Do it Best recently shared that Chad Ruth announced his retirement at the end of January, concluding a successful career with the company. Ruth served as president and CEO of United Hardware Distributing Co. prior to and during the early …
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The U.S. economy added 130,000 jobs in January and the unemployment rate changed little at 4.3%, according to the U.S. Bureau of Labor Statistics. The unemployment rate and the number of unemployed people saw little change in January, but were …
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RONA, one of Canada’s leading home improvement retailers, which operates over 425 stores across Canada, is launching a pilot project in collaboration with eCycle Solutions to recycle portable power tools in 10 of its corporate stores in Alberta and British …
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QXO announced it has acquired Kodiak Building Partners, the consolidator of lumberyards and specialty distributors, for $2.25 billion. The purchase price comprises $2.0 billion of cash and 13.2 million shares, with QXO retaining the right to repurchase shares at $40 per …
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Advance estimates of U.S. retail and food services sales for December 2025 were reported at $735.0 billion, virtually unchanged from November 2025 and up 2.4% from December 2024, according to the U.S. Census Bureau’s recent report. Total sales for 2025 …
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Overall consumer credit continued to expand in the fourth quarter of 2025, with growth in both nonrevolving and revolving credit. Nonrevolving credit, which includes student and auto loans, accounts for 74% of total outstanding consumer credit, while revolving credit, which …
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Last year saw 56% more locations acquired in the lumber and building supply (LBM) industry than in 2024 and in 2021 through 2023 combined, according to the latest Webb Analytics’ annual Deals Report. The report details all acquisitions, greenfield openings …
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Mortgage application activity rose significantly in January, primarily due to increased refinancing activity as mortgage rates dropped to a new low, according to an analysis from NAHB’s Eye on Housing. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure …
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