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True Value Reports Growth in Third Quarter

True Value reported revenue of $346.5 million, an increase of 2.0 percent or $6.9 million from $339.6 million a year ago. The company attributes the growth to its growing Destination True Value (DTV) retail footprint and increased wholesale sales; the ... Read More »

Rental on the Rise: How One Store Owner Built His Business

Recently, Brian Buswell, owner of All American Do it Center, talked with a contractor who wanted to buy an auger. The cost for the auger and bit would be about $1,500—a prohibitive price tag for a piece of equipment the ... Read More »

Retail Sales Up in September

Retail sales increased 0.6 percent seasonally adjusted from last month, and 3.8 percent unadjusted year-over-year, according to the National Retail Federation. Building material and garden equipment and supplies dealers stores’ sales also increased 0.1 percent seasonally adjusted. “Retailers witnessed a solid ... Read More »

Busy Beaver Bids Farewell to Filmeck, Welcomes New CEO

Frank Filmeck, longtime CEO of the Busy Beaver Building Centers chain, resigned from the company late last month. Joseph Kallen, a local business entrepreneur, will serve as the company’s new CEO. Busy Beaver Building Centers was founded in 1962 in ... Read More »

Home Improvement Spending Expected to Slow Down by Mid-2014

The home remodeling market continues to grow, with strong gains predicted through the beginning of 2014, according to the Leading Indicator of Remodeling Activity (LIRA) recently released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. ... Read More »

Existing-Home Sales Drop in September

After hitting the highest level in nearly four years, existing-home sales declined in September, but limited inventory conditions continued to pressure home prices in much of the country, according to the National Association of Realtors®. Total existing-home sales declined 1.9 percent to a ... Read More »

Lumber Liquidators Sales Up in Third Quarter

Lumber Liquidators reported net sales increased $50 million, or 24.5 percent, to $254.3 million in the third quarter of 2013 from $204.3 million in the third quarter of 2012. Comparable-store net sales increased 17.4 percent for the quarter, driven by a 9.8 percent increase in ... Read More »

More Than 15,000 Retail Jobs Added in September

Total nonfarm payroll employment rose by 148,000 in September, and the unemployment rate was little changed at 7.2 percent, the U.S. Bureau of Labor Statistics recently reported. Employment increased in construction, wholesale trade, and transportation and warehousing. The National Retail ... Read More »