The staff at Farmer’s Building Supply in Oregon has adjusted to an array of changes since COVID-19 began spreading in the state, and implementing and then eliminating new processes have been part of the journey. The team has worked well …
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Home Hardware Announces Virtual Fall Market
Following the success of its first virtual market in the spring, Home Hardware Stores Ltd. is proud to announce plans for another virtual event. The 2020 Fall Market, set for Sept. 13-20, will be held virtually. “We are pleased with …
Read More »Ace Hardware Sees Q1 Sales and Profit Growth
Ace Hardware Corp. reported first-quarter growth in sales and profit that partially reflect changing consumer needs due to the COVID-19 pandemic. The co-op’s revenue was $1.4 billion during the first quarter, an increase of 3.8 percent above the first quarter …
Read More »Lowe’s Q1 2020 Sales Rise 11%
Big-box home improvement chain Lowe’s has announced net sales of $19.7 billion in the first quarter of 2020, an 11.3 percent increase over the same period in 2019. Sales grew more than 23 percent over results from the fourth quarter …
Read More »Home Depot’s Q1 2020 Sales Climb 7%
Big-box home improvement retailer Home Depot announced first-quarter 2020 sales of $28.3 billion, representing a 7.1 percent increase from the same period in 2019, according to the company. The total sales for the first quarter of 2020 are more than …
Read More »J.C. Penney Files for Bankruptcy, Will Close 242 Stores
After filing for bankruptcy, J.C. Penney has announced plans to close more than 240 stores within the next two years, reducing its brick-and-mortar presence by nearly 30 percent, reports CBS News. The retailer currently operates 846 stores but plans to …
Read More »U.S. Retail Sales Fall Record 16% in April
U.S. retail sales fell 16.4 percent from March to April, as many cities and states enacted stay-at-home orders to stem the spread of COVID-19 in the country. The 16 percent drop seen in April nearly doubles the sales slowdown seen …
Read More »Participate in the 2020 Cost of Doing Business Study
The North American Retail Hardware Association (NRHA) is now collecting information from independent U.S. hardware stores, home improvement centers and lumberyards for the 2020 Cost of Doing Business Study. The Cost of Doing Business Study is an annual overview of …
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