Ace Hardware Corp. experienced increases in revenue and net income during the first quarter of 2017, as well as a slight dip in same-store sales. On May 17, the cooperative reported first-quarter 2017 revenue of $1.24 billion, which was an increase of 0.1 …
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While the retail industry has been facing plenty of road blocks, especially in clothing and department stores, the home improvement industry continues to show strength. The Home Depot’s first quarter 2017 financial results highlight growth and topped analysts’ expectations, according to CNBC. Today, Home …
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Mark Spanswick, the new president and general manager of Ace Wholesale Holdings, spoke with Hardware Retailing about his nearly three-decade career with Grainger Industrial Supply and his current work of combining Ace Hardware’s wholesale business acquisitions into one growing company. Grainger is a publicly traded, business-to-business supplier. Spanswick …
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Sears’ top executive, Edward Lampert, told the Chicago Tribune that public perception is putting his company at a disadvantage when recovering from the financial challenges that have plagued it. “Clearly we have our challenges,” Lampert says in the Chicago Tribune article. “Every time people use the …
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National Hardware Show® attendees were flocking to find new products, hear from educational speakers and network with other members of the industry. “I enjoy seeing all the new products,” says independent home improvement retailer Tim Buchheit. He has been attending the show …
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One independent home improvement retailer is leaving the National Hardware Show® this week with money lined up to reimagine his business. That winning retailer is Robert Lau and his business is Caribou Jack’s Trading Co. of Soda Springs, Idaho. Caribou Jack’s will get $100,000 in prize money to …
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The North American Retail Hardware Association (NRHA) and Independent We Stand released a new study May 9 that provides insight into how much home improvement professionals can impact their communities by buying local. The Home Sweet Home: Pros’ Edition study examines the positive …
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Armando and Ita Reyes are a great example of an entrepreneurial-minded, hardworking couple with a strong family bond. The couple owns and operates Carpenter Bros. Hardware & Rental in Ann Arbor, Michigan, which they bought in 2008. Beyond hardware, the …
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