Lowe’s Canada and Peavey Industries LP, a Canadian farm, ranch and hardware retailer, have announced that Peavey Industries is acquiring the assets of Ace Canada. RONA, a company that is part of the Lowe’s Canada group, will sell the assets …
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Home Depot, Lowe’s Announce Q3 2019 Financial Results
Home Depot and Lowe’s both announced their third-quarter 2019 financial results this week. Explore each big-box retailer’s individual results using the links below. Inside Home Depot’s Q3 2019 Financial Results Sales: $27.2 billion Net Earnings: $2.8 billion Key Takeaway: Because …
Read More »Lowe’s Announces Q3 2019 Financials, New Canadian Strategy
Lowe’s has announced its financial results for the third quarter of 2019. In total, the big-box home improvement company reports net earnings of $1 billion for the quarter, up from $629 million in net earnings for the same period in …
Read More »Ontario Retailer Taps New Potential
Every home improvement retailer knows finding a niche—an area where they can focus and excel—is critical. Some business owners search high and low for a stellar assortment of products to captivate customers, others become specialists in home services to augment …
Read More »Lumber Prices Show Unseasonable Drop
Though lumber prices usually rise in the spring, a new report from The Wall Street Journal says bad weather and a decline in homebuilding have caused lumber prices to drop just one year after they reached record highs. The article …
Read More »Lowe’s Announces Q4 2018 Financial Results
In its fourth-quarter 2018 financial results, big-box retailer Lowe’s reports a net loss of $824 million. This figure is in contrast to net earnings of $554 million during the same period in 2017. Sales for the fourth quarter came to …
Read More »Home Hardware Announces Leadership Team Changes
Home Hardware, Canada’s largest dealer-owned hardware, lumber and building materials retailer, is announcing new changes to its leadership team, the company announced in a press release. Effective Jan. 7, Marianne Thompson will serve as the company’s vice president, merchandise LBM. …
Read More »Benchmark Your Business With 2018’s Market Measure
Click the picture to download a PDF of this story. The Industry’s Annual Report While 2018 has shaped up to be another relatively strong year for sales in the home improvement industry, we may be facing a perception problem that …
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