Fifth-generation, family-owned HPM Building Supply has merged with Miyake Concrete Accessories to expand HPM’s presence across Hawaii. Miyake Concrete Accessories operates four building supply stores and one manufacturing truss on Maui. HPM plans to renovate and rebrand the Maui locations, …
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Ace International Announces Expansion Into Mexico
Ace Hardware International Holdings, a subsidiary of Ace Hardware Corp., has announced plans to expand into Mexico. In a statement, the company notes Mexico has the 11th highest GDP in the world and one of the highest homeownership rates. Ace …
Read More »Orgill’s Boyden Moore Addresses Customers During e-Volution Event
In conjunction with Orgill’s ongoing e-Volution Online Buying Event, which is running from Aug. 24 through Sept. 4, company president and CEO Boyden Moore delivered a corporate update via Zoom on Wednesday morning. The “Orgill’s Evolution” presentation focused on delivering …
Read More »6 Young Retailers Who Are Reshaping the Industry
Revamping company cultures, expanding sales, adopting new retail innovations and mentoring future leaders are among the many accomplishments of the 2020 Young Retailer of the Year honorees—and they’re just getting started. The North American Retail Hardware Association’s (NRHA) Young Retailer …
Read More »Wholesale Lumber Survives Tragedy, Serves Through Pandemic
When Joseph Burks devoted much of 2018 to remodeling Wholesale Lumber in Clint, Texas, he had no idea the redesign would allow the store to serve customers better through a pandemic. At the time, he was working through the tragedy …
Read More »U.S. Housing Starts Climb 23% in July
According to new data from the U.S. Commerce Department, housing starts increased 22.6 percent in July, the highest rate recorded in nearly four years. In total, seasonally adjusted housing starts in July were 1.5 million, up from June’s total of …
Read More »Analyzing Big-Box Q2 Performance
In the past month, Home Depot, Lowe’s and Tractor Supply have all announced their second-quarter 2020 financial results. For all companies, sales in this period coincided with massive disruptions caused by COVID-19. Even amid retail volatility, the second-quarter 2020 financial …
Read More »Ace Hardware Q2 Revenue Rises 35%
Ace Hardware Corp. saw revenue, income and store sales increase during the second quarter of 2020 as consumers shifted their spending in response to the COVID-19 pandemic. The co-op reports revenues of $2.3 billion for the months of April, May …
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