A newly released study, Home Sweet Home: Locals vs. Amazon, examines the powerful local impact consumers make when purchasing home improvement products at independent businesses instead of on Amazon. The new research reinforces the value of the local economic advantage small …
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True Value’s 2017 Financials Show Slight Revenue Decline
True Value Co. has released its final annual report as a cooperative, showing a slight revenue decline in 2017 from the year prior. In April, the company announced the sale of 70 percent of its stock to private-equity firm ACON Investments and …
Read More »True Value Shareholders Vote to Proceed With Sale
After months of speculation, 15 roundtable sessions and thousands of individual conversations and emails with members, the votes are in and True Value’s shareholders have overwhelmingly approved the sale of 70 percent of the company’s stock to private-equity firm ACON …
Read More »NRHA Announces the 2018 Top Guns
The North American Retail Hardware Association (NRHA) has celebrated independent home improvement retailers for a century. For the past 11 years, NRHA and Hardware Retailing magazine have honored high-achieving retailers through the Top Guns program. These remarkable business operators often …
Read More »True Value Members Favor Sale, but Co-Op Extends Voting Deadline
As of April 13, True Value Co. has received the retailer votes it needs to sell to a private investment firm, but the co-op is extending its member voting deadline to April 20. The company announced March 15 that it agreed to …
Read More »Longtime Blish-Mize Executive to Retire
John H. Mize, executive chairman and chairman of the board of Blish-Mize Company, plans to retire from active management May 30, after 56 years on the job. “I look back on our almost-150-year history and feel gratitude to so many …
Read More »NRHA Announces 2018 Young Retailer of the Year Honorees
The North American Retail Hardware Association (NRHA) is proud to announce the 2018 Young Retailer of the Year honorees. Chosen from a broad field of inspiring, talented applicants, these young retailers push the industry forward each day. From improving their …
Read More »Lowe’s CEO Announces Retirement, Succession Plan Underway
A big change is coming to the Lowe’s Cos. leadership team—longtime chairman, president and CEO Robert A. Niblock plans to retire. Today, the 25-year veteran of the big-box company announced his retirement, according to a press release from Lowe’s. The …
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