Are you ready to buy a business? In the July issue of Hardware Retailing, we talked with four owners who had recently purchased a business, or are in the process of purchasing a business. They talked about their experiences …
Read More »Kate Klein
Westlake Ace to Expand Into North Carolina
The Westlake Ace Hardware chain is expanding into North Carolina. The company, which is an Ace Hardware Corp. subsidiary, is scheduled to close a deal to buy two stores in Raleigh, North Carolina, in mid-July. With the addition of the North …
Read More »Lumber Liquidators Won’t Sell Chinese Flooring, Continues Tests
Flooring discounter Lumber Liquidators won’t be selling Chinese-made laminate anymore, and has agreed to continue an air-quality testing program for consumers. Federal agencies, including the U.S. Consumer Product Safety Commission, had been investigating the Toano, Virginia, company since early 2015, when the retailer …
Read More »Founder of 25-Store Ace Chain Dies at Age 76
Vincent J. “Vinnie” Costello, founder of Costello’s Ace Hardware in New York, died this month at age 76. Costello worked full time for the 25-store chain until earlier this year, and officially retired as CEO in May. He died June 4. “He loved to work. …
Read More »Ace Hardware Makes Changes to Board of Directors
Ace Hardware Corp. recently announced changes to its board of directors. This month, co-op stockholders elected one new board member and re-elected two others. The new board member is Kristin Grunder, president and co-owner of Rome Ace Hardware, a single Ace store …
Read More »Walmart Canada to Stop Accepting Visa Credit Cards
Walmart and Visa’s conflict over credit cards has gotten bigger. Starting July 18, Walmart Canada will begin to phase out Visa as a credit card its retail stores accept, according to the company. A U.S. lawsuit Walmart filed against Visa this …
Read More »Make Your Online Presence Part of Customer Service
The majority of shoppers from around the world still research and make home improvement purchases in stores–but don’t think that means you can wait to build a robust online presence if you don’t have one. More than half of consumers make their home …
Read More »After Arson, Past NRHA Chairman’s Store a ‘Total Loss’
Everything higher than 2 feet off the floor is scorched or hardened into long plastic drips where it burned in Valley Supply Hardware during a recent fire set by arsonists. “It is a total loss. Everything is gone–computers, telephones, inventory,” …
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