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Tag Archives: Industry News

6.6M People File Unemployment Claims

unemployment claims

More than 6.6 million people have filed unemployment claims in the week ending March 28, according to new data from the U.S. Department of Labor. This figure is in addition to 3.3 million people who filed unemployment claims in the …

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Paint, Impulse and Dealer Services Top the List at the Orgill Spring Dealer Market

fall dealer market

Thousands of independent home improvement retailers gathered in Orlando to attend the Orgill Spring Dealer Market, which began today and runs through Feb. 29.  The Market covers nearly 1 million square feet of the Orange County Convention Center and draws …

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Ace Hardware Reports Record Revenue in Q4 2019

Ace Hardware revenue

Ace Hardware Corp. reported a record fourth quarter revenue in 2019 of $1.5 billion, a 6.1 percent increase from the fourth quarter of 2018. Net income was $3.5 million for the quarter, a decrease of $21.7 million from the fourth …

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Fulcrum Building Group Acquires South Bay Lumber and Navarre Lumber

fulcrum building group

Silver Canyon Group, a San Diego-based private equity investment firm, has formed Fulcrum Building Group to acquire a majority interest in South Bay Lumber of Santa Rosa Beach, Florida, and Navarre Lumber of Navarre, Florida. South Bay and Navarre have …

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Amazon Arrives in Australia, Hardware Association Responds

Australia

Since the mid-1990s, Amazon.com has evolved from an online bookstore to the e-commerce giant that has in many ways forced brick-and-mortar businesses to change the way they do business in the U.S. Additionally, Amazon has found its footing globally, establishing a presence in several countries …

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In-Store Experiences Still Matter. Big Time.

in-store experiences

To view a PDF of this story, click here. In an interview with Hardware Retailing, Jim Robisch of The Farnsworth Group discusses how retailers must not lose sight of the importance of in-store customer experiences while trying to compete against …

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CNRG Buying 7 Washington Hardware Stores

CNRG

Central Network Retail Group (CNRG), a multiformat, multibrand retailer that operates stores in 11 states, is buying McLendon Hardware. The fourth generation of the McLendon family currently owns McLendon Hardware, which has seven stores in Washington state. CNRG currently operates 90 hardware stores, home …

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NRHA and PDRA: Building Stronger Associations

PDRA

To view a PDF of this story, click here. The Industry’s Two Largest Retail Associations Forge Closer Ties In early February, the North American Retail Hardware Association (NRHA) and the Paint and Decorating Retailers Association (PDRA) released a joint announcement …

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