General Tool Acquired by Private Equity Firm

General

General Tools & Instruments (General®) has been acquired by High Road Capital Partners, a private equity firm based in New York City.  General’s CEO and senior management team remain at the company’s helm. “General remains focused on providing its customers with feature-rich, value-oriented specialty hand tools and test instruments,” says CEO Joe Ennis. “We look forward to working with High Road ... Read More »

Increase Purchases by Promoting Ads While Customers are in Your Store

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Global mobile agency Fetch has announced the results of its ‘Engaging the Mobile Shopper’ report, which was conducted among more than 300+ US adults aged 18 – 60 in order to uncover the true impact of mobile devices on brick-and-mortar retail. According to the company, the report aims to unravel the extent to which retailers are adapting their marketing communications ... Read More »

Home Sales Increase, Along With Unsold Inventory

U.S. Existing Home Sales Rise Moderately in December

Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors. Monthly sales gains in the West and South offset a modest decline in the Midwest while the Northeast was unchanged. For the full story, click here. Read More »

Lowe’s Acknowledges Third Party Data Breach

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According to an article by eSecurity Planet, Lowe’s recently began notifying an undisclosed number of current and former employees that their personal information may have been disclosed when a third-party vendor mistakenly backed up Lowe’s employee data to an unsecured server. For the full story, click here. Read More »

Boston Group Invests in Future

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The Boston Group has recently significantly increased its manufacturing and output capabilities with the investment of new manufacturing equipment for its Medford, Massachusetts headquarters. Founded in 1937, the Boston Group (formerly Boston Retail) engineers and manufactures a complete line of display, power and asset protection products, powered and non-powered merchandising displays, power accessories, modular wiring systems and more. On the design engineering ... Read More »

Why Small Businesses Matter

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  Ever wonder just how much your business matters to the economy? According to an article by NRF, the importance of small business to job creation and to the U.S. economy has been the focus of economists and policy makers for decades. Access to additional improved data allows for a more comprehensive look at the importance of small business. For ... Read More »

MAX USA Hires New Midwest Regional Sales Executive

Laurel Hutchinson_Web

  Pneumatic nailing tools manufacturer MAX USA announced today the addition of Laurel Hutchinson as its Midwest regional sales executive. Hutchinson brings 17 years of experience selling Building Products both commercial and residential to the position. She has 11 years of experience selling premium pneumatic tools and collated fasteners. MAX USA CORP., is headquartered in Mineola, New York is owned by MAX CO., ... Read More »

Farm, Pet and Ranch Merchandising Display Ideas

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With more and more consumers are seeking out that “rural living” ideal, an increasing number of retailers are tailoring their assortments to meet the demands of the growing farm, pet and ranch market. For some ideas of what other retailers are doing to merchandise in this category, check out the photos below. To read more about this expanding category, also ... Read More »

Housing Affordability Takes a Hit

Mortgage Rates Won’t Derail 2014 Housing Market

Housing affordability continued to fall across the country as the median price of single-family homes rose due to a continued lack of housing inventory, according to the latest National Association of REALTORS® Housing Affordability Index. The median single-family home price was $198,200 in March, up 7.4 percent from year-ago levels. For the full story, click here Read More »

Three Ways to Grow Lawn and Garden Sales This Summer

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With the rush of spring planting over, homeowners may be ready to tackle another project to spruce up their lawns and gardens. Here are three ways you can get your share of sales from those customers looking to enhance their outdoor spaces: Landscaping projects Think project sales as you promote your patio pavers and water gardening supplies. If you have ... Read More »

Caulk Kit

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makes it easy for DIYers or contractors to create a caulk color to match just about any interior or exterior design element. The Create-A-Color Caulk Kit from Red Devil bonds to the paint rather than repelling it like standard caulks. The kit includes a standard caulk mixer; two tubes of specially formulated Create-A-Color Caulk, a syringe for injecting the paint ... Read More »

Slow and Steady: Lowe’s Releases Q1 Results

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Lowe’s reported net earnings of $624 million for the quarter ended May 2, 2014, a 15.6 percent increase over the same period a year ago. Diluted earnings per share increased 24.5 percent to $0.61 from $0.49 in the first quarter of 2013. Included in the above reported results are charges related to long-lived asset impairments, which reduced pre-tax earnings for ... Read More »

Home Depot Q1 Results: Up, Lower Than Expected

Home Depot

Home Depot’s fiscal first-quarter net income jumped 12 percent as a key sales metric improved despite a slow start to the spring selling season due to bad weather but the company still missed both adjusted earnings and revenue expectations. The company reported first quarter of fiscal 2014 net earnings of $1.4 billion, or $1.00 per diluted share, compared with net earnings of $1.2 ... Read More »

Multi-Purpose Lighters

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feature team logos and school colors. The officially licensed multi-purpose lighters from Scripto® bring forth style to everyday lighting activities and let fans show their team spirit. They are perfect for lighting grills, candles, campfires, and fireplaces and are available in a variety of display options such as floor displays, counter displays, clip strip and open stock. All Scripto® lighters ... Read More »

Do it Best Shows Off Growing Categories, Services For Its Retailers

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Do it Best Corp. used its May market, held May 17-19 in Indianapolis, to highlight retail growth opportunities for its members. The co-op placed particular importance on the growth and expansion of core categories, the growth of new categories and the centralized support of retail programs for its members. With attendance up 15 percent from last May’s market, and sales ... Read More »

Deadline for Retail Management School Scholarship Applications This Friday

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The North American Retail Hardware Association (NRHA) has extended the scholarship application deadline to Friday, May 23, for the upcoming class of the Retail Management Certification Program. NRHA is offering two $5,000 scholarships to the summer 2014 session of the class. If selected to receive one of the scholarships, the candidate must be enrolled (or have submitted an application for ... Read More »

Stock Building Supply Opens Structural Component Plants Serving Raleigh-Durham and Salt Lake City Markets

Stock Building Supply announced the opening of two new structural component plants serving customers in the Raleigh-Durham, North Carolina and Salt Lake City, Utah metropolitan areas. In Middlesex, North Carolina, production of roof and floor trusses recently began in a 36,000-square-foot location. This facility will join existing store and distribution locations in Raleigh, Apex, Johnston County and Franklin County to ... Read More »

Help Customers Prepare for Damaging Storms

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Just as expert meteorologists predicted, the delayed storm season has started off in a damaging and devastating manner. As homeowners head to hardware stores the next few weeks to prepare for the next storm outbreak, retailers should be armed with the products and knowledge to help customers choose the right hardware to protect their homes, barns and sheds. Windows and ... Read More »

True Value Sparks Strategic Initiatives in Q2

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True Value announced it is gearing up to roll out its strategic plan in the fall that will highlight long-term changes for the co-op. While many efforts won’t be implemented until the end of 2014 or later, according to company reports, many new initiatives are slated to take place during the second quarter of this year. First, True Value launched ... Read More »

Ace Reports ‘Record-Breaking’ First Quarter Increases

Ace Store

Ace Hardware today reported the company’s best first quarter for both revenues and net income in its 90-year history, it says. Total revenues were $1.1 billion for the first quarter of 2014, an increase of $155.5 million or 16.8 percent, from the first quarter of 2013. Net income was $24.4 million for the first quarter of 2014, an increase of ... Read More »

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