Michael Mott has agreed to sell his four Ace Hardware stores in Pennsylvania to the Aubuchon Company. The stores will continue to operate as Ace Hardware. After closing in October, the Aubuchon Company will operate 123 stores in nine states. “Mike …
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Lowe’s Adjusts Year-End Projections Down in Q2 Report
Lowe’s Companies Inc. today reported net earnings of $2.4 billion for the second quarter ended Aug. 2, with total sales for the quarter down 5.6% year over year to $23.6 billion. Comparable sales for the quarter decreased 5.1% driven by …
Read More »E&H Hardware Group Announces CEO Succession Plan and Leadership Changes
Northern Ohio based E&H Hardware Group, a fourth-generation hardware retailer operating predominantly under the E&H Ace Hardware name, announced a CEO succession plan and additional leadership changes set to take effect Jan. 1, 2025. Christopher Buehler, current vice president of …
Read More »Do it Best Awards Intern Scholarship
Do it Best wrapped its 2024 summer internship program with a $1,000 scholarship awarded to intern Ethan Schrek, a business analytics and applied computational mathematic and statistics student at University of Notre Dame. The internship program provides students with the …
Read More »Poised for Growth: Q&A With House-Hasson President and CEO Steve Henry
In early July, House-Hasson finalized the acquisition of former Midwestern U.S. wholesale hardware distributor Bostwick-Braun’s warehouses and inventory. The acquisition adds two warehouses in Indiana and Arkansas, as well as more than 45,000 stock keeping units (SKU) to its existing …
Read More »Comparable Sales Down for Home Depot in Q2, Overall Sales Up Slightly
The Home Depot® reported sales of $43.2 billion for the second quarter of fiscal 2024, an increase of 0.6% from the second quarter of fiscal 2023. Total sales include $1.3 billion from the recent acquisition of SRS Distribution Inc. (SRS), …
Read More »Ace 2024 Fall Convention Brings Together the Past, Present and Future
In celebration of 100 years of helpful service under its belt, Ace Hardware pulled out all the stops for its Fall 2024 Convention held in the company’s hometown of Chicago. Over three days, Ace retailers, vendors and industry players came …
Read More »84 Lumber Opens New Facility in Pennsylvania
84 Lumber has opened its newest door shop in Lawrence, Pennsylvania, housed in a 41,250-square-foot facility. The space is equipped with a door line and stair machine, dedicated to hanging interior doors, as well as building installation-ready stairs for the …
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