Industry News Archives - Page 9 of 25

Ace Hardware Announces Expansion Plans For New Distribution Center Near Kansas City, Missouri

Posted by Contributor
On June 22, 2023
Ace Hardware, Kansas City, Missouri, New Distribution Center

Ace Hardware Corporation, the world’s largest retailer-owned hardware cooperative, announced plans to open a new Retail Support Center (RSC) located in Kansas City, MO. The new facility, spanning approximately 1.5 million square feet, is projected to be fully operational in 2025, and is expected to provide employment opportunities to over 350 people.

THE HOME DEPOT SETS GOAL FOR BATTERY-POWERED PRODUCTS

Posted by Contributor
On June 22, 2023
Battery Powered products, Home Depot

The Home Depot expects that by the end of fiscal year 2028, more than 85% of U.S. and Canada's sales in outdoor power equipment, specifically push lawn mowers and handheld outdoor equipment like leaf blowers and trimmers, will run on rechargeable battery technology instead of gas. This transition will reduce over 2,000,000 metric tons of greenhouse gases annually from exhaust pipes of residential lawn equipment.

Simpson Strong-Tie and KB Homes Supports Bed Build for Kids in Need

Posted by Contributor
On June 20, 2023
Build Bed for Kids, KB Homes, Simpson Strong-Tie, Sleep in Heavenly Peace, Volunteering

Sleep in Heavenly Peace® (SHP), a volunteer-driven nonprofit dedicated to building and delivering hand-made, fully furnished beds to children in need, partnered with KB Home, one of the largest and most recognized homebuilders in the United States, and Simpson Strong-Tie®, a leader in engineered structural connectors and building solutions, to give back. Together, the organizations and more than 65 of their employees worked together to build 100 beds for underserved families in Phoenix, Ariz., on Saturday, June 10.

Ace Hardware Reports First Quarter 2023 Results

Posted by Contributor
On May 25, 2023
NRF, Retail Sales

Ace Hardware Corporation reported first quarter 2023 revenues of $2.1 billion, a decrease of $127.4 million, or 5.8 percent, from the first quarter of 2022. Net income was $66.2 million for the first quarter of 2023, a decrease of $53.6 million from the first quarter of 2022.

Retail Sales Rose in April as Consumers ‘Remained Engaged’

Posted by Contributor
On May 25, 2023
NRF, Retail Sales

Retail sales bounced back in April, showing both month-over-month and year-over-year growth, the National Retail Federation said today. “Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. “Moderating price levels, continued labor market strength and wage gains have increased consumers’ ability to spend.

Ace Hardware Honors Fallen Heroes With 1 Million American Flags

Posted by Contributor
On May 22, 2023
Ace Hardware, American Veterans, One Million Flag Giveaway

In the true spirit of Memorial Day, Ace Hardware is collaborating with the Veterans of Foreign Wars of the U.S. (VFW) to honor veterans by pledging to give out 1 million American-made flags nationwide. On Saturday, May 26, consumers are encouraged to visit participating Ace stores to receive a free 8" x 12" American flag*, while a second flag is donated to a local VFW Post to be used for marking and honoring veteran graves this Memorial Day.

Home Depot Misses First Quarter 2023 Revenue Expectations

Posted by Contributor
On May 22, 2023
Home Depot

The Home Depot®, the world's largest home improvement retailer, today reported sales of $37.3 billion for the first quarter of fiscal 2023, a decrease of 4.2% from the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 decreased 4.5%, and comparable sales in the U.S. decreased 4.6%.

Ace Hardware Earns J.D. Power’s Highest Ranking For Customer Satisfaction …Again

Posted by Contributor
On May 22, 2023
Ace Hardware, Customer Satisfaction, JD Powers Award

Ace Hardware has once again earned J.D. Power’s highest ranking for customer satisfaction among home improvement retail stores. This marks the 16th time in the past 17 years that Ace Hardware sits atop the annual J.D. Power U.S. Home Improvement Retailer Satisfaction StudySM.

HILLMAN OPENS 305,000-SQUARE-FOOT DISTRIBUTION HUB IN THE KANSAS CITY REGION

Posted by Contributor
On May 4, 2023
Doug Cahill, Hillman Group, Kansas City

Hillman Solutions Corp. (Nasdaq: HLMN), a leading provider of hardware products and merchandising solutions, has opened its brand-new distribution hub in Belton, Missouri, a southern suburb of Kansas City. Relocating from Rialto, California, Hillman’s new facility is approximately 305,000 square feet and fulfilled its first shipment on Monday, April 3, 2023.

Bliffert Lumber & Hardware Merges with Chase Lumber

Posted by Contributor
On May 4, 2023
Bliffert Lumber and Hardware, Chase Lumber, Do it Best

Bliffert Lumber & Hardware has merged with Madison area Chase Lumber and its three locations in Sun Prairie, DeForest, and McFarland, Wisconsin. Chase Lumber has been serving South Central Wisconsin and the surrounding area since 1897 specializing in lumber, millwork, windows, cabinets, decking, kitchens and baths.

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