Tag Archives: succession planning

As another outlet for promoting growth and the success of the True Value brand, the company has started the process of owning and operating retail stores. True Value purchased its first store in Palatine, Illinois, in March 2024.  Eric Lane, …

Hillman Solutions Group announced that Jon Michael Adinolfi, Hillman’s current chief operating officer, will transition to the role of president and chief executive officer and Doug Cahill, Hillman’s current chairman, president and chief executive officer, will transition to the role …

In the fast-paced world of business, change is inevitable. Whether it’s retiring leaders, shifting ownership or strategic acquisitions, retailers must be prepared to navigate various transitions to ensure their continued success. To effectively manage these transitions, it is crucial for …

There’s much more to discover from the November edition of Hardware Retailing. Browse the links below to uncover new innovations, trends and resources to lead your operation to success.

Chris Cummings thought he had all of his boxes checked when it came to succession planning. The owner of The Paint Center in Abilene, Texas, had hired two younger employees, Kinsey Brown and Anthony Martinez, with the intention of grooming …

In the home improvement industry, many operations are family businesses with several generations of tradition impacting decision-making. When it’s time for the previous generation to pass the baton to the next, sometimes tradition and discomfort about change can get in …

When hiring staff, most retailers put a great deal of effort into the application process to make sure they’ve found the right person. Choosing your business advisers is equally important. These are the people you rely on to help you …

While you may not like to think about it, you need to plan for what will happen if you are abruptly unable to continue in leadership. To do this kind of succession planning, there are a variety of legal and …