ACE HARDWARE REPORTS FIRST QUARTER 2024 RESULTS

ACE HARDWARE REPORTS FIRST QUARTER 2024 RESULTS

  • Posted by Contributor
  • On May 16, 2024
  • Cutting Edge Products
Ace Hardware Corporation reported first quarter 2024 revenues of $2.1 billion, an increase of $51.6 million, or 2.5 percent, from the first quarter of 2023. Net income was $46.9 million for the first quarter of 2024, a decrease of $19.3 million from the first quarter of 2023. This decrease was planned in anticipation of higher operating expenses and increased interest expense.
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Housewares Charity Foundation Raises $1 Million at 25th Anniversary Annual Gala

Housewares Charity Foundation Raises $1 Million at 25th Anniversary Annual Gala

  • Posted by Contributor
  • On May 16, 2024
  • Cutting Edge Products
The housewares industry came together to raise $1 million during the 2024 Housewares Cares Charity Gala presented by the Housewares Charity Foundation (HCF) on Monday, March 18. Proceeds from the event, held at the Four Seasons Chicago and celebrating its 25th anniversary, benefited the Breast Cancer Research Foundation (BCRF), HCF’s legacy charity, as well as the James Beard Foundation, Feeding America and The Jimmy Fund.
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Lugbill Supply Center in Acquisition Mode

Lugbill Supply Center in Acquisition Mode

  • Posted by Contributor
  • On May 16, 2024
  • Cutting Edge Products
Lugbill Supply Center has acquired Affiliated Lumber in Swanton as part of an aggressive growth strategy, expanding its operation to two locations in northwestern Ohio.
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Frostop® Root Beer Soda

Frostop® Root Beer Soda

  • Posted by Contributor
  • On May 16, 2024
  • Cutting Edge Products, Frostop
Our bottled Root Beer is the original award-winning Frostop recipe that infuses 22 original flavors, which we cold-brew in small batches at thirty-six degrees – the exact temperature that brings out Frostop’s rich, delicious, and creamy flavor. All our Frostop Root Beer and Creme varieties have been brewed since 1926.
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Ace Hardware Unveils Loud Mouth™ Barbeque

Ace Hardware Unveils Loud Mouth™ Barbeque

  • Posted by Contributor
  • On May 1, 2024
  • Cutting Edge Products
In a bold move sure to set taste buds ablaze, Ace Hardware today announced the launch of Loud Mouth™ Barbeque – a revolutionary lineup of BBQ sauces and seasonings crafted to ensure that every bite is so unforgettable, it needs to be shared.
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NRF Statement on Final Overtime Rule

NRF Statement on Final Overtime Rule

  • Posted by Contributor
  • On April 24, 2024
  • Cutting Edge Products, Tractor Supply
The National Retail Federation today issued the following statement from Executive Vice President of Government Relations David French after the Department of Labor’s (DOL) final overtime rule was released. Originally proposed in Sept. 2023, the rule will increase — in two steps — the minimum annual salary threshold that determines overtime pay eligibility under the Fair Labor Standards Act.
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Eric Knox Appointed as Director of LBM Sales to Drive Growth in Lumber and Building Materials

Eric Knox Appointed as Director of LBM Sales to Drive Growth in Lumber and Building Materials

  • Posted by Contributor
  • On April 24, 2024
  • Cutting Edge Products, Tractor Supply
In a strategic move to bolster its market position and drive business growth, Do it Best has announced the appointment of Eric Knox as the new Director of LBM Sales. Formerly the director of strategic business development Eric brings a proven track record and a wealth of sales experience. Eric will focus on expanding the reach and enhancing the sales strategies within the Lumber and Building Materials (LBM) division.
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Do it Best Announces Q3 Results and Continued Investment in Members’ Growth

Do it Best Announces Q3 Results and Continued Investment in Members’ Growth

  • Posted by Contributor
  • On April 18, 2024
  • Cutting Edge Products, Tractor Supply
Do it Best has reported total sales of nearly $2.3 billion, a decrease of 10% over the same period during the prior year. The decrease in sales can be attributed to an increase in interest rates, an economic slowdown, and near-record warmth across much of the country. “We’re coming off a few very high-growth years, so it’s unsurprising to see it return to a new normal,” said Do it Best President and CEO Dan Starr. “I also anticipate housing to recover this year and spur more growth in the coming years.”
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