The Home Depot has announced first-quarter 2019 sales of $26.4 billion, for a 5.7 percent sales increase above the same period in 2018, the company reports. Home Depot says comparable store sales in the U.S. for the quarter were up …
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Lowe’s Reports $17.7B in Q1 2019 Sales
Big-box home improvement chain Lowe’s has announced its first-quarter 2019 financial results. In total, Lowe’s achieved net earnings of $1.0 billion, up 1.2 percent from the same period in 2018, the company reports. Lowe’s also announced its decision to “sell …
Read More »Ace Hardware Sees Income, Revenue Growth in First Quarter
First-quarter 2019 was a period of growth for Ace Hardware Corp. The Oak Brook, Illinois, co-op on May 22 reported first-quarter 2019 revenues of $1.4 billion, an increase of 5.1 percent from the first quarter in 2018. Net income was $22.6 million …
Read More »Ace Hardware Acquires 50 Great Lakes Ace Stores
Ace Hardware Corp. confirmed May 22 that the co-op now has full ownership of the Great Lakes Ace Hardware chain. The co-op’s first-quarter financial report says that Ace Hardware experienced revenue increases in early 2019, in part due to the acquisition of …
Read More »United Hardware President and CEO Steve Draeger to Retire
The board of United Hardware Distributing Co., which is based in Plymouth, Minnesota, announced company president and CEO Steve Draeger will retire in 2020. Draeger has served the wholesaler for the past 20 years, the most recent 10 as its …
Read More »Do it Best Spring Market Focuses on Innovation, Experience
The 2019 Do it Best Spring Market landed in Indianapolis May 17-20, and the co-op brought expanded opportunities for members to discover new products and enhance customer experiences. “It’s all about customer experience,” says Rich Lynch, Do it Best Corp. vice president …
Read More »NRHA All-Industry Conference: Day 3 Wrapup
The North American Retail Hardware Association All-Industry Conference wrapped up today, along with the final day of the National Hardware Show® in Las Vegas. Thanks to everyone who stopped by the NRHA Village to say hello and share with your …
Read More »NRHA All-Industry Conference: Day 2 Wrapup
The North American Retail Hardware Association (NRHA) All-Industry Conference continued today with more presentations from industry experts and panel discussions. Today’s keynote presentation was delivered by Phillip Helms, regional vice president for Central Network Retail Group (CNRG) brands Elliott’s Hardware …
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