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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 »

Lowe’s, Home Depot Open Warehouses in Hurricane-Affected Houston

warehouses

Big-box home improvement retailers Lowe’s and The Home Depot each recently opened warehouses in the Houston area to help meet demand for building materials following Hurricane Harvey, reports the Houston Chronicle. According to the newspaper, Lowe’s signed a lease on a 244,000-square-foot ... Read More »

True Value Exec: New Marketing Program Is Flexible and Locally Focused

marketing program

Independent retailers have a variety of tools they can use to encourage customers to visit their businesses. In some communities, taking out an ad in the local newspaper or a radio spot is the best way to market their business. ... Read More »

Your Online Presence vs. Customer Expectations

online presence

Take this survey to help the North American Retail Hardware Association (NRHA) determine if independent retailers’ online presence and use of online platforms meet customer expectations. When you finish the survey, you’ll be entered to win one of five $100 Visa ... Read More »

Walmart Purchases Delivery Business

delivery

Walmart has purchased Parcel, a delivery logistics startup that focuses on overnight and same-day last-mile delivery, Reuters reports. The Parcel purchase is Walmart’s latest acquisition, following its purchase of apparel company Bonobos in June for $310 million and e-commerce retailer Jet.com ... Read More »

Ace Hardware Buys E-Commerce Company

Grommet

Ace Hardware Corp. announced Tuesday that it has purchased the majority stake in e-commerce startup The Grommet. The Grommet operates an e-commerce website that markets and sells new and innovative products created by independent entrepreneurs, also known as makers, according to Ace. The Grommet has ... Read More »

Ace Hardware Hosts Maker to Market Event for Product Inventors

Maker to Market

Ace Hardware Corp. hosted its first Maker to Market™ Day, an event created to allow entrepreneurs and inventors to pitch product ideas that could end up for sale in co-op stores. Ace employees who make purchasing decisions for more than 5,000 ... Read More »

10 Home Improvement Businesses to Visit

home improvement businesses

Click the picture to download a PDF of this story. Do you ever go on vacation and feel the need to see the local hardware store in the town you’re visiting? While some people may not understand this urge, the staff at ... Read More »