Since the mid-1990s, Amazon.com has evolved from an online bookstore to the e-commerce giant that has in many ways forced brick-and-mortar businesses to change the way they do business in the U.S. Additionally, Amazon has found its footing globally, establishing a presence in several countries …
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US Lumberyards Expected New Tariff, ‘Domino Effect’ on Prices
A new U.S. tariff on imported Canadian softwood lumber, such as pine, is the latest change to an old trade debate between the two countries. The U.S. government, as of late April, is implementing a 20 percent tariff, or import …
Read More »Ace Hardware Restructuring Its Distribution Network
Ace Hardware Corp. plans to restructure its East Coast distribution network—a move that includes closing both of its Emery-Waterhouse warehouses and building a new 1.1 million-square-foot facility, according to Ace. The consolidation of Ace’s distribution facilities is coming after a rigorous analysis of the …
Read More »Exec Leaves Sears Holdings to Lead Pier 1 Imports
Sears Holdings lost one of its top executives when Kmart president and chief member officer Alasdair James left in March. James had worked for Kmart, which Sears Holdings owns, since 2014, according to Business Insider. James is taking over as president …
Read More »Walmart Cuts More Corporate-Level Jobs
After announcing 1,000 corporate jobs were being eliminated in January, Walmart is making another round of cuts at its Arkansas headquarters as it continues to invest billions in its e-commerce operations, according to an article from Reuters. On Tuesday, the big-box retailer confirmed …
Read More »New Owners Keep Weakley-Watson Hardware From Shuttering
Weston Jacobs was scrolling through his Facebook newsfeed when he learned that Weakley-Watson Hardware was closing after 140 years of business. It had been years since Weston had lived in Brownwood, Texas, but anytime he went home, he stopped in …
Read More »Ace Hires Grainger VP to Oversee Wholesale Business
Ace Hardware Corp. has hired Grainger executive Mark Spanswick to be president and general manager of Ace Wholesale Holdings LLC. Spanswick, 48, spent 27 years working for industrial supplier W.W. Grainger, where he served in a variety of leadership roles. Grainger is a publicly traded company …
Read More »CNRG Buying 7 Washington Hardware Stores
Central Network Retail Group (CNRG), a multiformat, multibrand retailer that operates stores in 11 states, is buying McLendon Hardware. The fourth generation of the McLendon family currently owns McLendon Hardware, which has seven stores in Washington state. CNRG currently operates 90 hardware stores, home …
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