Lowe’s a Step Closer to Acquiring 72 Orchard Supply Hardware Stores

orchard-supply-featured-image

Lowe’s today announced further progress in its plans to acquire the majority of assets of Orchard Supply Hardware, including 72 stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners, subject to Bankruptcy Court approval. No additional bids for Orchard Supply’s assets were received by the Aug. 9 bankruptcy court deadline. The ... Read More »

Cost of Doing Business Study

Small Businesses Anticipate Breakout Year Ahead

The annual Cost of Doing Business Study* provides detailed financial information from hardware stores, home centers and lumber/building material outlets. The tables contained in this report are designed to provide comprehensive, yet straightforward guidelines for analyzing the profitability of your hardware store, home center or lumber/building material outlet. Included with the CODB are several financial calculators that allow you to ... Read More »

4 Ways to Attract Customers to Your In-Store Services

store services

In-store services like screen and glass repair, as well as blade sharpening and small engine repair, are likely already going strong this summer. Here are some ideas to keep customers coming in for services and repairs: Send your small engine repair tech to vendor training for updates on new equipment. Encourage customers to get service work done early so you ... Read More »

Retailers Say Organized Retail Crime Rates Continue to Rise

The National Retail Federation’s (NRF) ninth annual Organized Retail Crime (ORC) Survey found 93.5 percent of retailers say they have been victims of organized retail crime in the past year, down slightly from 96.0 percent in 2012. For the past three years, more than 90 percent of the retailers surveyed said they were victims of this type of crime, and eight in ... Read More »

The Alliance to Save Energy

The Alliance to Save Energy - Feature

The Alliance to Save Energy is offering free lighting tip cards to all North American Retail Hardware Association (NRHA) members in an effort to help educate all hardware and home improvement retailers and their employees about new energy-efficient lighting options. The cards, sponsored by the U.S. Department of Energy, provide valuable information such as the money saving value of energy-saving ... Read More »

Littlejohn & Co. Completes Acquisition of Handy Hardware

Handy Hardware

Littlejohn & Co., LLC, a private investment firm based in Greenwich, Conn., has completed the acquisition and recapitalization of Handy Hardware. Handy Hardware emerged from Chapter 11 after the U.S. Bankruptcy court in Wilmington, Del. approved the transaction in July. Under the acquisition, Handy will maintain the Handy Hardware brand; however, the company will become private and no longer be ... Read More »

Train Employees on Product Knowledge

Cole-Hardware-San-Francisco-2011

When putting together a training plan for your employees, identify your key summer categories, then identify any new products. Your employees need to have all the information they need to sell them. They also likely need a refresher course on basic product knowledge. Many retailers invite vendors to come into the store to talk about their products. They should tell ... Read More »

Court Rules in Retailers’ Favor on Debit Swipe Fee Reform

court ruling

A federal judge threw out a Federal Reserve rule on fees banks can charge merchants when they swipe customers’ debit cards, saying the Fed didn’t do enough to limit the charges. The ruling won’t have an immediate effect on debit fees since it temporarily postpones enforcement of the decision, citing the potential disruptive effects to an industry that has been ... Read More »

Unemployment Rate Down to 7.4%

Retail Hiring Lifts Employment In December

Both the number of unemployed, at 11.5 million, and the unemployment rate, at 7.4 percent, were down in July. These measures were down by 1.2 million and 0.8 percentage point over the year, respectively, the U.S. Bureau of Labor Statistics reported. Employment also rose in the retail trade industry, with 6,000 jobs added in building material and garden supply stores ... Read More »

HIRI’s Fall Conference Set for Oct. 16

The Home Improvement Research Institute’s 2013 Fall Conference will take place Oct. 16 at The Crowne Plaza Chicago O’Hare Hotel and Conference Center with the theme of “Changing Home Improvement Attitudes & Behaviors.” Presentation topics will include future consumer behaviors, economic trends in the home improvement industry, home improvement shopping trends across diverse demographics, the effect of durable goods on ... Read More »

Self-Checkout Terminal Shipments Due to Increase

Retailer Data Breach Trend Not Likely To End Soon

London-based research firm RBR predicts the total shipments of self-checkout terminals will continue to increase while retailers continue to pursue new self-service models. According to RBR’s Global EPOS and Self-Checkout 2013 study, the number of self-checkout terminal shipments is expected to increase from the 27,000 it counted in 2012 to 60,000 by 2018. The study also suggests that the increase ... Read More »

True Value’s Revenue Up 2Q

True Value Store

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. “Our expanded farm, ranch, automotive and pet product lines contributed to increased gross billings while the delayed spring-like temperatures and ... Read More »

Demolition Screwdriver

7-29-2013: demolition screwdriver

created by Klein Tools, it’s designed to take and deliver a beating. Engineered, manufactured and tested for prying and chiseling, the unique screwdriver design transfers impact force directly to the work surface. A plated metal strike cap protects the handle from hammer blows. Made in the USA, these slotted screwdrivers are available in 4-inch and 7-inch blade lengths and ¼-inch ... Read More »

Sophisticated Mailboxes

7-29-2013: Sophisticated Mailboxes

have curvier edges to increase aesthetic appeal and a sturdy, secure lock for mail protection. Mailboxes come in a variety of styles, each of which has its own unique features to increase style and functionality. For more information, click here. Read More »

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