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Stock Building Supply Opens New Facility

Stock Building Supply Opens New Facility

Stock Building Supply Holdings, Inc. announced the opening of a new lumber and building materials distribution facility serving the Charlotte, North Carolina area. The company opened a full-service lumber and building materials distribution facility, design center and show room in Troutman, North Carolina, to serve growing customer demand. This facility will join the existing store in Rock Hill, South Carolina to serve the greater Charlotte ... Read More »

Hidden Tax For Short-Sellers?

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Down-on-their-luck homeowners who avoid foreclosure through short sales or loan forgiveness could owe the IRS big bucks because partisan wrangling is holding up extension of a popular tax break designed to help them. “We’re talking about people who are financially distressed and simply don’t have the wherewithal to pay this tax liability,” says Steve Brown, president of the National Association ... Read More »

L&G Trends: From Greenspotting to Digital Gardening

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In just a few months, historic Cologne, Germany, will play host to the world’s largest lawn, garden and outdoor living trade fair, SPOGA/GAFA. The SPOGA/GAFA trade fair will take place Aug. 31-Sept. 1 at the Koelnmesse exhibition center and include thousands of exhibitors from across 10 different lawn, garden and outdoor living product categories ranging from grills to farm and ... Read More »

Average 30-Year Mortgage Rate at 4.17 Percent

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Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan declined to 4.17 percent from 4.20 percent last week. The average for the 15-year mortgage dipped to 3.30 percent from 3.31 percent. Rising prices and higher interest rates beginning in mid-2013 have made ... Read More »

Home Hardware’s 17th Annual Golf Tournament Raises Money for Ray of Hope

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More than 600 Home Hardware Dealer-Owners, Staff, suppliers and friends teed up for charity yesterday for the Home Hardware Annual Charity Golf Tournament in support of Ray of Hope, a community organization that provides support services for troubled youth. Each year, Home Hardware makes a two-year commitment to a local charity and partners to plan and execute the annual golf ... Read More »

Group Merchandising Conference Unites Hundreds of Manufacturers, Distributors

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  The mid-year Group Merchandising Conference (GMC), which ran June 16-18 in Atlanta, focused on building relationships and previewing products. Distributors affiliated with PRO Group, Inc. and Val-Test met with manufacturers during 973 scheduled private 30-minute buyer/vendor appointments over the course of two days. Participants included 140 distributor and manufacturer attendees. The one-on-one focus on merchandising at the event allows vendors ... Read More »

House-Hasson Hardware June Dealer Market to Unveil Technology Advancements

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At House-Hasson Hardware’s June dealer market, the company will explore the company’s present – and future – technological advancements to help them be more profitable and efficient. These include e-mail via the “cloud”; virtualized computer systems, “Go Green” paperless warehouse operations; increasing warehouse bandwidth by a factor of 10; and other steps to ensure dealers have advanced technology serving them, says Don ... Read More »

NRHA Launches Retail Research Group to Deliver Information to Channel

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The North American Retail Hardware Association (NRHA) is pleased to announce the launch of the NRHA Retail Research Group (RRG), which is dedicated to delivering quality, retailer-driven research to the home improvement channel. “Helping members and the channel at large gain a better and more in-depth understanding of the home improvement industry is a critical responsibility for our association and ... Read More »

Lowe’s Launches In-Store Holorooms

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Last week, Lowe’s introduced Lowe’s Innovation Labs and the first concept to come out of the lab, the Lowe’s Holoroom. Lowe’s created Lowe’s Innovation Labs to build new technology to solve common consumer frustrations while working alongside start-ups, universities, specialized professionals and other companies. The Lowe’s Holoroom is a home improvement simulator which applies 3-D and augmented reality technologies to ... Read More »

Rough Winter Doesn’t Chill Attendee Attitude at United Buying Market

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Despite a long cold winter, attendees to the United Hardware June Buying Market say they’re experiencing a booming spring business and have high hopes for the future. While United Hardware continues to work around the clock to meet increased demand, it continues to focus on the future with training, technology and new niche opportunities at its market. Focus on Housewares ... Read More »

