Industry News Archives - Cutting Edge Products

Ace Hardware Sets Record For Attendance At Spring 2023 Convention

Posted by Contributor
On March 21, 2023
Lowe's

Ace Hardware, the largest retailer-owned hardware cooperative in the world with more than 5,600 locally owned and operated stores, broke its own record for attendance at its recent in-person convention held March 14-16 in San Antonio, Texas. The event brought together over 4,800 Ace retailers representing 3,355 stores. With total attendance over 11,800 for the entire show,

LOWE’S INVITES ENTREPRENEURS AND BUSINESS OWNERS TO APPLY FOR ‘INTO THE BLUE: PRODUCT PITCH EVENT’

Posted by Contributor
On March 21, 2023
Lowe's

For the second time, Lowe's is calling on entrepreneurs and businesses of all sizes nationwide and internationally to apply for "Into the Blue: Lowe's Product Pitch Event," the home improvement retailer's largest and most impactful live product sourcing event. Now through March 20, interested businesses with ready-for-market products can apply at Lowes.com/Suppliers.

Do it Best Announces Spring Open Buying Day

Posted by Contributor
On March 21, 2023
Cutting Edge Products Magazine, Do it Best, Do it Best Spring Buying Day

Do it Best has set the date of its spring Open Buying Day for April 12 as it continues to expand the variety of products it offers to its member-owners from domestic and international vendors.

LOWE’S REPORTS FOURTH QUARTER 2022 SALES

Posted by Contributor
On March 2, 2023
4th Quarter Earnings, Cutting Edge Products Magazine, Lowe's

Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $957 million and diluted earnings per share (EPS) of $1.58 for the quarter ended Feb. 3, 2023, compared to diluted EPS of $1.78 in the fourth quarter of 2021.

Home Depot Invests in its Associates

Posted by Contributor
On February 24, 2023
$15 Hour, Cutting Edge Products Magazine, Home Depot, Hourly Wages

Home Depot they are investing an additional $1 billion in wage increases for its frontline hourly associates. This will drive wage growth first and foremost for all its tenured frontline hourly associates. It will also benefit those just starting their careers at The Home Depot. This investment positions them more favorably in every market where they operate, and its starting wage in every U.S. market is at or above $15 per hour.

Do it Best LBM Academy Graduates Inaugural Class

Posted by Contributor
On February 24, 2023
Cutting Edge Products Magazine, Do it Best, LBM Academy

Do it Best graduated their inaugural class of LBM Academy yesterday, equipping nearly 50 home center and lumberyard employees from across the country with proven techniques to more effectively drive sales with their pros and contractors.

TRUE VALUE CELEBRATES 75 YEARS OF HOMETOWN VALUES & SERVICE

Posted by Contributor
On February 21, 2023
75th Anniversary, Cutting Edge Products Magazine, True Value

True Value Company, one of the world's largest hardline wholesalers, today announced the yearlong celebration of its 75th anniversary and the continuing legacy of hometown values and building local communities. Founded in 1948 by John Cotter with 25 member stores, the business has continued to grow and evolve ever since. Today True Value serves over 4,500 independent retail hardware stores under a globally recognized brand in over 60 countries.

ORGILL CELEBRATES 2023 SPRING DEALER MARKET IN NEW ORLEANS

Posted by Contributor
On February 16, 2023
Cutting Edge Products Magazine, Do it Best, Pleasants Hardware, Powhatan

Orgill welcomed thousands of retailers to the Big Easy last week at the 2023 Spring Dealer Market at the New Orleans Ernest N. Morial Convention Center. The event brought together retailers from across the United States and around the world to browse more than 900,000 square feet of exhibits from the industry’s leading vendors, interacted with Orgill team members, shop for best-in-class promotional buys and attend a range of educational sessions.

WESTLAKE ACE TO OPEN STORE IN CHARLOTTE

Posted by Contributor
On February 15, 2023
Ace Charlotte, Cutting Edge Products Magazine, Westlake Ace Hardware

Westlake Ace Hardware announced today it has signed a lease agreement to open a new store in Charlotte, NC. The store will be in the Rozzelle Crossing Shopping Center at the corner of Mt. Holly-Huntersville Rd. and Bellhaven Rd. (former location of Bi-Lo). Renovations to the space will begin in the summer of 2023, with an anticipated soft opening during the first quarter of 2024. It will feature approximately 20,000 sq. ft. of retail space.

Do it Best Builds Capacity for Strong Sales Growth

Posted by Contributor
On February 6, 2023
Cutting Edge Products Magazine, Do it Best

Do it Best has broken ground on a major expansion of its Woodburn, Oregon distribution center to support member growth along the West Coast. The multi-year project will grow the space by about 50% and will dramatically increase the company’s efficiency and responsiveness with state-of-the-art systems and equipment.

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