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Tag Archives: Industry News

Walmart Releases Q1 2025 Financial Results

Walmart Q1 2025

Walmart recently released its financial results for the first quarter of 2025. Net sales for the quarter reached $108.7 billion, led by growth in the health and wellness and grocery categories. Walmart reported an increase of 4.5% in comparable store …

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Lowe’s Expands Online Marketplace With New Partnership

Lowe's Marketplace Partnership

Lowe’s is bringing its customers more options than ever through its new online marketplace, launched in December 2024. Now, Lowe’s is accelerating the growth of its marketplace with a partnership with Mirakl, a global marketplace technology company. Through this partnership, …

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Ace Retail Holdings to Relocate Store Support Center

Ace Retail Holdings Relocation

Ace Retail Holdings, the parent company of Westlake Ace Hardware, Great Lakes Ace Hardware and other retail brands, announced it will relocate its Store Support Center (SSC) from its current location in Lenexa, Kansas, to a complex in Overland Park, …

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Arrow Fastener Changes Name to Arrow Tool Group

Arrow Fastener Name Change

Arrow Fastener announced it will now be operating under the name Arrow Tool Group, effective immediately.  “For nearly a century, Arrow has stood for American ingenuity, hands-on reliability and practical solutions that professionals and DIYers depend on,” says Roberto Izaguirre, …

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Verizon Survey Shows Strong Technology and AI Adoption Among SMBs

Verizon Business survey

Verizon Business announced the results of its sixth annual State of Small Business Survey, reporting that small and medium-sized businesses (SMBs) are strongly adopting technology to increase market growth and operational efficiency. Driven by increasing accessibility to artificial intelligence (AI) …

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Hancock Lumber to Acquire Johnson Lumber

Hancock Lumber Acquisition

Hancock Lumber announced plans to acquire Johnson Lumber, a single-location lumberyard located in Salisbury, Massachusetts. The store will begin operating as Hancock Lumber on June 2. “It’s been an honor to work with the Johnson family on the acquisition and integration …

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