Construction has started at Home Hardware Stores Limited’s Eastern Distribution Centre in Debert, Nova Scotia. One of Home Hardware Stores Limited’s four distribution centers, the currently 350,000-square-foot Eastern Distribution Centre will grow by 236,000 square feet once the expansion is …
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Orchard Supply Asks Judge For Up to $3.1 Million in Bonuses
Orchard Supply Hardware has asked a judge to approve up to $3.125 million in bonus payments to keep top executives in their jobs while the company is being sold off to the highest bidder, according to the Silicon Valley Business Journal. …
Read More »Orchard Supply Files for Chapter 11 Bankruptcy; Lowe’s Agrees to Buy Assets
Lowe’s has agreed to buy Orchard Supply Hardware for approximately $205 million on the same day Orchard Supply filed a petition for Chapter 11 bankruptcy. The purchase agreement would enable Lowe’s to expand through a new store format and reach …
Read More »True Value Launches Discover Credit Card Program
True Value recently introduced the True Value Discover® credit card program for True Value retailers and customers in the United States. The program connects retailers to consumers with new offerings that pass financial benefits and incentives along to the consumer …
Read More »Ace Elects Two New Board Members, Extends Chairman’s Term
Ace Hardware appointed two new member directors to its Board of Directors and extended its chairman’s term by one year. At the retailer-owned cooperative’s annual shareholders meeting June 11, Ace Hardware elected two new member directors: Stew Elliott Jr., of …
Read More »Jesse Loucks: 2013 Young Retailer of the Year
To watch the full video, click here. Loucks’s determination to assess store needs and give customers what they want drove him to enhance the store’s sporting goods section, streamline the rental center and add an ammo section. His vision and …
Read More »J.D. Power & Associates Ranks Ace Highest in Customer Satisfaction
For a seventh consecutive year, Ace Hardware ranks highest in satisfying home improvement retail store customers, according to the J.D. Power & Associates 2013 Home Improvement Retailer Satisfaction Study. Ace Hardware achieved a score of 803 on a 1,000-point scale …
Read More »Hardlines Inc. Takes Over Outstanding Retailer Awards Program
Canada’s premier awards program for home improvement retailers has a new home. The Outstanding Retailer Awards (ORAs) are now owned and managed by Hardlines Inc. Hardlines, which publishes the quarterly hardware/home improvement trade magazine Hardlines Home Improvement Quarterly (HHIQ) and …
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