R.P. Lumber Hosts Grand Opening for New Location In Sparta, IL

R.P. Lumber Hosts Grand Opening for New Location In Sparta, IL

  • Posted by Contributor
  • On November 5, 2023
  • Cutting Edge Products, Industry News
R.P. Lumber recently hosted a grand opening weekend at their new Sparta, Ill., location, formerly occupied by Wright Building Center. On November 3 and 4, more than 250 people attended the two-day celebration.
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Do it Best Announces Executive Leadership Transitions

Do it Best Announces Executive Leadership Transitions

  • Posted by Wanda Lenoir
  • On September 19, 2022
  • Cutting Edge Products Magazine, Industry News
Do it Best announces the retirement of one of its senior executives and the promotion of three others. Effective October 31, Executive Vice President of Operations Steve Markley will retire. Dent Johnson will serve as the Executive Vice President of Operations and Nick Talarico will serve as the Executive Vice President of Sales and Marketing. Jason Stofleth will become the Vice President of Merchandising.
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Lowe’s partnering with Sleep in Heavenly Peace and more than 10,000 volunteers for annual ‘Bunks Across America’ event

Lowe’s partnering with Sleep in Heavenly Peace and more than 10,000 volunteers for annual ‘Bunks Across America’ event

  • Posted by Contributor
  • On September 7, 2022
  • Cutting Edge Products Magazine, Industry News
Saturday, Sept. 10, Lowe's is joining Sleep in Heavenly Peace (SHP) and thousands of volunteers for the fourth annual Bunks Across America event to build and deliver quality bunk beds to children and families in need.  More than 175 local Sleep in Heavenly Peace chapters and national partners will unite with a goal of building over 7,500 beds in a single day. Lowe's associates from more than 30 stores will participate in bunk bed builds, with more than two-dozen of those stores hosting parking lot builds. The company is also contributing more than $350,000 of product to support the builds.
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Tractor Supply Kicks off Its Pet Appreciation Event to Celebrate America’s Love of Pets

Tractor Supply Kicks off Its Pet Appreciation Event to Celebrate America’s Love of Pets

  • Posted by Contributor
  • On September 7, 2022
  • Cutting Edge Products Magazine, Industry News
Tractor Supply Company, the largest rural lifestyle retailer in the United States, today announced the return of its annual Pet Appreciation Week (PAW) event, presented by Seresto, and Rescue Your Rescue contest. Highlights of Tractor Supply’s Pet Appreciation Week include the following: Seresto, the maker of flea and tick treatments for dogs, is teaming up to host the PAW event, which is set for Sept. 6-11. Stores nationwide will team up with local shelters and rescue groups to host pet adoption events on Sept. 10. Tractor Supply and Canidae will host a Rescue Your RescueContest, awarding more than $100,000 to local shelters. Tractor Supply will partner with Miranda Lambert’s MuttNation Foundation to host pet supply drives at all stores nationwide, encouraging customers to drop off or donate new pet supplies including food, toys, cleaning and grooming tools, and pet accessories at any local store. Tractor Supply will donate all the items collected to local shelters and rescues after the event concludes.
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NRF Says Growth Has Slowed But Indicators Disagree on Whether the Nation is in a Recession

NRF Says Growth Has Slowed But Indicators Disagree on Whether the Nation is in a Recession

  • Posted by Contributor
  • On September 7, 2022
  • Cutting Edge Products Magazine, Industry News
U.S. economic growth has slowed, but it still isn’t clear if the nation is in a recession, National Retail Federation Chief Economist Jack Kleinhenz said today. “As we come to the end of the summer, economic indicators are signaling an unsteady U.S. expansion in the face of several headwinds,” Kleinhenz said, noting ongoing inflation, Federal Reserve interest rate hikes, the volatile stock market and other issues. “These factors are all contributing to the debate on whether the economy is already in a recession, but key indicators disagree on whether we are there yet.” “All eyes remain on the consumer and what is happening in retail is very important,” Kleinhenz said. “While consumers have become more cautious and cooled their spending in the first half of 2022
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Ace Wraps Up Successful Fall 2022 Convention

Ace Wraps Up Successful Fall 2022 Convention

  • Posted by Wanda Lenoir
  • On August 24, 2022
  • Cutting Edge Products Magazine, Industry News
Ace Hardware held its Fall 2022 Convention in Chicago on August 16-18, allowing more than 12,000 attendees to buy, sell, and network. The 840,000 sq. ft. exhibit hall in McCormick Place highlighted products and services offered by 1,349 vendors.
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Tractor Supply Begins Construction on New Distribution Center in Maumelle, Arkansas

Tractor Supply Begins Construction on New Distribution Center in Maumelle, Arkansas

  • Posted by Contributor
  • On August 24, 2022
  • Cutting Edge Products Magazine, Industry News
Tractor Supply Company, the largest rural lifestyle retailer in the United States, today officially announced the groundbreaking of its new distribution center in Maumelle, Ark. The 1.2-million-square-foot facility represents an initial investment of $128 million and will be the tenth and largest distribution center in the Tractor Supply network. The distribution center will create nearly 500 new full-time jobs when it opens in late 2023 and service over 300 Tractor Supply stores at full capacity. The facility includes 50,000 square feet of mezzanine space devoted to the Company’s growing eCommerce business.
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Ace Hardware Reports Record Second Quarter 2022 Results

Ace Hardware Reports Record Second Quarter 2022 Results

  • Posted by Contributor
  • On August 24, 2022
  • Cutting Edge Products Magazine, Industry News
Ace Hardware Corporation today reported record second quarter 2022 revenues of $2.5 billion, an increase of $66.1 million, or 2.7 percent, from the second quarter of 2021. Net income was $124.8 million for the second quarter of 2022, an increase of $8.8 million from the second quarter of 2021.
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Build a Healthy Housewares Niche to Drive Sales

Build a Healthy Housewares Niche to Drive Sales

  • Posted by Wanda Lenoir
  • On August 24, 2022
  • Cutting Edge Products Magazine, Industry News
Retail sales revenue from those categories, compared to 2019, has continued to grow by double-digits. This growth indicates that health and wellness is an enduring pandemic trend, which could provide opportunities for consumer spending.
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