Industry News Archives - Page 31 of 46

United Hardware Names Chad Ruth as President and CEO

Posted by Contributor
On April 2, 2023
Chad Ruth, Hardware Hank, United Hardware

United Hardware Distributing Co. announced Chad Ruth will serve in the role of President and CEO

TRUE VALUE COMPANY ACQUIRES SHUR-LINE & WORDLOCK BRANDS

Posted by Contributor
On March 31, 2023
ShurLine, True Value, Wordlock

True Value Company, one of the world’s largest hardlines wholesalers, today announced it has purchased certain assets of Nova Wildcat Shur-Line Holdings, Inc., including the Shur-Line and WordLock range of products.

Do it Best provides $1 million in goods to Habitat for Humanity

Posted by Contributor
On March 30, 2023
Do it Best, Habitat for Humanity

Do it Best continues its history of support for Habitat for Humanity, coordinating the record donation of nearly $1 million in home improvement products to the West Orange Habitat for Humanity in Orlando, Florida.

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.

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