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May 17, 2013
Caesarstone signs exclusive deal with IKEA US

Menashe, Israel-based Caesarstone Sdot-Yam, manufacturer of engineered quartz surfaces, announced that it has entered into an agreement with IKEA US as the exclusive non-laminate countertop vendor. 

Caesarstone will source, finish and distribute countertop products, including mainly Caesarstone quartz surfaces as well as other materials. 

May 15, 2013
True Value Co. gross billings slip 0.9% in first quarter

Chicago-based True Value Co. reported first-quarter gross billings of $443.3 million, down 0.9% from the same quarter last year.

A nearly non-existent spring in many parts of the country hurt sales. The company also explained gross billings were affected by a decline in lumber and building material vendor direct-ship sales.

"While winter-related product sales exceeded the prior year, the general lack of spring weather this March versus last year was too much to overcome," said Lyle Heidemann, president ad CEO. 

May 13, 2013
Beacon challenged in second quarter

Peabody, Mass.-based Beacon Roofing Supply posted a second-quarter net loss of $0.2 million, compared with net income of $3.1 million in the same quarter last year.

Sales increased 5.3% to $416.3 million in the quarter.

CEO Paul Isabella described the second quarter as "challenging."

He added: "We experienced harsh weather conditions in many of our markets, and we were up against a very strong second quarter last year when our existing market sales were up 28%." 

May 8, 2013
Retailers honored at Golden Hammer Awards

Ray Griffith, Rocky’s and Builders received Golden Hammer awards at a ceremony event in Las Vegas Wednesday morning.

Ray Griffith, Rocky’s Ace Hardware and Builders were honored at the 29th Golden Hammer Awards ceremony event in Las Vegas Wednesday morning. All three acceptance speeches emphasized that the hardware business is a people business. 

Griffith, the recently retired CEO of Ace Hardware, entered the Home Channel Hall of Fame. Griffith said it was a pleasure to see some old friends in the room.

May 6, 2013
Barclays analyst drives optimism for housing