After announcing 1,000 corporate jobs were being eliminated in January, Walmart is making another round of cuts at its Arkansas headquarters as it continues to invest billions in its e-commerce operations, according to an article from Reuters. On Tuesday, the big-box retailer confirmed …
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New Owners Keep Weakley-Watson Hardware From Shuttering
Weston Jacobs was scrolling through his Facebook newsfeed when he learned that Weakley-Watson Hardware was closing after 140 years of business. It had been years since Weston had lived in Brownwood, Texas, but anytime he went home, he stopped in …
Read More »Ace Hires Grainger VP to Oversee Wholesale Business
Ace Hardware Corp. has hired Grainger executive Mark Spanswick to be president and general manager of Ace Wholesale Holdings LLC. Spanswick, 48, spent 27 years working for industrial supplier W.W. Grainger, where he served in a variety of leadership roles. Grainger is a publicly traded company …
Read More »CNRG Buying 7 Washington Hardware Stores
Central Network Retail Group (CNRG), a multiformat, multibrand retailer that operates stores in 11 states, is buying McLendon Hardware. The fourth generation of the McLendon family currently owns McLendon Hardware, which has seven stores in Washington state. CNRG currently operates 90 hardware stores, home …
Read More »4 Retailers Honored as Industry’s Young Guns for 2017
Every year, the North American Retail Hardware Association (NRHA), Hardware Retailing magazine and the National Hardware Show® honor the industry’s leaders in the Top Guns program. To take a new spin on this year’s program, the association and the magazine …
Read More »Store Camera Catches Viral Video of Storm in Action
When employees arrived to work at Key-Aid Ace Hardware on Saturday, Feb. 25, they knew bad weather was in the forecast. But the staff had no idea that the powerful storm that was brewing would come right to their front door. …
Read More »Delay Likely for Sherwin-Williams’ Purchase of Valspar
The Sherwin-Williams Co. announced this week that its deal to buy The Valspar Corp. likely won’t close as soon as planned. When the two U.S. paint companies publicized the purchase agreement in March 2016, they expected the $11.3 billion deal to go …
Read More »If Sears Goes Bankrupt, Will Stanley Lose Craftsman?
Sears Holdings Corp. has acknowledged “substantial doubt” in its ability to stay out of bankruptcy, which may kill recent sales of its businesses, such as Craftsman. The struggling retailer released its annual report on Tuesday, and the news was dismal. Based on information from …
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