Memphis-Based Orgill, Inc. Receives President’s E Award for Exports

Jerry Cardwell, Orgill’s Senior Vice President in charge of export sales (right) and Orgill, Inc. board member Joe Orgill, were on hand in Washington D.C. to receive the award from Secretary Pritzker

Orgill, Inc. was among a small group of U.S. companies and organizations recently honored with a 2014 “E” Award for Export excellence by U.S. Secretary of Commerce Penny Pritzker. President John F. Kennedy created the President’s “E” Award in 1961 to recognize persons, firms, and organizations that contribute to expanding U.S. exports. The E Award is the highest recognition any ... Read More »

Technology Bridges Gap Between Online and Physical Stores

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As consumers have become increasingly reliant on mobile devices, consulting apps, websites and online reviews to help dictate purchase decisions, the future of brick-and-mortar retailers once seemed bleak. But, just as consumers tend to move through ebbs and flows that dictate their purchase frequency and brand loyalty, new advancements in mobile technology point to a new retail future that will ... Read More »

Ace Names New VP of IT and CIO

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  Ace Hardware Corporation hired Karen Fedyszyn as Vice President of Information Technology (IT) and Chief Information Officer. Reporting to Ace’s Chief Financial Officer, Fedyszyn will help the company drive strategic technology and systems management for Ace to shape business functions and deliver return on investments. Fedyszyn spent the last 14 years as an executive leader at HSBC, the second largest ... Read More »

Ace Announces Board of Director Changes

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  Ace Hardware elected a new chairman and two new board members this week. The Ace Hardware board of directors elected its new chairman, Jim Ackroyd, chief executive officer of Vision Ace Hardware, an 11-store chain in southwest Florida. Ackroyd was elected vice chairman in 2013 as part of a planned chairman transition. Ackroyd was also re-elected to another three-year ... Read More »

Kimberly McCluskey Joins Leight Sales

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Leight Sales would like to introduce and welcome Kimberly A. McCluskey to Leight Sales as Buyer. Kimberly A. McCluskey comes from an extensive background of Retail Buying and Merchandising. She has been a senior buyer at Sears, Sports Authority and Big 5. In her 20-plus year career, she’s increased sales in all key areas of business, improved workflows and implemented ... Read More »

Commercial Real Estate Market Shows Signs of Improvement

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The outlook for all of the major commercial real estate sectors is slightly improving across the country despite disappointing economic growth during the first quarter of 2014. According to the National Association of Realtors quarterly commercial real estate forecast and its chief economist Lawrence Yun, the sluggish growth experienced in the first quarter is not indicative of the actual health ... Read More »

Millennials Account for Nearly One-Third of Recent Home Purchases

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The numbers are in: Millennials – those age 33 and younger – take the top spot as the largest group of recent homebuyers in the U.S. According to the 2014 National Association of Realtors Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent homebuyers and sellers, millennials comprised 31 percent of recent home purchases. To ... Read More »

Home Depot Ramps up Supply Chain In Prep for Two-Day DTC Deliveries

The Home Depot Opens Direct Fulfillment Center to Support Online Business

Home Depot’s vision of interconnected retail continues to develop. While the retailer continues to its brick-and-mortar presence, it continues to grow its virtual assets to better optimize new technology and new shopping behaviors. With the launch of direct-to-consumer shipping, Home Depot’s online business grew by more than $900 million last year. To better accommodate the need to service the shipments across the country, the retailer is ... Read More »

Lowe’s Announces New CIO

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Lowe’s Companies, Inc. announced that Paul D. Ramsay was promoted to chief information officer (CIO), effective immediately. He has been serving as acting CIO since March. Ramsay will report to Richard D. Maltsbarger, who has been appointed chief development officer. Maltsbarger has responsibility for IT, Strategy, Consumer Insights, and Business Development and is President of Orchard Supply Hardware. As CIO, Ramsay ... Read More »

Housing Shortages in the Future?

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New home construction activity is currently insufficient in most of the U.S., and some states could face persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation, according to new analysis by the National Association of Realtors®. The labor market, which is a key to overall economic health, has recovered all of the ... Read More »

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