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House-Hasson Market Brings in New Vendors, Younger Faces

House-Hasson

The House-Hasson Hardware Summer Dealer Market in June drew new vendors and younger retailers. Vendor participation at the regional distributor’s buying show, which took place June 15-17 in Sevierville, Tennessee, was up about 15 percent year over year, House-Hasson officials say. An …

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Home Depot Buys Power Equipment Company for $265M

The Home Depot has announced an agreement to purchase Compact Power Equipment Inc., a national provider of equipment rental and maintenance services, for $265 million in cash. The transaction, which Home Depot confirmed July 6, is expected to close by the …

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Walmart Uses Virtual Reality for Training

walmart

Walmart has introduced virtual reality (VR) headsets into its training program, allowing new employees to practice customer service before encountering customers on the salesfloors, the company reports. Walmart says the technology is intended to allow new store associates “to experience …

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Ace’s Retail Holdings Expand to 100 Stores

Westlake Ace Hardware

Ace Retail Holdings, the division of Ace Hardware that owns and operates the Westlake Ace Hardware chain, has expanded to 100 stores. Westlake Ace Hardware in June finalized its acquisition of two Q.P. Ace Hardware stores in the Omaha, Nebraska, area. Westlake …

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Sears Introduces First Appliances and Mattresses Store

Sears Appliances & Mattresses

While Sears Holdings has recently announced hundreds of store closures, the company is also introducing a new business model to the market. Sears Appliances & Mattresses in Pharr, Texas, is a new Sears-branded store that cuts out the other categories to …

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Department of Labor Reconsiders Overtime Pay Increase

overtime pay

The Department of Labor announced it is requesting feedback from the Office of Management and Budget on a proposed policy that would make millions more Americans eligible for overtime pay, reports The Washington Post. The policy was introduced by the …

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