Lowe’s reported growth in its first-quarter financial results for the year, which the company released Wednesday. The company’s first quarter ended May 5. The big-box home improvement retailer reported sales growth of 10.7 percent over the same period last year, …
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This week, Sears Holdings Corp. filed a lawsuit against one manufacturer and lost a suit brought by a different toolmaker. In a company blog post from May 15, Sears Holdings chairman and CEO Edward Lampert announced that the company would be “taking a …
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Lowe’s Companies Inc. announced May 18 that it is buying a Texas distributor in an effort to grow its pro business. The distribution company is Maintenance Supply Headquarters, a supplier of maintenance, repair and operations products for businesses in the multifamily housing industry, according …
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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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