Hardware Retailing is providing a checklist to help you think through when and how to terminate problem workers. Keeping a poorly performing employee is risky for your business. However, firing comes with its own risks, even if you can justify the termination. If …
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Home Depot Executive Talks Fear and Success
When you’re an executive at a big box corporation, you might wake feeling a bit paranoid. Or at least that’s the case for Home Depot CFO Carol Tomé, according to CNBC. Tomé has been employed with The Home Depot for …
Read More »New Law Allows Small Businesses to Offer Health Benefit
Small business owners in the U.S. can now get and give a new employee benefit, courtesy of a bill the president signed into law this week. Starting Jan. 1, the new law will allow companies that employ fewer than 50 full-time …
Read More »Walmart and Target Improve Online Order Pickup
Walmart and Target are improving their online order in-store pickup processes to compete against Amazon during the busy holiday season, according to The Wall Street Journal. During a time when Amazon.com is thriving in online sales and home delivery, in-store pickup …
Read More »Do it Best Evaluates New Products During Open Buying Day
Do it Best Corp. hosted an Open Buying Day event on Nov. 30, welcoming prospective domestic and international vendors to its Fort Wayne, Indiana, headquarters. The event enabled Do it Best merchandise managers to meet one-on-one with prospective vendors interested in doing business …
Read More »What’s Next for the Stalled Overtime Law?
The U.S. Department of Labor is appealing a federal judge’s order to stop implementation of new overtime pay increases, which were slated to take effect nationwide on Dec. 1, the date the appeal was filed. Texas federal Judge Amos L. …
Read More »‘Well, That Didn’t Work’: How 4 Retailers Course-Corrected When Things Didn’t Go As Planned
To view a PDF of this story, click here. By Jesse Carleton, jcarleton@nrha.org and Liz Lichtenberger, llichtenberger@nrha.org Typically in Hardware Retailing, we talk about best practices and what retailers have done well. We like to highlight successes, because when we share ideas …
Read More »Using GMROI to Improve Your Business
The annual Cost of Doing Business Study from the North American Retail Hardware Association (NRHA) is the industry’s only inclusive benchmarking study and has been conducted annually for more than 100 years. The study provides detailed financial information from hardware stores, home centers …
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