Content about Cleveland

August 25, 2014

McCoy’s Building Supply opened a new store in Dayton, Texas, marking the family-owned company’s 86th location.

The yard is near McCoy’s Baytown and Cleveland locations.

“Our delivery trucks nearby were making deliveries to Dayton every day,” explained McCoy’s real estate manager Phil Hutchinson. “Since we’ve already been serving its residents, we are excited to officially become part of Dayton’s community.”

May 28, 2014

East Cleveland, Ohio-based GE Lighting says it has introduced its most incandescent-like consumer LED portfolio yet, including more than 40 new LED products and fixtures.

The company also says it is helping the homeowner fill every socket in the house with the appropriate, low-energy bulb.

May 23, 2014

A neighborhood fixture is shutting its doors in Cleveland, but not before donating its entire inventory to the Greater Cleveland Habitat for Humanity.

Rudy Rosales, the 74-year-old owner of Rudy's Hardware in Cleveland's Slavic Village, is making sure his retirement isn't wasted on the community at large.

February 27, 2014

Carter Lumber, the 144-unit pro dealer based in Kent, Ohio, is bringing the employees and operations of its Medina, Ohio, location into its Carter-Jones Lumber location in Akron,

The company says the Medina facility is closing and consolidating in Akron because it outgrew the confines of its 4-acre location. The Akron facility measures 17 acres, and it will be rebranded as Carter Lumber. 

October 11, 2013

A report from Cleveland Research points to significant management turnover at Sears, which has been linked to frustrations over inventory reduction aimed at improving cash flow.

The activity is nothing new for the struggling retailer, whose sales have dropped every year since 2007. Turnover has been a continued theme, with former CEO Louis D'Ambrosio exiting the scene in February and chairman Edward Lampert, who had no experience in retail, taking his place.

July 18, 2013

A 3-2 vote by the Federal Competition Commission of Mexico put a hold on Sherwin-Williams' acquisition of Consorcio Comex.

The Mexican regulatory body said the acquisition announced Nov. 12 was not authorized by the commission.

In a statement released Thursday morning, Cleveland-based Sherwin-Williams said: “The company is reviewing the rationale for the commission’s decision and expects to respond to the commission’s concerns in the near future.” 

July 18, 2013

Higher paint sales volume from the Paint Stores Group boosted Sherwin-Williams Co.'s second-quarter performance.

Cleveland-based Sherwin-Williams Thursday morning reported net sales of $2.71 billion for the quarter ended June 30. That's up 5.5% from the same quarter last year. Net sales in the Paint Stores Group increased 8.0% to $1.61 billion.

The company's total net income for the quarter was $257.3 million, up 12.9% from the second quarter of 2013.

June 19, 2013

No matter how you slice them, the numbers of the HCN Top 300 Industry Scoreboard reflect the rising housing market, increased spending on the home and an easy comparison with the previous year's performance.

Of the leading 300 home channel retailers, 277 show positive sales in the most recently completed finished fiscal year, and 12 show declines. Eleven others are listed as flat.

March 15, 2013

The Home Improvement Research Institute added a new member: Cleveland-based plumbing products leader Oatey Co.

The Home Improvement Research Institute (HIRI) added a new member: Cleveland-based plumbing products leader Oatey Co. 

HIRI is a membership based, independent, not-for-profit organization of manufacturers, retailers, wholesalers and allied organizations in the home improvement industry. HIRI ended 2012 with 77 members.

March 6, 2013

Cleveland-based Sherwin-Williams was recognized as a leader in ethical business practices.

The Sherwin-Williams Co. has been recognized for demonstrated leadership in ethical business practices by the Ethisphere Institute, an organization dedicated to the creation, advancement and sharing of best practices in business ethics. 

February 21, 2013

Cleveland-based Sherwin-Williams Co. announced an agreement with the U.S. Department of Labor to settle a previously disclosed investigation of transactions related to its employee stock ownership plan.

Cleveland-based Sherwin-Williams Co. announced an agreement with the U.S. Department of Labor to settle a previously disclosed investigation of transactions related to its employee stock ownership plan. 

The agreement calls for an $80 million payment to the plan, which will result in an after-tax charge to earnings of $49.2 million. 

February 11, 2013

Accuracy of background-check-report information and greater scrutiny of the screening industry are the No. 1 trend for 2013, said attorney and background-check expert Lester Rosen.

The background-screening industry is facing greater scrutiny over the accuracy of its reports, according to industry experts. In 2012 some job seekers claimed that inaccurate criminal background checks prevented them from finding employment.

Accuracy of background-check-report information and greater scrutiny of the screening industry are the No. 1 trend for 2013, said attorney and background-check expert Lester Rosen.

