Stanley Black & Decker has entered into an agreement to sell most of its commercial mechanical security business, according to the company. Swiss company Dormakaba will purchase Stanley’s commercial mechanical security brands Best Access, phi Precision and GMT for $725 million …
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Walter Hachborn, former president and Home Hardware Stores Ltd. co-founder, died on Dec. 17 at the age of 95. Hachborn began his hardware career in 1938 at Hollinger Hardware in St. Jacobs, Ontario, and dedicated his entire life to serving his …
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Sears’ third-quarter earnings followed the company’s downward financial trend, inspiring conjecture about the possibility of the company’s demise. “Sears keeps promising investors a turnaround but its results only seem to get worse,” Fortune magazine says. This month, Sears Holdings Corporation released financial results that showed continued …
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A wildfire tore through Gatlinburg, Tennessee, burning thousands of buildings and killing 14 people—but leaving Ace Hardware of Gatlinburg behind. The fire started south of Gatlinburg on Nov. 23 and burned through the popular vacation city on Monday, Nov. 28. That …
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The North American Retail Hardware Association (NRHA) and STIHL Inc. have announced an exclusive partnership for developing the leadership skills of the next generation of independent home improvement retailers. The organizations made the announcement Dec. 8 at the NRHA State of Independents …
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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. …
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This Thanksgiving weekend, retailers saw an increase in consumer traffic from last year. However, individual shoppers scouring for deals spent less than the year before. An estimated 154 million consumers shopped over the holiday weekend. That number is up from 151 million in 2015, according …
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A former Lowe’s executive is now leading Lumber Liquidators as CEO, and he is planning on a recovery for the controversy-embroiled flooring discounter. Dennis R. Knowles, who Lumber Liquidators hired as chief operating officer in February, was promoted to CEO this month. Prior to working …
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