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Tag Archives: Industry News

Lowe’s Names New Chairman of Board of Directors

Lowe's chairman

Marvin Ellison, Lowe’s president and CEO, has added an additional role to his job duties and will now also serve as the chairman of the board. Ellison, who joined the company in July 2018 as president, chief executive officer and …

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Webinar: Learn the Latest on Inventory Management

Inventory Management Webinar

What long-term effects will the pandemic have on the way retailers manage their inventory?  The North American Hardware and Paint Association (NHPA) invites all members of the independent home improvement, paint and decorating industry to the upcoming Inventory Management webinar …

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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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