U.S. business owners who were preparing to pay extra for employees who work overtime don’t have to make changes—yet. Modified overtime laws were scheduled to take effect Dec. 1, but a federal judge’s Nov. 22 order has paused implementation of the new rules throughout the …
Read More »Kate Klein
Former Handy Hardware Sold to HDW Inc.
Hardware Distribution Warehouses Inc. (HDW) has acquired World and Main Houston, a Texas retail distribution business formerly known as Handy Hardware. The buyer, Hardware Distribution Warehouses Inc., is based in Shreveport, Louisiana, and provides inventory and retail services to lumberyards, hardware stores and …
Read More »Mixed Third-Quarter Earnings for Big Boxes, Ace
Third-quarter earnings reports from the largest big-box home improvement retailers and Ace Hardware Corp. showed mixed results. The Home Depot reported revenue increases, but both Lowe’s and Ace Hardware had year-over-year drops. For more details, read the following stories: Released Nov. 15: …
Read More »Third-Quarter Revenue Down for Ace Hardware
After record 2015 sales, Ace Hardware Corp. expected but underestimated a revenue drop in third-quarter 2016, according to the co-op’s top executive. Ace’s financial performance in third-quarter 2015 was the best in the company’s history, with revenue up 13.2 percent and net …
Read More »CEO: Lowe’s Q3 Was ‘Below Our Expectations’
Lowe’s net earnings took a hit in the third quarter of 2016, failing to perform as well as leadership projected. “Our third-quarter operating results were below our expectations due to slower sales in the first two months of the quarter,” …
Read More »5 Post-Election Changes for Businesses
The election is over, so what’s next for businesses in the coming years? Donald Trump is the next president, some states are increasing minimum wages and a variety of other changes are ahead for U.S. companies. Do you know what to expect? Inc. magazine offers …
Read More »The Big Event That Gives Year-Round
For more than 70 years, the National Hardware Show® has served as the primary gathering place for the home improvement industry—a unique event where representatives from across the channel can gather, interact and do business. This year, the National Hardware Show …
Read More »Popular Mechanics’ Top Picks: ‘They Stack Hope by the Door’
In a November article, writers for the magazine Popular Mechanics contributed their thoughts on the 16 hardware stores they consider to be the best in the U.S.. They highlighted the uniqueness and service that make independent businesses like yours successful. The following anecdotes and others appear in …
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