Ace Hardware recently announced the acquisition of Emery-Waterhouse, a 170-year-old distributor of hardlines products for independent lumber, paint, industrial and hardware outlets throughout the Northeast. Hardware Retailing editors sat down with Ace President and CEO John Venhuizen to talk about …
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Ace Focuses on Advancing Growth at Spring Convention
Ace Hardware executives took some time to reflect on the company’s history in recognition of Ace’s 90th anniversary at the general session of the co-op’s Spring Convention and Exhibits on Monday morning in Houston, but Ace President and CEO John …
Read More »Home Depot’s Comp-Store Sales Up in Fourth Quarter
Home Depot reported increases in comp-store sales spurred by the recovering housing market. Comparable store sales for the fourth quarter of fiscal 2013 increased 4.4 percent, and comp sales for U.S. stores were positive 4.9 percent. Total sales for the …
Read More »Retailers Approve Aggressive Change and National Philanthropic Partnership at True Value Reunion
Feedback regarding changes occurring within the True Value co-op over the past year appeared notably positive from retailers exploring True Value’s Spring & Rental Reunion this past weekend in Atlanta. While still concerned about national economic conditions and cautious about …
Read More »Ace Hardware Acquires Emery-Waterhouse
Ace Hardware announced today it has acquired Emery-Waterhouse, a 170-year-old distributor of hardlines products for independent lumber, paint, industrial and hardware outlets throughout the Northeast. Emery-Waterhouse will move forward as an independently operated, majority-owned subsidiary of Ace Hardware. The Emery-Waterhouse …
Read More »Ace Reports Record 2013 Sales, Profit Increases
Ace Hardware reported total fiscal 2013 revenues of $4.2 billion, an increase of $313.3 million or 8.2 percent. Net income was $104.5 million for fiscal 2013, an increase of $22.7 million or 27.8 percent, compared to $81.8 million in fiscal …
Read More »RONA Inc. Reports Declines in Fiscal Year and Fourth Quarter 2013 Earnings
Canadian home improvement retailer RONA Inc. reported a decline in same-store sales and revenues in the fourth quarter 2013 and fiscal 2013 overall, a result of the “closure of the company’s underperforming stores and the difficult market conditions throughout the …
Read More »Who’s Buying Houses? A Quick Look at Some Emerging Demographics
It’s an age-old tale: A new customer comes into your store and you find out he’s renting an apartment nearby. A couple of years later, he’s in the store buying paint and fixtures for his starter home. Down the road, …
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