Central Network Retail Group (CNRG), a multiformat, multibrand retailer that operates stores in 11 states, is buying McLendon Hardware. The fourth generation of the McLendon family currently owns McLendon Hardware, which has seven stores in Washington state. CNRG currently operates 90 hardware stores, home …
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4 Retailers Honored as Industry’s Young Guns for 2017
Every year, the North American Retail Hardware Association (NRHA), Hardware Retailing magazine and the National Hardware Show® honor the industry’s leaders in the Top Guns program. To take a new spin on this year’s program, the association and the magazine …
Read More »Store Camera Catches Viral Video of Storm in Action
When employees arrived to work at Key-Aid Ace Hardware on Saturday, Feb. 25, they knew bad weather was in the forecast. But the staff had no idea that the powerful storm that was brewing would come right to their front door. …
Read More »Delay Likely for Sherwin-Williams’ Purchase of Valspar
The Sherwin-Williams Co. announced this week that its deal to buy The Valspar Corp. likely won’t close as soon as planned. When the two U.S. paint companies publicized the purchase agreement in March 2016, they expected the $11.3 billion deal to go …
Read More »If Sears Goes Bankrupt, Will Stanley Lose Craftsman?
Sears Holdings Corp. has acknowledged “substantial doubt” in its ability to stay out of bankruptcy, which may kill recent sales of its businesses, such as Craftsman. The struggling retailer released its annual report on Tuesday, and the news was dismal. Based on information from …
Read More »Ace Hardware CEO: In a Retail War, ‘Differentiate or You Die’
When Ace Hardware’s top executive stepped on stage at the start of the co-op’s spring buying show, he had fierce words for fighting competitors: find weakness and “attack it relentlessly.” President and CEO John Venhuizen spoke March 16 to kick …
Read More »True Value Releases 2016 Year-End Results
True Value Company today released its year-end results for fiscal 2016, which included increases in gross billings, retail comp-store sales, net margin and more. The co-op reported total gross billings of $2,073.7 million for the fiscal year ending Dec. 31, up 2 percent. …
Read More »Home Depot to Pay Another $25M in Data Breach Settlement
Home Depot is adding a $25 million settlement with banks and credit card companies to its rising data breach costs, which are nearing $200 million total. In September 2014, the retailer confirmed the massive data breach, which exposed payment card information from more than 50 million customers. …
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