News

Two former rivals in the outdoor sporting goods industry are uniting. On Oct. 3, Bass Pro Shops announced that it is acquiring Cabela’s Incorporated for about $5.5 billion. The companies are expected to close the deal during the first half of 2017, according to an article …

Consultant Roberto Castellón, whose areas of expertise include finance, access to capital and business operations, spoke with Hardware Retailing about national overtime changes that are set to take effect Dec. 1. Castellón works for a Florida branch of America’s Small …

Walmart is taking some expensive steps to compete with online rival Amazon, and those include investments in existing online retail businesses. Wal-Mart Stores Inc. is talking about becoming a minority owner of Flipkart, India’s biggest online retailer, according to Fortune. News of the possible deal comes …

Retailers may have more time to prepare for the U.S. Department of Labor’s new overtime rule if a bill becomes law. This week, the U.S. House of Representatives voted 246 to 177 in favor of legislation to delay the start date of the overtime …

A revolutionary idea that came to a couple of Lowe’s stores earlier this year is spreading to a few more locations, and it will come with some new features, too. This past spring, Lowe’s partnered with Microsoft to pilot the …

Australian company Woolworths is selling off segments of its failed joint venture with Lowe’s in Australia, and a court has ruled against Lowe’s request to have a court-ordered outsider handle the liquidation. The joint venture has steadily lost money, and Lowe’s announced Jan. 18 that it was …

Your business’ local economic impact is significant, so remind your customers whenever you can that shopping at your store matters to your community. The North American Retail Hardware Association (NRHA) and Independent We Stand, two organizations that exist to support …

To view a PDF of this story, click here. For yet another perspective on working both as a retailer and a politician, click here for an online-exclusive Q&A with Dennis Stine, president and CEO of Stine Lumber in Louisiana. Stine has served …