Industry News

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True Value Steps Up to Support Maui School Impacted by Wildfires

September 27, 2023

In a gesture of community support, True Value has announced a significant donation to the Sacred Hearts School in Lahaina, Maui, that was affected by recent wildfires. The contribution consists of products valued at a total of $200,000, spanning essential categories aimed at helping the school rebuild and recuperate.

FTC Sues Amazon for Illegally Maintaining Monopoly Power

September 27, 2023

Amazon’s ongoing pattern of illegal conduct blocks competition, allowing it to wield monopoly power to inflate prices, degrade quality, and stifle innovation for consumers and businesses

Bliffert Lumber receives 2023 Future 50 Award

September 27, 2023

Bliffert Lumber & Hardware has again been named a 2023 Future 50 company by BizTimes Media, in partnership with the Metropolitan Milwaukee Association of Commerce (MMAC).

Ace Hardware Fall 2023 Convention Focuses on Lawn RX and Keeping Promises

September 22, 2023

Ace Hardware is poised to step into 2024 with an enhanced lawn and garden program called Yard Rx. Ace CEO John Venhuizen shared the framework of the new, customizable lawn and garden program at the Fall 2023 Convention in Orlando, Florida, Sept. 19-21.

Toro and Lowe’s Announce Strategic Partnership

September 12, 2023

The Toro Co. and Lowe’s Cos. Inc. announced a strategic retail partnership through which Lowe’s will carry Toro zero-turn riding mowers, walk mowers, portable power equipment and snow blowers in both the gas and rapidly expanding battery categories.

Aubuchon Hardware Co. joins Ace Hardware

September 12, 2023

Aubuchon Hardware Co. joins Ace Hardware as part of the transition to Ace, 76 of the Aubuchon stores will be converted to Ace branded stores; 36 remaining stores will stay independent with Emery Jensen

Do it Best Shares Proven Solutions to Drive Member Growth at 2023 Fall Market

September 12, 2023

With the theme of Driving Members’ Growth, the industry-leading member-owned co-op Do it Best is sharing industry insights, proven solutions, and exclusive purchasing opportunities designed to drive member growth at their fall market, held September 8–11 at the Indianapolis Convention Center.

Do it Best 2023 Vendors of the Year

September 12, 2023

Do it Best 2023 Vendor of the Year

Ace Hardware Reports Second Quarter Results

August 23, 2023

Ace Hardware Corporation reported second quarter 2023 revenues of $2.6 billion, an increase of $99.6 million, or 3.9 percent, from the second quarter of 2022. Net income was $126.7 million for the second quarter of 2023, an increase of $1.9 million from the second quarter of 2022.