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Tag Archives: slider

Ace Hardware Reports Revenue Growth in Q2

Ace Hardware

Ace Hardware Corp. today reported an increase in revenue over the previous year for the second quarter of 2017. The co-op’s second-quarter 2017 revenues were $1.5 billion, an increase of $66 million, or 4.6 percent, over the second quarter of 2016, which is ... Read More »

EXCLUSIVE: True Value CEO Discusses Earnings, Sale Rumors

exclusive

The results of continued investments in True Value’s strategic plan are starting to pay dividends and the recent rumors swirling around a potential sale of the co-op will not be a distraction, according to the company’s president and CEO John ... Read More »

Lowe’s Layoffs Hit Another Department — Delivery

layoffs

Lowe’s is continuing to reduce its U.S. staff, confirming Aug. 3 layoffs of  “an undisclosed number of delivery workers nationwide” and the outsourcing of their work, The Charlotte Observer reports. Lowe’s, which is headquartered near Charlotte in Mooreseville, North Carolina, told the Charlotte newspaper that the latest ... Read More »

Outlook Positive at United Hardware Fall and Winter Buying Market

United Hardware

As retailers crowded into United Hardware’s Fall and Winter Buying Market, held July 28-30 at the Minneapolis Convention Center, one message came across loud and clear. There are plenty of opportunities to gain success in the home improvement industry for those ... Read More »

Sears to Sell Smart Appliances on Amazon

appliances

Sears announced Thursday that it will begin selling Kenmore appliances on Amazon that feature Amazon’s smart home assistant Alexa, reports the Chicago Tribune. According to the article, Sears will sell Kenmore appliances that can be operated using Alexa’s voice-activation capabilities. ... Read More »

True Value Responds to Bloomberg Report Regarding Possible Sale

True Value Co.

According to a Bloomberg report Monday, True Value Co. is “considering a sale that could value the home-improvement store chain at about $800 million.” People who asked not to be identified as they weren’t authorized to speak publicly say the company ... Read More »

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 ... Read More »

Amazon to Acquire Whole Foods, Expand Brick-and-Mortar Footprint

Whole Foods

On June 16, Amazon announced it would be acquiring the high-end grocery chain Whole Foods Market for $13.7 billion, reports The Wall Street Journal. The acquisition gives the online retailer a network of more than 460 stores “that could serve as beachheads for ... Read More »