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Sears Chairman’s Hedge Fund Wins Bankruptcy Auction

sears

ESL Investments, the hedge fund managed by Sears chairman Edward Lampert, has prevailed in a bankruptcy auction to save Sears from liquidation, according to a report from Reuters. The bid is valued at more than $5.2 billion and is more ... Read More »

Do it Best Expands Merchandising Team

merchandising

Do it Best has named Laura Williams and Nicole Kepler to new positions within its merchandising division, effective Jan. 14, the company announced in a release. Williams will serve as merchandise manager in hand tools, and Kepler will move to ... Read More »

Hardware Distribution Warehouses Inc. to Close Distribution Facilities

hardware distribution warehouses

On Jan. 4, Hardware Distribution Warehouses Inc. (HDW) announced the closure of both its warehouses, according to a statement posted to the company’s official website. “As most of you are aware, HDW has been in negotiations in an attempt to ... Read More »

Discounts Run Deep at United Hardware’s January Market

united hardware's january market

Retailers attending the United Hardware January 2019 Buying Market started off the new year in a big way with aggressive buying opportunities and programs from their wholesaler to help build transaction size in their stores. One highlight of the market, ... Read More »

Home Improvement Leadership Training Offers Strong Foundation

home improvement leadership training

Investing in home improvement leadership training is a decision that can strengthen your business for decades to come. By demonstrating your belief in your managers and other high-level personnel, you can give them the confidence they need to lead your ... Read More »

Chairman Prepares Revised Bid to Save Sears

sears

Edward Lampert, chairman and former CEO of Sears, has announced a new $5 billion plan to save the company, according to a report from Reuters. Lampert’s revised offer will be reviewed by Sears at a Jan. 14 bankruptcy auction. The ... Read More »

New Vendors and Credit Card Program at January House-Hasson Dealer Market

House-Hasson Dealer Market

At the House-Hasson 2019 Dealer Market, attendees will preview products from more than 700 vendors, a 15 percent increase over last year’s event. Retailer-specific credit cards are also a new feature to this year’s event, which takes place Jan. 10-12 ... Read More »

Lowe’s Plans to Hire More Than 65,000 Workers in 2019

lowe's

Lowe’s has announced plans to hire more than 65,000 employees in 2019. In a press release, the company says the new hiring initiative will enable it to “improve customer service and product availability.” More than 50,000 of these hires will ... Read More »