The Home Depot is buying back HD Supply Holdings Inc., a distributor of fasteners, plumbing parts, chain and other hardware. The distributor was part of the big box hardware retailer in the past, and relies on Home Depot for about 98 …
Read More »Kate Klein
Valspar Buys Canadian Coatings Manufacturer
Paint company Valspar Corporation recently bought a Canadian coatings manufacturer. In November, Valspar completed the purchase of Madison Chemical Industries Inc., which is headquartered in Ontario. The companies did not release financial details of the deal. Madison’s protective coatings, made …
Read More »Thanksgiving Weekend Spending Drops 11 Percent
Thanksgiving weekend sales for brick and mortar and online retailers fell about 11 percent year over year. Thanksgiving, Black Friday and holiday weekend sales totaled about $50.9 million this year, down from the $57.4 billion of the same timeframe in 2013, according to …
Read More »Free Webinar: Mobile Best Practices for Hardware Stores
Hardware industry veteran, Pat Murphy, is hosting a free webinar on integrating mobile engagement into in-store experiences. The webinar topics include: Why do I need to include mobile in my advertising? How do I get my customers to opt in to …
Read More »Hardware Stores Collect Food for Homeless Pets
Ace Hardware stores in the Springfield, Massachusetts, area are collecting pet food for local humane societies and animal shelters. Rocky’s Ace Hardware, a family-owned business, will collect the pet food through Dec. 23 at its nine stores in the Springfield …
Read More »Industry Veteran John Sullivan Dies at Age 88
A 30-year veteran of the retail hardware industry, who worked as a journalist and in corporate communications for True Value, died this month. John Sullivan, 88, of Danville, Illinois, died Nov. 21. Sullivan worked for three decades in the hardware …
Read More »Home Depot Dealing with Data Breach Lawsuits
The Home Depot is facing 44 lawsuits at minimum after payment card information was stolen from customers who shopped at the home improvement company’s stores earlier this year, according to Fortune.com. The data breach cost Home Depot $43 million in the third quarter of fiscal …
Read More »Lowe’s Ordered to Pay Nearly $5 Million for Unpaid Overtime
A Florida judge has ordered Lowe’s Home Centers Inc. to pay $4.6 million to human resources employees and their attorneys in a nationwide class-action lawsuit. The Lowe’s human resources employees had sued the home improvement retailer in 2012, claiming that Lowe’s …
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