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Handy Hardware Holds First Post-Bankruptcy Market

This week, Handy Hardware welcomed retailers and manufacturers to its first buying market since Littlejohn & Co., a Connecticut-based investment firm, acquired the Texas-based distributor out of bankruptcy. The Fall Buying Market is taking place in San Antonio and runs …

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Rona’s Comp-Store Sales Down in Second Quarter

Canadian home-improvement retailer Rona Inc. reported a drop in same-store sales for the second quarter due to “relatively difficult market conditions” and several store closures, according to the company. The retailer’s same-store sales were down 1.0 percent, due to a …

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Ace’s Same-Store Sales Up in Second Quarter

Ace Hardware reported total revenues of $1.2 billion for the second quarter, up 9.7 percent from the same period last year, which the co-op attributes to sales increases “in virtually every department” at both the wholesale and retail levels. Same-store …

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Stock Building Supply Closes Initial Public Offering

Stock Building Supply closed its previously announced underwritten initial public offering of 7 million shares of its common stock at a price to the public of $14 per share. The company sold 4,411,765 shares and certain selling stockholders sold 2,588,235 …

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Overall Retail Sales Up, Building Materials Sales Down in July

July retail sales (excluding automobiles, gas stations and restaurants) increased 0.3 percent seasonally adjusted from June, but declined in home-based categories, including building materials and furniture stores, according to the National Retail Federation. July retail sales, released today by the …

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Westlake Ace to Add 86th Store

Westlake Ace Hardware has plans to open its 86th location in West Plains, Mo. It will be the chain’s second store incorporating a new store design and layout. The store will feature construction materials and a design approach intended to …

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Survey Shows Improving Economic Outlook for Small Businesses

The National Small Business Association’s (NSBA) recently released 2013 Mid-Year Economic Report shows small business owners have improved their overall economic outlook, with 40 percent saying today’s economy is better off compared with five years ago—the highest it’s been in five years. …

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