Content about Headlines

October 24, 2014

Stewart Mills is fed up with Washington.

Mills, the 42-year-old vice president of Mills Fleet Farm, a 34-store farm and ranch chain based in Brainerd, Minnesota, is looking to bring the common sense nurtured in a career in retail to the halls of Washington.

His big complaints concerning the current state of national politics: “the bickering, the debt, and Obamacare.”

October 23, 2014

In comparison to its performance in the same period last year, Boise Cascade Company reported double-digit sales growth and double the income in the third quarter of 2014.

The growth was expected, given improvements in housing market fundamentals, according to CEO Tom Carlile.

October 23, 2014

Los Angeles-based paint company Dunn-Edwards bolstered its How-to-Paint YouTube series with a few new videos for the slightly more advanced do-it-yourselfer. 

October 23, 2014

Tractor Supply (TSCO) went up more than 15 percentage points Thursday following the release of another stellar earnings report.

October 23, 2014

A report in Seeking Alpha Thursday revealed that Sears Holdings was planning on laying off at least 5,457 workers before the holidays, as well as closing more than 100 stores.

Sears spokesman Howard Riefs did not respond to Seeking Alpha's request for comment, though his name was on the bottom of the liquidation sale notices obtained by local media.

October 23, 2014

Simpson Manufacturing Co. reported healthy sales gains in the third quarter, buoyed mainly by growth in its North America segment.

Net sales for the company were up 7.0% to $209.3 million for the quarter, up from $195.6 million in the same period last year.

Most of this progress was seen in North America, where net sales increased 8.8% on increased sales volumes. In Europe, sales were up 2.2%.

Net sales to contractor distributors, dealer distributors, home centers and lumber dealers were all up in year-ago terms.

October 23, 2014

Fresh with acquisitions in Orlando, Houston, