Ace Hardware Corp. has reported record second-quarter 2019 revenues of $1.7 billion, an increase of 6.3 percent from the second quarter of 2018. Net income was $53.8 million for this period, a decrease of $1 million from the second quarter …
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How I Did It: Increased Annual Sales From $1M to $6M
Having started in lumberyard management early in his career, Jeff Van Well is in a fairly ideal position to turn a struggling lumberyard around. He found that opportunity in 2016 at A2Z Home Center. The Chino Valley, Arizona, operation was …
Read More »How I Did It: Sharing Profits With Employees
The associates who interact with your customers on the salesfloor, offer their advice on products and projects and keep a store running are the lifeblood of the home improvement industry. To reward employees who contribute to sales growth, Island Hardware …
Read More »Exploring Big-Box Q1 2019 Financial Results
Big-box home improvement chains The Home Depot and Lowe’s both announced their first-quarter 2019 financial results. Learn how each company performed in the articles linked below. Home Depot Reports Sales Growth for First Quarter “We were pleased with the underlying …
Read More »Home Depot Reports Sales Growth for First Quarter
The Home Depot has announced first-quarter 2019 sales of $26.4 billion, for a 5.7 percent sales increase above the same period in 2018, the company reports. Home Depot says comparable store sales in the U.S. for the quarter were up …
Read More »Lowe’s Reports $17.7B in Q1 2019 Sales
Big-box home improvement chain Lowe’s has announced its first-quarter 2019 financial results. In total, Lowe’s achieved net earnings of $1.0 billion, up 1.2 percent from the same period in 2018, the company reports. Lowe’s also announced its decision to “sell …
Read More »Ace Hardware Sees Income, Revenue Growth in First Quarter
First-quarter 2019 was a period of growth for Ace Hardware Corp. The Oak Brook, Illinois, co-op on May 22 reported first-quarter 2019 revenues of $1.4 billion, an increase of 5.1 percent from the first quarter in 2018. Net income was $22.6 million …
Read More »U.S. Economy Grows 3.2% in Q1 2019
The U.S. Department of Commerce announced that the country’s gross domestic product (GDP) had risen by an annual rate of 3.2 percent in the first quarter of 2019, according to The New York Times. GDP is the “broadest measure of …
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