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Ace Acquisitions Contribute To Double-Digit Growth

Buying two wholesale companies and growing same-store sales boosted revenue for Ace Hardware Corp. in 2014. The home improvement co-op reported 2014 fiscal-year revenue of $4.7  billion, for growth of 13.2 percent year over year. Fourth-quarter revenue also increased, up 13.6 percent …

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Lowe’s Sees Sales Growth in 2014

Lowe’s reported sales increases for its fourth quarter of 2014, as well as for the fiscal year. The year’s sales were $56.2 billion, a 5.3-percent increase from 2013. Fourth-quarter sales totaled $12.5 billion, which was an increase of 7.3 percent from the …

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Home Depot Reports Fourth-Quarter Sales Growth

Home Depot

An improving economy and recovering housing market helped The Home Depot grow sales in 2014. Today, Home Depot reported 2014 fourth-quarter sales of $19.2 billion, which equates to an 8.3 percent increase from the fourth quarter of fiscal 2013. Comparable store sales in the U.S. were …

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January Home Construction Up Year Over Year

Construction started on more homes in January than in the same month a year ago. The U.S. saw 1.07 million new housing starts in January, an increase of about 19 percent from January 2014, according to data from the National Association …

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Industry Awards Program Continues to Benefit Young Retailers

Two 2014 recipients of the North American Retail Hardware Association Young Retailer of the Year awards are continuing to see benefits of the honor. Hardware Retailing got in touch with past honorees James Coté, owner of Osterville House & Garden, and Zach Coblentz, …

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Amazon Drone Delivery Service On Hold

Amazon’s plans to make deliveries by drone may come to a standstill due to recently proposed federal laws. If proposed legislation passes, Amazon might not be able to launch its Prime Air service in the U.S., according to an article in Fortune. Amazon planned to use …

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Ace Launches Express Delivery to Homes, Other Sites

For a $5 fee, nearly three dozen Ace Hardware stores in the U.S. are sending employees to deliver online orders to customers’ homes, businesses and job sites. Ace launched its Express Delivery pilot program earlier this year at 33 stores in Arizona, Colorado, …

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From Forbes: Ace Hardware CEO, Retailer Explain Success

In its March 2 issue, Forbes magazine recognizes Ace Hardware as a business success story and highlights a thriving chain of Ace stores. Ace is now a $4.7 billion co-op with thousands of locally owned stores, despite massive changes to retail such as the …

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