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Lumber Liquidators Sales Up 2Q

Toano, Va.-based flooring retailer Lumber Liquidators finished strong after the spring remodeling season, with reported increased net sales of 22.2 percent to $257.1 million in the second quarter and a 14.9 percent increase in comparable store sales. Gross margin was ... Read More »

CNRG Acquires Moore’s Hardware

Central Network Retail Group, LLC (CNRG) recently acquired Moore’s Hardware in Dahlonega, Ga., an 11,500-square-foot store with an additional warehouse and lumberyard. Moore’s sells an assortment of lumber, building materials, millwork, hardware, paint, electrical and plumbing products. Lamar Ricketts, Moore’s ... Read More »

June Home Sales Down

Existing-home sales declined in June but have stayed above year-ago levels for the past two years, while year-over-year median home prices have increased by double digits for the seventh straight month, according to the National Association of Realtors®. Total existing-home sales decreased 1.2 ... Read More »

PRO Hardware Recognizes Outstanding Retailers

PRO Hardware Recognizes Outstanding Retailers - Feature

PRO Hardware, Inc. recently honored a group of home improvement retailers with the distributor’s annual Paul L. Cosgrave Memorial and PRO Hardware Retailer of the Year awards. This year PRO recognized Kraus Department Store and PRO Hardware of Erie, Pa., ... Read More »

Mexican Regulators Vote Down Sherwin-Williams Acquisition

Sherwin-Williams Co. said a Mexican antitrust agency voted to reject the company’s acquisition of Consorcio Comex. The Federal Competition Commission of Mexico voted 3-2 not to authorize the deal. Sherwin-Williams said it is reviewing the rationale for the Commission’s decision. ... Read More »

Orchard Supply Approved for Additional $177 Million in Financing

Orchard Supply Hardware

The court approved Orchard Supply Hardware’s request to get access to $177 million in financing to help the business run operations through the bankruptcy process. This court-approved financing, in addition to Orchard Supply’s ongoing cash flow, will ensure it is ... Read More »

Modestly Increased June Retail Sales Reflective of Slow-Growth Economy

Consumer spending and retail sales ended the second quarter on a soft note, indicating that economic growth and acceleration has weakened. According to the National Retail Federation, June retail sales (excluding automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted ... Read More »

United Hardware Highlights Niche Categories at its July Buying Market

Attendees looking for niche categories to add value to their product offerings saw two options front and center at the United Hardware July Buying Market, held July 12-14 at the Minneapolis Convention Center in Minneapolis. In addition to the usual ... Read More »