According to the U.S. Environmental Protection Agency and the Department of Justice, Lowe's has agreed to settle its lead paint case for $500,000 and to implement a new compliance program at all 1,700+ locations nationwide.
The settlement is a response to an EPA investigation that found that Lowe's lacked the documentation to prove it had abided by the agency's regulations when hiring contractors in nine states or using EPA-approved lead paint testing kits. The EPA was originally tipped off by comments and complaints from the public.
Representing the marketing chops of the home improvement industry, Briggs & Stratton Corporation earned high marks for its Mower Mouth social media contest at this year's Shorty Industry Awards on April 7 in New York City.
The contest earned Briggs & Stratton the spot for Best Facebook Contest, which it shared with ESPN's SportsCenter after beating a third finalist, ABC Family.
Is Tile Shop the fastest-growing specialty building product retailer in the country? Or does it just seem like it?
In the span of a month, Tile Shop locations cropped up in Tulsa, Danbury, San Antonio and Oklahoma City. And since it went public in August 2012, the Minneapolis-based retailer has been expanding aggressively. Twenty stores opened in 2013, debuting in new markets amid a beefed-up corporate infrastructure.
BlueLinx Holdings, Inc. has a new president and CEO in Mitchell Lewis, who will be leading the company effective Jan. 20.
Additionally, executive chairman Howard Cohen is stepping down, though he (and Lewis) will both serve as members of the board. Roy Haley, who has been on the board since May 2013, will take Cohen's place as non-executive chairman.
According to Bloomberg Businessweek, Samsung has some pretty formidable competition here in the U.S., including current leader Whirlpool. However, it's the fast-growing appliance brand in the country, managing to jump from 2.3% market share to 10.5% over the last five years.
The stakes are high for the nation’s independent retailers. And the competition is fierce. Stores around the country are fighting for their share of the housingmarket recovery in a highly promotional shopping environment.
Mooresville, N.C.-based Lowe's reported a solid third quarter, with sizable gains in earnings and sales.
The company's net earnings increased 26.0% to $499 million. Sales for the quarter jumped 7.3% to $13.0 billion, up from $12.1 billion in the year ago quarter. Comparable sales for the quarter increased 6.2%.
HCN congratulates the 50 hardware store, home center and farm and ranch retailers who made the annual HCN Hardware Store All-Star list.
Now in its third year, HCN's annual list of high performers recognizes hardware stores -- one from each state -- that are outstanding in their field. The complete list and analysis can be found in the September issue of HCN. Meanwhile, HCN Daily will work its way across the country with mini profiles, continuing this week with Missouri, Arkansas and Louisiana.