Recent data released by the U.S. Census Bureau reveals a slow down of retail sales in January following a strong holiday season, according to Jack Kleinhenz, National Retail Federation (NRF) Chief Economist. Despite the slow month at the beginning of …
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New Tariffs on Steel, Aluminum Announced
After multiple tariffs on imports from China, Mexico and Canada were announced then placed on hold in early February, President Donald Trump announced a new round of tariffs on Feb. 10 that would raise steel and aluminum imports to a …
Read More »Home Improvement Industry Recognized on Forbes List of America’s Best Large Employers
For the past 10 years, Forbes has ranked America’s best employers, tracking companies and organizations both small and large. The rankings are based primarily on survey responses from more than 217,000 employees working at these companies. Ace Hardware achieved the …
Read More »ECI Names New Chief Information Officer
ECI Software Solutions announced the appointment of Brian Hildebrand as chief information officer (CIO). Hildebrand will be responsible for implementing ECI’s comprehensive IT strategy and overseeing the organization’s technology infrastructure. “Brian has been an instrumental part of our IT and …
Read More »Ace Hardware Releases Q4 and Fiscal 2024 Financial Results
Ace Hardware recently announced financial results for the 2024 fourth quarter and fiscal 2024. The company reported record Q4 revenues of $2.3 billion, marking a 7.6% increase from Q4 of 2023. Full-year revenues increased 3.9% from last year, reaching $9.5 …
Read More »January Sales Drop Despite Strong December
Shoppers spent less in January than they did during the busy holiday months but retail sales still had strong sales year over year according to the CNBC/NRF Retail Monitor. “Consumers pulled back in January, taking a breather after a stronger-than-expected …
Read More »Simpson Manufacturing Co. Releases 2024 Q4 and Full-Year Financials
Simpson Manufacturing Co., Inc. recently announced its financial results for the fourth quarter and full year of 2024. For the full year, 2024 net sales reached $2.2 billion, a 0.8% increase year over year and income from operations for 2024 …
Read More »Quickrete, Summit Materials Announce Merger
Summit Materials, a producer of aggregates and cement, announced the closure of its agreement to be acquired by Quickrete Holdings for around $11.5 billion, including debt. The acquisition was unanimously approved by both Summit and Quikrete’s board of directors. “We …
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