which highlights five main factors that show why traditional retail spaces are still significant to consumers and are vital …

The House-Hasson Hardware Summer Dealer Market in June drew new vendors and younger retailers. Vendor participation at the regional distributor’s buying show, which took place June 15-17 in Sevierville, Tennessee, was up about 15 percent year over year, House-Hasson officials say. An …