There’s no question social media’s impact is widespread and influential in today’s retail landscape. According to the Home Improvement Research Institute’s Homeowner Social Media Influence on Home Improvement Shopping report published in September, social media has the potential to motivate …
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New Tariffs Target Truck Imports
Starting Nov. 1, the U.S. will charge new tariffs on heavy-duty and medium-duty trucks and buses, per an executive order signed by President Donald Trump. Imports of medium- and heavy-duty trucks and associated parts will receive a 25% tariff, with …
Read More »Canadian Holiday Spending Holds Steady, Intentional Purchasing Rises
The Retail Council of Canada (RCC) recently released the 8th annual RCC X Leger 2025 Holiday Shopping Survey report, detailing how Canadian consumers plan, shop and celebrate the holiday season. The survey found spending will remain steady while consumers more …
Read More »Costello’s Ace Hardware Appoints New Chief Financial Officer
Costello’s Ace Hardware recently announced the appointment of Michelle R. Grover, CPA, as its new chief financial officer. Bringing over two decades of experience, Grover will oversee the company’s finance department and serve on its executive leadership team. “Michelle’s deep …
Read More »Mead Lumber Celebrates Grand Reopening of Renovated Nebraska Location
Mead Lumber announced it has completed a major remodel of its location in Beatrice, Nebraska. The renovation is part of the company’s ongoing initiative to modernize two to three locations each year. The company will celebrate with a three-day grand …
Read More »Strong Holiday Spending Expected Despite Economic Uncertainty
Consumers plan to spend $890.49 per person on average this year on holiday gifts, food, decorations and other seasonal items, according to the National Retail Federation’s (NRF) annual consumer survey conducted by Prosper Insights & Analytics. “Time and again, Americans …
Read More »Koopman Lumber to Acquire Lyon & Billard
Koopman Lumber has announced plans to acquire Lyon & Billard, a building materials supplier in central Connecticut. Lyon & Billard currently operates four Connecticut locations, including Berlin, Cheshire, Meriden and East Hampton, and serves customers in parts of Massachusetts, New …
Read More »Builder Confidence Rises in October
Builder sentiment levels increased in October as future sales expectations exceeded the 50-point mark for the first time since January 2024, according to the National Association of Home Builders (NAHB). Builder confidence in the market for newly built single-family homes …
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