Contributor, Author at Cutting Edge Products

Ace Hardware Sees Online Sales Increase Over Thanksgiving Weekend

Posted by Contributor
On December 1, 2022
Ace Hardware, Cutting Edge Products Magazine

Ace Hardware, the largest retailer-owned hardware cooperative in the world with more than 5,600 locally owned and operated stores, reported record online sales over the peak 5-day holiday shopping weekend from Thanksgiving thru Cyber Monday. Ace Hardware saw record single-day online sales on both Black Friday and Cyber Monday, fueled by strong demand for grills & smokers, electric mowers & snow blowers, and power tools from top brands including Weber, Traeger, Big Green Egg, Milwaukee, and EGO.

Retailers Encouraged by House Approval of Tentative Agreement Averting Rail Strike

Posted by Contributor
On December 1, 2022
Cutting Edge Products Magazine, Rail Strike

The National Retail Federation today issued the following statement from President and CEO Matthew Shay following the U.S. House’s vote to approve H.J. Res. 100. The resolution, which now heads to the Senate, will implement the Tentative Agreement that was negotiated between the administration, the rail labor unions and the railroads.

3 Things that Matter Most to Customers

Posted by Contributor
On November 30, 2022
Cutting Edge Products Magazine, Matter Most to Customers, Spotlight on Business, Wanda Lenoir

Independent retailers wear many different hats to maintain day-to-day operations and deal with factors dependent on the economy's health. The local hardware store or home center is a unique business niche that caters to a specific segment of customers. Many of these family-owned businesses have been in the exact location for generations. They continue to exist when others have failed because they understand what customers want and expect of them. • Sell quality products and services at a fair price that solves a problem or improves my home. • Hire great employees who share information and knowledge to help me complete projects with confidence • Make shopping enjoyable and convenient—get me out the door quickly.

Randy’s Do it Best Hardware Reopens After Fire

Posted by Contributor
On November 30, 2022
Cutting Edge Products Magazine, Do it Best, Randy's Do it Best

Randy’s Do it Best Hardware hosted a grand reopening event on Saturday, November 26, at their new store location at 5836 Main St. in Mt. Jackson. The previous Randy’s Hardware location, which had been a mainstay of the Mt. Jackson community for 70 years, was completely destroyed by an overnight fire on February 26. After confirming that everyone was safe, the leadership team immediately began making plans to rebuild, committing their time and effort to maintaining the store’s legacy.

BUILDERS FIRSTSOURCE CEO DAVE FLITMAN MOVES TO US FOODS

Posted by Contributor
On November 29, 2022
Builders Firstsource, Cutting Edge Products Magazine, Dave Flitman

US Foods Holding Corp., one of the largest food service distributors in the United States, today announced that Dave Flitman will become Chief Executive Officer (CEO) effective Jan. 5, 2023. Flitman will also be a member of the US Foods Board of Directors. brings to the company a wealth of global business leadership, executive management skills, and extensive commercial distribution experience, along with significant expertise in operational excellence, supply chain, and general management with more than 35 years of experience in manufacturing and distribution across multiple industries,

Metaltech Ultra-Jack® scaffolding system

Posted by Contributor
On November 11, 2022
Cutting Edge Products Magazine, Hardware and Building Supply, Metaltech Ultra Jack

Metaltech Ultra-Jack® is an aluminum scaffolding system productive and versatile solution that provides safe access for different types of projects. It is very handy for workers who need to travel up and down and from left to right on a wall.

NO UNION FOR HOME DEPOT STORE – ASSOCIATES VOTE AGAINST

Posted by Contributor
On November 8, 2022
Cutting Edge Products Magazine, Home Depot, Home Depot Philadelphia, Union

At a Home Depot in Philadelphia this past weekend, store associates voted on whether to unionize. It was no. "We’re happy that the associates at this store voted to continue working directly with the company,” said a spokesperson for The Home Depot.

LOWE’S ANNOUNCES SALE OF CANADIAN RETAIL BUSINESS TO SYCAMORE PARTNERS

Posted by Contributor
On November 7, 2022
Cutting Edge Products Magazine, Lowe's, Sycamore Partners

Lowe's Companies, Inc. (NYSE: LOW) today announced that it has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash, and performance-based deferred consideration.

TRUE VALUE COMPANY ACQUIRES THE AGWAY BRAND

Posted by Contributor
On November 2, 2022
Agway, Cutting Edge Products Magazine, True Value

True Value Company, one of the world’s largest hardlines wholesalers, today announced it has acquired the brand trademark rights from Agway Farm & Home Supply, a leading wholesale product distribution company serving a network of private dealers, primarily in the U.S. Northeast.

Mead Lumber Purchases Teague Lumber Company, Inc.

Posted by Contributor
On November 2, 2022
Cutting Edge Products Magazine, Mead Lumber, Teague Lumber

The National Retail Federation today announced that it has hired veteran loss prevention expert David Johnston as vice president for asset protection and retail operations.

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