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Sherwin-Williams’ Valspar Acquisition Approved

Sherwin-Williams

Last Friday, federal regulators approved Sherwin-Williams’ acquisition of Valspar Corp. as both companies agreed to sell Valspar’s North American Industrial Wood Coatings Business, reports Reuters. Valspar sold its coatings business, which manufactures stains, sealants and other coatings products, to Axalta in ... Read More »

SBA Chief Is ‘Optimistic About Small Business’

Linda McMahon, new administrator for the U.S. Small Business Administration (SBA), believes entrepreneurship is making a comeback and the SBA can help. “I’m so optimistic about small business in America. I wouldn’t have taken this job if I wasn’t,” McMahon ... Read More »

Target Paying Additional $18.5M for Data Breach Settlement

next-day delivery

Target will be paying $18.5 million to states throughout the U.S. as part of settling lawsuits connected with a 2013 data breach that exposed 60 million customers’ personal information. The May 23 settlement is one of the largest ever reached ... Read More »

JC Penney Hires Another Exec From Home Improvement Sector

Grebstein

J.C. Penney has once again hired a top executive from the home improvement industry with its appointment of Marci Grebstein to the role of executive vice president and chief marketing officer, according to the company. Grebstein, who will begin her new role ... Read More »

True Value Reports Small Q1 Declines

sales results

This week, True Value Co. reported a decrease in both revenue and gross billings, citing unfavorable weather patterns that led to a decline in retail traffic for the first quarter. The co-op posted gross billings of $502 million through the ... Read More »

Sears Reports ‘Challenging Quarter’ With 20 Percent Loss

Sears

Sears Holdings Corp. reported a 20 percent year-over-year revenue loss in its first-quarter financial results, which the company attributed to having fewer operational stores. The struggling retailer also noted an 11.9 percent decline in comparable store sales. Kmart stores lost sales in ... Read More »

Lowe’s Reports Q1 Growth

Lowe's

Lowe’s reported growth in its first-quarter financial results for the year, which the company released Wednesday. The company’s first quarter ended May 5. The big-box home improvement retailer reported sales growth of 10.7 percent over the same period last year, ... Read More »

Blish-Mize Executive Chairman Celebrates 55 Years

For many businesses, employee longevity is a rarity. But imagine working at a company for over 55 years, rarely missing any of the last 14,300 days of work. That’s the case for John H. Mize, executive chairman of Blish-Mize. He’s held almost ... Read More »