The North American Retail Hardware Association (NRHA) hosted its annual State of Independents Conference on Dec. 6 in Chicago, showcasing successful stories of growth from independent operators within the home improvement industry. The event was an opportunity for independent retailers, …
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Former CEO Makes $4.6B Bid to Save Sears
ESL Investments, the hedge fund managed by former Sears CEO and current chairman Edward Lampert, has presented a plan to keep the company in business and save about 50,000 jobs, the Chicago Tribune reports. The bid “includes about 500 Sears …
Read More »House-Hasson Hardware Dealer Market Helps Dealers Handle Tariffs
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 …
Read More »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 …
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