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Tag Archives: Industry News

Retail Sales See 13th Consecutive Month of Growth in October

October retail sales

Retail sales saw their thirteenth straight month of gains in October even as high gas prices continued, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. “Retail sales edged higher in October as …

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Do it Best Group Recognizes 2026 Vendors of the Year

Do it Best Group 2026 Vendor of the Year

Do it Best Group recognized its 2026 Vendors of the Year during its 2026 Fall Market, celebrating supplier partners whose exceptional products, service and collaboration continue to strengthen independent hardware stores, lumberyards and home improvement businesses across the country. The …

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Consumer Price Index Rises 0.4% in October

CPI October

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% on a seasonally adjusted basis in October after rising 0.6% in September, the U.S. Bureau of Labor Statistics reported. Steady inflation continues to impact retailers as consumers delay discretionary …

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NLBMDA Announces CEO Leadership Transition

NLBMDA CEO Transition

The National Lumber & Building Material Dealers Association (NLBMDA) announced that Jonathan Paine is stepping down as chief executive officer after 15 years of service to join the National Association for County Community and Economic Development (NACCED). Jessica Bridges will …

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Lowe’s and Bilt Partner to Make Home Improvement More Rewarding

Lowe's and Bilt Partnership

Lowe’s and Bilt, the neighborhood commerce and rewards platform, recently announced a new partnership. As the exclusive home improvement partner, this relationship brings Lowe’s products, services and loyalty benefits into Bilt’s network of over 8 million members, creating new ways …

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QXO’s Brad Jacobs to Invest $1 Billion in CKX Lands

Brad Jacobs CKX Lands inc. Investment

and Jacobs Private Equity II LLC (JPE), led by QXO’s chairman and chief financial officer Brad Jacobs, announced that JPE and minority co-investors have agreed to invest $1 billion in cash in CKX. The equity investment is expected to consist …

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