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Tag Archives: financials

True Value’s Revenue Up 2Q

True Value reported revenue of $411.5 million, an increase of 1.0 percent for the same period a year ago, for the second quarter. The quarterly net margin for the co-op was $23.8 million, up 7.2 percent from a year ago. …

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Lumber Liquidators Sales Up 2Q

Toano, Va.-based flooring retailer Lumber Liquidators finished strong after the spring remodeling season, with reported increased net sales of 22.2 percent to $257.1 million in the second quarter and a 14.9 percent increase in comparable store sales. Gross margin was …

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CNRG Acquires Moore’s Hardware

Central Network Retail Group, LLC (CNRG) recently acquired Moore’s Hardware in Dahlonega, Ga., an 11,500-square-foot store with an additional warehouse and lumberyard. Moore’s sells an assortment of lumber, building materials, millwork, hardware, paint, electrical and plumbing products. Lamar Ricketts, Moore’s …

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Our Three Pennies of Profit

Our Three Pennies of Profit - Feature

To watch the full video, click here. “Our Three Pennies of Profit” retail training video helps independent hardware store, home improvement center and lumberyard owners and managers better communicate the fundamental elements of retail profit and loss to their employees. …

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Liquidation Sales Start at 8 Orchard Supply Hardware Stores

Orchard Supply Hardware

Great American Group, a provider of asset disposition and auction services, is managing store closing sales at eight Orchard Supply Hardware locations. Liquidation sales will be held at Citrus Heights, Fairfield, Huntington Beach, Lone Tree, Long Beach, Midtown, Newark and …

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28,000 Retail Jobs Added in June

jobs

Total nonfarm payroll employment rose in June by 195,000, and the unemployment rate was unchanged from May at 7.6 percent, the U.S. Bureau of Labor Statistics reported. The number of unemployed persons, at 11.8 million, was also unchanged in June. …

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Consumer Confidence Rises for Third Straight Month

Consumer confidence improved for the third straight month, according to the Conference Board Consumer Confidence Index. The Index now stands at 81.4, up from 74.3 in May, bringing it to its highest level since January 2008 (Index 87.3). “Consumers are …

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