Retailers, distributors and manufacturers who attended the North American Retail Hardware Association’s (NRHA) second annual State of Independents Conference now have a detailed understanding of the performance and direction of the independent home improvement industry. The one-day conference, sponsored by …
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Gatlinburg Hardware Store Still Stands After Wildfire’s Devastation
A wildfire tore through Gatlinburg, Tennessee, burning thousands of buildings and killing 14 people—but leaving Ace Hardware of Gatlinburg behind. The fire started south of Gatlinburg on Nov. 23 and burned through the popular vacation city on Monday, Nov. 28. That …
Read More »Do it Best Evaluates New Products During Open Buying Day
Do it Best Corp. hosted an Open Buying Day event on Nov. 30, welcoming prospective domestic and international vendors to its Fort Wayne, Indiana, headquarters. The event enabled Do it Best merchandise managers to meet one-on-one with prospective vendors interested in doing business …
Read More »True Value to Grow Presence in Puerto Rico
Earlier this month, True Value Company announced Hardware Group as its newest member. Hardware Group boasts more than 23 stores in Puerto Rico and counting, meaning the partnership will expand True Value’s presence on the island. Founded in 2011, Hardware Group …
Read More »Mixed Third-Quarter Earnings for Big Boxes, Ace
Third-quarter earnings reports from the largest big-box home improvement retailers and Ace Hardware Corp. showed mixed results. The Home Depot reported revenue increases, but both Lowe’s and Ace Hardware had year-over-year drops. For more details, read the following stories: Released Nov. 15: …
Read More »Third-Quarter Revenue Down for Ace Hardware
After record 2015 sales, Ace Hardware Corp. expected but underestimated a revenue drop in third-quarter 2016, according to the co-op’s top executive. Ace’s financial performance in third-quarter 2015 was the best in the company’s history, with revenue up 13.2 percent and net …
Read More »Do It Best Corp. Selects New Sales and Business Development VP
Do it Best Corp. has announced Nick Talarico will assume the role of vice president of sales and business development. He will replace Jay Brown, who will retire from the position on Dec. 31. In this position, he will lead a team …
Read More »Popular Mechanics’ Top Picks: ‘They Stack Hope by the Door’
In a November article, writers for the magazine Popular Mechanics contributed their thoughts on the 16 hardware stores they consider to be the best in the U.S.. They highlighted the uniqueness and service that make independent businesses like yours successful. The following anecdotes and others appear in …
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