Industry News Archives - Page 18 of 44

LL Flooring is winding down operations with store closing sales beginning at all remaining stores on September 6.

Posted by Contributor
On September 3, 2024
Cutting Edge Products

These discussions have not resulted in an offer, with the necessary financing, that would maximize the value of LL Flooring. Under Chapter 11 rules, the Company is required to achieve the highest or otherwise best offer for the Company’s business or assets and, in this case, it was determined that a sale of the Company’s individual assets, holding closing sales at our stores and winding down the business will deliver the most value to its creditors.

Do it Best Welcomes Kerry Hasselbach as Director of Marketing

Posted by Contributor
On August 26, 2024
Cutting Edge Products

Hasselbach brings more than 20 years of experience and a proven track record of success in leadership roles across the home and retail industries, making her a valuable addition to the Do it Best team.

ACE HARDWARE REPORTS SECOND QUARTER 2024 RESULTS

Posted by Contributor
On August 21, 2024
Cutting Edge Products

Net income was $114.4 million for the second quarter of 2024, a decrease of $12.3 million from the second quarter of 2023. This decrease was due to planned increases in marketing expenses and retail store expenses. The increased spending was expected to be offset by an improved gross margin rate. However, product cost deflation and higher transportation costs prevented the margin expansion.

Do it Best Enhances Online Lumber Sales Capabilities

Posted by Contributor
On August 9, 2024
Cutting Edge Products

Do it Best has announced expanded capabilities forselling lumber online, offering customers a more streamlined and efficient shopping experience.

Bliffert Lumber Announces Appointment of Chief Financial Officer Dave Dejewski

Posted by Contributor
On August 9, 2024
Cutting Edge Products

Dejewski, who joined Bliffert Lumber in 2022 as Controller, brings 15 years of financial experience to his new role. As CFO, he will be responsible for shaping and managing the company’s financial operations and leading a financial team to support Bliffert’s continued success.

Ace Hardware and Ace Handyman Services Named Two of 2024’s Best of the Best Franchises

Posted by Contributor
On July 30, 2024
Cutting Edge Products

Ace Hardware, the world’s largest retailer-owned hardware cooperative, has been awarded the prestigious 'Best of the Best' title in the July/August issue of Entrepreneur magazine and on Entrepreneur.com. Ace Handyman Services has also been named a ‘Best of the Best’ opportunity in the home repairs and handyman services category.

Ace Hardware Celebrates 100 Years with 100 New Stores Opened So Far This Year, Including Its 5,000th Domestic Location

Posted by Contributor
On July 24, 2024
Cutting Edge Products

Ace Hardware, the largest retailer-owned hardware cooperative in the world, is proud to celebrate 100 years in 2024, a milestone achievement underscored by its 100th new store opening for the calendar year, which also includes its 5,000th domestic location. Overall, Ace plans to open more than 200 new stores by the end of the year.

HHC Supply Celebrated Grand Reopening of Newly Expanded Warehouse with Community Event

Posted by Contributor
On July 23, 2024
Cutting Edge Products

President Gary Sanchez expressed enthusiasm about the expansion, noting its positive impact on service offerings and customer satisfaction: “This expansion marks a significant milestone for HHC Supply and the Albuquerque community. Our new facility allows us to offer a broader range of products and services, ensuring we meet the evolving needs of our customers. We're proud to continue our legacy of exceptional service and support local economic growth through this expansion.”

DO IT BEST ANNOUNCES RANDY RUSK AS EXECUTIVE DIRECTOR OF THE DO IT BEST FOUNDATION

Posted by Contributor
On July 22, 2024
Cutting Edge Products

Do it Best announced the appointment of Randy Rusk as the new Executive Director of the Do it Best Foundation, effective immediately. In this newly created role, Rusk will focus on expanding the Foundation’s impact and presence in the communities it serves.

Anslum Hudlin Named 2023 Ryder Driver of the Year

Posted by Contributor
On July 11, 2024
Cutting Edge Products

Anslum Hudlin of Waco, Texas has been named Driver of the Year for the Ryder Dedicated Transportation Solutions business unit of Ryder System, Inc., a leader in supply chain, dedicated transportation, and fleet management solutions. Hudlin drives for Do it Best through Ryder.

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