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Orgill Honored With Presidential Export Award

Orgill Inc.

Orgill Inc. was one of 43 U.S. companies recognized May 21 with a presidential award honoring companies throughout the country that export U.S. goods and services. Secretary of Commerce Wilbur Ross presented the president’s E Star Award for Exports to ... Read More »

Ace Hardware Sees Q1 Revenue Increases, ‘Record Sales Growth’

Ace Hardware

Ace Hardware Corp. reported increases in revenue and sales, including double-digit online sales growth, in its first quarter of 2018. Ace, which released its financial results May 23, achieved revenue of $1.3 billion, an increase of 6 percent above the ... Read More »

Lowe’s Names J.C. Penney Chief as New President and CEO

Lowe's

Lowe’s has named Marvin Ellison, former chairman and current CEO of J.C. Penney Co., as president and CEO, effective July 2. In March, Lowe’s announced a search for a new chief executive to replace retiring chairman, president and CEO Robert ... Read More »

Home Depot Reports Increase in Sales During First Quarter

home depot

Home Depot released its first-quarter 2018 financial results May 15, reporting an increase in sales. The company achieved $24.9 billion in sales during the quarter, for a 4.4 percent increase above the same period in 2017. By April 29, Home ... Read More »

Walmart Invests $16B in E-Commerce With Flipkart Deal

Walmart has confirmed a $16 billion deal to buy a controlling stake in Flipkart, an Indian e-commerce company. The acquisition “is the largest acquisition yet by the world’s largest retailer,” according to an article from the Associated Press. Within the ... Read More »

Ohio Retailer Receiving $100K as Reimagine Retail Winner

For one lucky retailer, a trip to Las Vegas has paid off. On May 9, Matt Woods with Woods Hardware in Cincinnati was named the winner of the 2018 Reimagine Retail program.  Woods was honored at the North American Retail Hardware ... Read More »

Study: Shopping Local vs. Amazon Makes Powerful Impact

Home Sweet Home

A newly released study, Home Sweet Home: Locals vs. Amazon, examines the powerful local impact consumers make when purchasing home improvement products at independent businesses instead of on Amazon. The new research reinforces the value of the local economic advantage small ... Read More »

True Value’s 2017 Financials Show Slight Revenue Decline

True Value

True Value Co. has released its final annual report as a cooperative, showing a slight revenue decline in 2017 from the year prior. In April, the company announced the sale of 70 percent of its stock to private-equity firm ACON Investments and ... Read More »