February 6, 2013

Eight vendors of the paint giant were recognized for product innovation, performance, service and sales.

Cleveland-based Sherwin-Williams recognized its top product partners at the company’s annual Vendor of the Year Awards ceremony, held at the Paint Stores Group 2013 National Sales Meeting in Nashville, Tenn.

“The performance of these vendors was nothing short of outstanding,” said Pete Sedlak, VP marketing and purchasing, Sherwin-Williams. “We are proud to recognize these suppliers for their industry-leading innovations, sales growth and incredible support for our company and customers.”

January 31, 2013

Brisk business in the company's Paint Stores Group pushed sales up 7.3% in the company's fourth quarter

Cleveland-based paint giant Sherwin-Williams described a strong performance in 2012 and posted record sales of $9.53 billion for 2012, an increase of 8.8%.

For the fourth quarter, sales increased 7.3% to $2.22 billion, primarily due to higher paint sales volume in the Paint Stores Group and selling price increases.

Net sales in the Paint Stores Group increased 13.2% to $5.41 billion in the year and increased 9.8% to $1.25 billion in the quarter. 

January 9, 2013

Glue manufacturer Elmer’s Products of Columbus, Ohio, and NineSigma of Cleveland have announced a collaboration that will focus on job creation and building competitive advantages for Ohio on a national and global level.

December 27, 2012

Sherwin-Williams says its packaging is being infringed by Wooster Brush Co. and has sued the competitor to cease and desist. 

An article in Crain’s Cleveland Business describes the lawsuit brought by Sherwin-Williams against Wooster Brush.

December 5, 2012

Cleveland-based Sherwin-Williams Paint Stores Group opened its 3,500th retail location with a new store in Rancho Santa Margarita, Calif. -- the company’s 70th new store this year.

The 4,000-sq.-ft. store is the 11th Sherwin-Williams retail location in Orange County and the 147th in California.

December 4, 2012

A growing emphasis on sustainability in packaging will help drive up demand for post-consumer recycled plastics, according to a study published by the Freedonia Group. The Cleveland-based industry market research firm estimates that U.S. demand will rise 6.5% annually. Other factors pushing gains are advancements in processing and sorting technologies; higher quality resins; and an improved collection infrastructure, which raises the plastic recycling rate.

November 12, 2012

Cleveland-based Sherwin-Williams Co. agreed to acquire Consorcio Comex, S.A. de C.V., a leader in the paint and coatings market in Mexico with headquarters in Mexico City. 

Comex sells architectural and industrial coatings in Mexico through 3,300 units operated by 750 concessionaires. Sherwin-Williams will pay approximately $2.34 billion, including assumed debt, in an all-cash transaction, the company announced Monday morning.

November 8, 2012

U.S. demand for decking is forecast to rise 2.4% annually, according to a study by the Freedonia Group, a Cleveland-based industry market research firm.

October 30, 2012

The nation’s aging water pipe network, coupled with a turnaround in building construction, will boost the annual demand for pipe by 6.3%, according to a report by the Freedonia Group, a Cleveland-based industry market research firm.

August 2, 2012

Demand for fencing in the U.S. is forecast to expand 7.1% annually through 2016, according to a report just released by The Freedonia Group, a Cleveland-based market research firm.

Demand for fencing in the U.S. is forecast to expand 7.1% annually through 2016, according to a report just released by The Freedonia Group, a Cleveland-based market research firm. Growth will be driven by an expected rebound in building construction from a depressed 2011 base.  Advances will also be supported by rising installation of high-value fences, such as ornamental metal and composite fencing.  Consumers are turning to these materials because of their favorable aesthetic and performance properties, the report said.

July 9, 2012

World demand for roofing materials is forecast to grow 3.8% annually through 2016, a substantial acceleration from the lethargic performance of the market during the 2006 to 2011 period, according to a study released by The Freedonia Group, a Cleveland-based industry market research firm.

July 5, 2012

An Ohio hardware store was the destination of a cash mob on June 20 when nearly 60 people descended on Solon Valley Hardware, according to an article in the Cleveland Plain Dealer.

It was the first event of the “Shop Solon First” campaign organized by the local Chamber of Commerce. Open since 1957, Solon Valley has been a chamber member since 1974.

May 11, 2012

When it comes to designing and communicating employee benefit programs, employee input and involvement can be a boon. After all, one of the best ways to gain buy-in for and to communicate employee benefit programs is to use peer-to-peer interaction. If a group of employees supports these programs and makes it a point to tell other employees, organizations can build buy-in for programs and changes more readily.