Two big boxes and two of the major home improvement cooperatives released third-quarter results last week, and sales were up across the board. Read the following articles for details on the financial performance of each of these home improvement businesses: Ace Hardware …
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True Value Hosting Open Buying Day
True Value’s upcoming Open Buying Day event, scheduled for Dec. 10, is an opportunity for vendors to have direct, one-on-one access to a product buyer. “Vendors should participate in our Open Buying Day because it’s their shot to share possibly ‘the next …
Read More »Ace Hardware Reports Double-Digit Growth in Q3
Ace Hardware Corp. today reported double-digit growth in revenue and net profits in the third quarter of 2015. Revenue was $1.3 billion, an increase of 13.2 percent from the third quarter of 2014. Net income for the quarter was $54.2 million, an increase of …
Read More »True Value Announces Q3 Results
True Value Company announced its third-quarter results this week, reporting revenue and same-store sales growth. The co-op’s revenue was $365.5 million for the quarter, an increase of 4.2 percent from the same period in 2014. Destination True Value comparable store sales …
Read More »California Retailers Support Communities During Wildfires
Homes burned to ash, 150-year-old trees vanished as if they had never grown and soot blackened the countryside behind wildfires that spread through tens of thousands of acres in Northern California. At least one local hardware store owner fought the …
Read More »Cole Hardware Founder Dies at Age 99
The 99th birthday of Cole Hardware founder Dave Karp was a reason for the Karp family and store staff to be grateful this year — and his Oct. 25 death was the loss of the company’s figurehead. Even as he aged, …
Read More »Exclusive Exec Q&A: Ace Launches New Distributor
Today, Ace Hardware Corp. announced the launch of a new distributor to serve independent non-Ace retailers and expand the co-op’s wholesale business across the U.S. Hoyoung Pak, president of Ace Wholesale Holdings, answers questions about the new company, Emery Jensen Distribution, …
Read More »Ace Expands Wholesale Business to Serve Non-Ace Retailers
Ace Hardware Corp. today announced that its wholesale distribution network has expanded coast to coast with the launch of a new distribution arm. The new wholesale company, Emery Jensen Distribution, fits like a wholesale puzzle piece in mid-America for Ace, which bought distribution …
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