As Hurricane Harvey dissipates, retailers in its wake are ready to regroup, survey the damage and chart a path forward. Susan Murff, co-owner of Cypress Hardware and Feed in Houston, considers herself fortunate. Her store suffered minor roof leaks but did …
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Retailers Converge on Boston for Orgill Fall Dealer Market
For three days, retailers packed Orgill’s Fall Dealer Market looking for bargain buys and the latest products, programs and services that would prepare them for the next selling season. The event was held Aug. 24-26 at the Boston Convention and …
Read More »Lowe’s to Increase Workers’ Hours to Keep Q2 Momentum
In its second-quarter financial results released Wednesday, Lowe’s announced that it will increase “customer-facing hours” to continue its upward trend in comparable store sales, according to the company. “Lowe’s hopes to ride the wave of stronger shopper traffic with the investment …
Read More »Ace Hardware CEO: ‘It’s Either Forward or It’s Lights Out’
The Ace Hardware 2017 Fall Convention began with both warnings and encouragement from the cooperative’s top executives. Ace leaders spoke to retailers at the buying show’s general session, which started off the Aug. 17-19 convention in Chicago. President and CEO …
Read More »Ace Hardware Reports Revenue Growth in Q2
Ace Hardware Corp. today reported an increase in revenue over the previous year for the second quarter of 2017. The co-op’s second-quarter 2017 revenues were $1.5 billion, an increase of $66 million, or 4.6 percent, over the second quarter of 2016, which is …
Read More »EXCLUSIVE: True Value CEO Discusses Earnings, Sale Rumors
The results of continued investments in True Value’s strategic plan are starting to pay dividends and the recent rumors swirling around a potential sale of the co-op will not be a distraction, according to the company’s president and CEO John …
Read More »Lowe’s Layoffs Hit Another Department — Delivery
Lowe’s is continuing to reduce its U.S. staff, confirming Aug. 3 layoffs of “an undisclosed number of delivery workers nationwide” and the outsourcing of their work, The Charlotte Observer reports. Lowe’s, which is headquartered near Charlotte in Mooreseville, North Carolina, told the Charlotte newspaper that the latest …
Read More »Outlook Positive at United Hardware Fall and Winter Buying Market
As retailers crowded into United Hardware’s Fall and Winter Buying Market, held July 28-30 at the Minneapolis Convention Center, one message came across loud and clear. There are plenty of opportunities to gain success in the home improvement industry for those …
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