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Author Archives: Kate Klein

Ace Hardware Reports Solid Growth, Despite ‘Challenging Year’

Ace Hardware

Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” The cooperative saw fourth-quarter 2016 revenues of $1.2 billion, an increase of 5.8 percent from the fourth quarter of 2015. ... Read More »

Warren Buffett Cuts Walmart Investments

Warren Buffett

Investor Warren Buffett’s holding company recently cut back on its investment in Walmart and bought airline stock instead, reflecting pessimism about brick-and-mortar retailing, Business Insider reports. Buffett’s company, Berkshire Hathaway, sold $900 million in Walmart stock by the end of 2016. Buffett “acknowledged that traditional brick-and-mortar retailers were struggling ... Read More »

Ace Hardware Expanding Distribution Facility for Imported Products

Ace Hardware Corp. plans to expand its Virginia facility that serves as the co-op’s central location for receiving imported products on the East Coast.  The project will expand the facility in Suffolk, Virginia, by 138,000 square feet, growing its size to 474,000 square feet. ... Read More »

Home Depot Recognized for ‘Bold E-Commerce Strategy’

The Home Depot has been recognized this year for its “bold e-commerce strategy” by Fast Company magazine, which called the home improvement giant one of the most innovative retailers worldwide. The retailer ranks among Fast Company‘s top 50 businesses for innovation. The magazine annually honors businesses through “The World’s ... Read More »