Higher tariffs may be coming, and House-Hasson Hardware, the country’s largest independent regional hardware distributor, is helping its hardware store and lumberyard retailers deal with increased tariffs already in place, as well as those scheduled in the future. At its …
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Breaking Down Black Friday and Cyber Monday
For many retailers, the busy shopping period after Thanksgiving seemed busier than usual, new data from The National Retail Federation (NRF) shows. The organization, which measures trends across all retail sectors, including hardware and home improvement, says nearly 165 million …
Read More »True Value and Carter Lumber Announce New Partnership
True Value and Carter Lumber have announced a new partnership that will enable Carter Lumber to access True Value’s suite of products, support services and industry knowledge. Based in Kent, Ohio, Carter Lumber operates 146 lumber and building materials locations …
Read More »Lowe’s Ends Smart Home, Renovation Partnerships
Lowe’s has decided to end its separate initiatives with Alacrity Renovation Services and Iris Smart Home, the company announced in its third-quarter financial report. The company described both endeavors as “non-core activities within its U.S. home improvement business,” and said …
Read More »Nominations Open for 2019 Young Retailer of the Year
Do you or one of your employees have what it takes to be named a 2019 Young Retailer of the Year honoree? Now in its 23rd year, the Young Retailer of the Year program highlights the accomplishments of the newest …
Read More »Revenue, Store Sales Up for Ace Hardware
Ace Hardware Corp. reported revenue and same-store sales growth for the third quarter of 2018. The co-op’s quarterly revenues were $1.43 billion, an uptick of 6.3 percent from third-quarter 2017. The growth was the result of adding new stores, increasing retail …
Read More »Benchmark Your Business With 2018’s Market Measure
Click the picture to download a PDF of this story. The Industry’s Annual Report While 2018 has shaped up to be another relatively strong year for sales in the home improvement industry, we may be facing a perception problem that …
Read More »Lowe’s Reports Q3 Financials; Plans to Exit Mexico
In its third-quarter financial results, big-box home improvement retailer Lowe’s reported net earnings of $629 million. The company also announced plans to “exit its Mexico retail operations,” according to a press release. In the second-quarter of 2018, the company reported …
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