News

Central Network Retail Group, LLC (CNRG) recently acquired Moore’s Hardware in Dahlonega, Ga., an 11,500-square-foot store with an additional warehouse and lumberyard. Moore’s sells an assortment of lumber, building materials, millwork, hardware, paint, electrical and plumbing products. Lamar Ricketts, Moore’s …

Existing-home sales declined in June but have stayed above year-ago levels for the past two years, while year-over-year median home prices have increased by double digits for the seventh straight month, according to the National Association of Realtors®. Total existing-home sales decreased 1.2 …

PRO Hardware, Inc. recently honored a group of home improvement retailers with the distributor’s annual Paul L. Cosgrave Memorial and PRO Hardware Retailer of the Year awards. This year PRO recognized Kraus Department Store and PRO Hardware of Erie, Pa., …

Sherwin-Williams Co. said a Mexican antitrust agency voted to reject the company’s acquisition of Consorcio Comex. The Federal Competition Commission of Mexico voted 3-2 not to authorize the deal. Sherwin-Williams said it is reviewing the rationale for the Commission’s decision. …

The court approved Orchard Supply Hardware’s request to get access to $177 million in financing to help the business run operations through the bankruptcy process. This court-approved financing, in addition to Orchard Supply’s ongoing cash flow, will ensure it is …

Consumer spending and retail sales ended the second quarter on a soft note, indicating that economic growth and acceleration has weakened. According to the National Retail Federation, June retail sales (excluding automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted …

Attendees looking for niche categories to add value to their product offerings saw two options front and center at the United Hardware July Buying Market, held July 12-14 at the Minneapolis Convention Center in Minneapolis. In addition to the usual …

Ace Hardware has plans to close its distribution center near Toledo, Ohio, and move it south to the Columbus area by the end of next year, according to the Columbus Dispatch. It was a corporate decision to close the facility, which …