Ace Hardware Sees Online Sales Increase Over Thanksgiving Weekend

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.
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Retailers Encouraged by House Approval of Tentative Agreement Averting Rail Strike

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.
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Randy’s Do it Best Hardware Reopens After Fire

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.
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BUILDERS FIRSTSOURCE CEO DAVE FLITMAN MOVES TO US FOODS

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,
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NO UNION FOR HOME DEPOT STORE – ASSOCIATES VOTE AGAINST

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

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.
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TRUE VALUE COMPANY ACQUIRES THE AGWAY BRAND

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.
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Mead Lumber Purchases Teague Lumber Company, Inc.

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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Registration is Open for the Inspired Home 2023 Show

Registration is Open for the Inspired Home 2023 Show

  • Posted by Contributor
  • On November 1, 2022
  • Cutting Edge Products Magazine, Marson and Marson Lumber, TAL Holdings
Join your industry peers in Chicago this March 4-7, because somewhere on our Show floor is the next game-changer. You can find it, or your competition will.
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NRF Hires Loss Prevention Expert

NRF Hires Loss Prevention Expert

  • Posted by Contributor
  • On November 1, 2022
  • Cutting Edge Products Magazine, Marson and Marson Lumber, TAL Holdings
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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