After filing for bankruptcy, J.C. Penney has announced plans to close more than 240 stores within the next two years, reducing its brick-and-mortar presence by nearly 30 percent, reports CBS News. The retailer currently operates 846 stores but plans to …
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U.S. retail sales fell 16.4 percent from March to April, as many cities and states enacted stay-at-home orders to stem the spread of COVID-19 in the country. The 16 percent drop seen in April nearly doubles the sales slowdown seen …
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The North American Retail Hardware Association (NRHA) is now collecting information from independent U.S. hardware stores, home improvement centers and lumberyards for the 2020 Cost of Doing Business Study. The Cost of Doing Business Study is an annual overview of …
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The North American Retail Hardware Association (NRHA) invites all independent retailers to its third virtual town hall session, to be held Thursday, May 21 at 4 p.m. ET. This session will focus on employment law concerns independent home improvement retailers …
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Though Paycheck Protection Program funds are still available to small businesses struggling amid economic hardships brought on by COVID-19, some borrowers and lenders are concerned about ambiguous terms of the loans. In an effort to help answer small business owners’ …
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The National Hardware Show is introducing NHS Connects, a new year-round digital tool featuring content designed specifically for the hardware and home improvement industry. In keeping with the National Hardware Show’s tradition of uniting the industry, NHS Connects enables networking …
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After careful consideration, Orgill Inc. has announced plans to cancel its Fall Dealer Market. The event was scheduled for Aug. 27-29 in Las Vegas. “There were a number of factors that led to this decision including an abundance of caution …
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Ace Hardware Corp. has announced its 2019 financial results, highlighting a year of record revenue for the company. In total, Ace reports 2019 revenue of $6.1 billion, up 7 percent from 2018’s total revenue. The figure marks Ace’s highest revenue …
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