Q4 2024 Walmart released its Q4 2024 financial results, noting $180.6 billion in total revenue, up 4.1% year over year. The Arkansas-based store chain also reported an operating income of $7.3 billion in Q4, up 30% from the same quarter …
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Do it Best and True Value Move Forward Together
In just a few weeks, Do it Best will host the first ever Do it Best and True Value Spring Market, welcoming existing Do it Best member-owners and True Value retailers to join together as the new company looks toward …
Read More »Randy’s Do it Best Founder Announces Retirement, Herrick to Take Over Ownership
Founder of Randy’s Do it Best Hardware Randy Andes recently announced his retirement after serving the independent hardware industry for over 50 years. Christian Herrick, Randy’s Hardware CEO and Andes’ son-in-law, will take over ownership at the company following Andes’ retirement. …
Read More »Lowe’s Relaunches Loyalty Program for Professionals
Lowe’s recently announced an update for its existing loyalty program for industry professionals, MVPs Pro Rewards. The program will now become MyLowe’s Pro Rewards™, geared towards small-to-mid-sized professionals. With the new program, users start earning points from sign-up and can …
Read More »Retail Sales Slow In January, Economy Remains Stable
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 …
Read More »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 …
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