Home » Industry News

Industry News

Longtime NRHA Editor Ellen Hackney Dies at 79

hackney

Ellen E. Hackney, former editor and director of communications for the North American Retail Hardware Association (NRHA), died Oct. 7 in her hometown of Indianapolis. She was 79. After receiving her degree from Indiana University, Hackney joined NRHA, which at the ... Read More »

Home Depot’s Strategy for Reaching America’s Largest Age Group

age group

Home Depot and other retailers are altering their marketing campaigns, product design and consumer outreach programs to better target 26-year-olds, currently the largest age group in the U.S., reports The Washington Post. The cohort numbers around 4.8 million people and ... Read More »

Menards Founder Is Wealthiest Person in Wisconsin

menards

Menards founder John Menard Jr. is the wealthiest person in the state of Wisconsin, according to the Milwaukee Sentinel Journal. The newspaper reports that Menard’s net worth is $9.9 billion according to Forbes’ list of the 400 richest people in America. Eau Claire, Wisconsin, ... Read More »

Wallace Hardware Celebrates ‘American Pride’ at Fall Market

Wallace Hardware

Wallace Hardware Inc., the wholesale distributor based in Morristown, Tennessee, celebrated 95 years of serving independent retailers at its recent fall market, held Oct. 11-13 in Pigeon Forge, Tennessee. To celebrate its long history and its commitment to American retailers, ... Read More »

Do it Best Fall Market Focuses on LBM, Connectedness

do it best

The 2017 Do it Best Fall Market kicked off Friday, Oct. 13 in Indianapolis with a refreshed focus on lumber and building materials and a program to help retailers be successful in the expanding smart home market. The Fort Wayne, Indiana-based co-op ... Read More »

Why Did Ace Hardware Buy an E-Commerce Business?

The Grommet

John Venhuizen, Ace Hardware president and CEO, recently took questions from Hardware Retailing about the co-op’s purchase of The Grommet, an e-commerce startup company. Ace announced the purchase Oct. 3. Hardware Retailing (HR): Why did Ace purchase a majority stake in The Grommet?  John Venhuizen (JV): There ... Read More »

Sears Canada Moves to Liquidate Assets

Sears Canada

Sears Canada Inc. will liquidate its assets and begin to “wind down” after its board rejected a business plan proposed by the company’s top executive, The Wall Street Journal reports. The board’s decision to liquidate most of the Canadian retailer’s ... Read More »

Sears CEO Provides Retailer Another $100M Loan

loan

Edward Lampert, CEO of Sears Holdings, has loaned the company an additional $100 million, the Chicago Tribune reports. Sears borrowed the money from affiliates of ESL Investments, Lampert’s hedge fund, which also agreed to lend the company up to $100 million more ... Read More »