In the fastest start-to-finish completion of a ground-up distribution center in the company’s modern history, Orgill has announced that its new Rome, New York, facility is now fully operational and will begin servicing customers in an eight-state region in the …
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NRF Projects 2021 Retail Sales to Top $4.4T
The National Retail Federation (NRF) is upwardly revising its estimate on how much consumers will spend across retail sectors in 2021. The organization’s new estimate now stands at $4.4 trillion, and the NRF expects sales to grow between 10.5 and …
Read More »3 Takeaways From the May Jobs Report
According to the U.S. Bureau of Labor Statistics, the economy added 559,000 jobs in May, reducing the national unemployment rate to 5.8 percent. Notable job gains happened in public and private education, hospitality and health care. Take a deeper dive …
Read More »Home Builders Report Sharp Increase in Building Material Prices
Even as home builders report shortages of building materials and products, new research from the National Association of Home Builders (NAHB) suggests pros are also seeing sharp increases in product prices. In the latest version of the NAHB and Wells …
Read More »In Memoriam: Home Improvement Pioneer Bob Vereen
Home improvement industry pioneer and former Hardware Retailing editor Bob Vereen has died at age 96. He was born Sept. 8, 1924 in Stillwater, Minnesota. He spent his professional life covering the home improvement channel, visiting countless home improvement stores …
Read More »Home Improvement Momentum Continues in May
After a year of record sales and renewed interest in the home improvement channel, take a moment to review some of the latest industry data to better understand your DIY and pro customers. The Farnsworth Group has released new research …
Read More »US LBM to Acquire American Construction Source
US LBM announced that it has reached an agreement to acquire American Construction Source (ACS), a leading national building materials distribution platform for custom home builders and repair and remodel contractors. ACS’s portfolio includes multiple locally branded building material distributors …
Read More »Ace Hardware Posts Record Q1 Financial Results
After confirming record-breaking fiscal year 2020 financial results, Ace Hardware is continuing to reach new heights by posting record first-quarter revenues in 2021. Total revenue for the company hit $2 billion, a 42 percent increase from the first quarter of …
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