Industry News

Existing-home sales fell in November, although median prices continue to show strong year-over-year growth, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 4.3 percent to …

Target reported Thursday that its stores have been hit by a major credit-card attack involving up to 40 million accounts. Chief Executive Officer Greg Steinhafel confirmed earlier reports that a brazen data breach had taken place. In a statement, Steinhafel …

An old friend and supporter of the hardware industry was recognized in Fort Wayne on Dec. 19, when Don Wolf, the retired president and CEO of Do it Best Corp., was awarded the Sachem Award. More than 300 people, including …

Jared S. Littmann, co-owner of K&B True Value, in Annapolis, Md., recently was appointed to the board of directors for True Value. “As a local independent entrepreneur, I’ve developed a strong appreciation for the challenges we all face in retail,” …

Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December. This gain reflected improvement in all three index components—current …

Home Depot has announced plans to open new fulfillment centers in California, Atlanta and Ohio over the next two years in an effort to build the capability to offer same-day delivery. The move will cost the retailer at least $300 …

Ace Hardware recently hired Frank Carroll as general merchandise manager. Reporting to senior vice president of merchandising, marketing and sales, John Surane, Carroll will work to advance Ace’s long-term merchandising efforts both domestically and internationally. “Frank brings with him a …

The shortened holiday shopping season spurred consumer spending in November, as Americans took advantage of Black Friday and Cyber Monday deals to make holiday purchases, according to the National Retail Federation. November retail sales, excluding automobiles, gas stations and restaurants, …