The recovery process hasn’t been quick for businesses damaged by heavy flooding in December. Pacific Lumber Co. in Pacific, Missouri, is still working to get back to business as usual after floodwaters rose to 46 inches within the company’s retail showroom …
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Lowe’s Buying Canada’s RONA Inc.
Lowe’s today announced an agreement to buy Canadian home improvement retailer and distributor RONA Inc. in a $2.3 billion deal, dramatically enlarging the U.S. company’s presence in Canada. “The transaction is expected to accelerate Lowe’s growth strategy by significantly expanding …
Read More »Sears Canada Closes Stores, Following Target Canada?
Sears Canada is gearing up to close another round of stores, according to the Globe and Mail. The move by the company appears to be following in the footsteps of Target Canada, which shuttered its operations in the country last spring. According to …
Read More »Military Preps Retailers for Store Ownership
The journey one takes to become an independent retailer is a little different for everyone. Whether one joined their family business after attending college or another decided to pursue a new venture as an entrepreneur, the road to business management …
Read More »Q&A With Dan Starr, New CEO of Do it Best Corp.
On Jan. 4, Dan Starr became the fifth president and CEO of Do it Best Corp., succeeding Bob Taylor, who retired after holding that position for 14 years. Starr sat down with the editors of Hardware Retailing to talk about …
Read More »Walmart Schedules ‘First Mass Closing’ of Stores
Walmart has announced plans to close 269 stores, including 154 locations in the U.S., which marks a change for the company. “It’s the first mass closing,” Walmart expert and journalist Charles Fishman told Hardware Retailing. “I think this isn’t significant financially. It’s significant symbolically.” …
Read More »The King of Hardware
On an average day at Tupelo Hardware in Tupelo, Mississippi, employees can go from assisting a customer in finding a product to sharing memories of rock n’ roll legend Elvis Presley. In addition to loyal customers, the staff regularly meets …
Read More »Lowe’s-Owned Chain Expanding in California
Lowe’s is growing its Orchard Supply Hardware chain, which the big-box retailer bought out of bankruptcy in 2013. Orchard Supply Hardware is set to open nine new stores in 2016, growing its store count from 76 to 85, according to the …
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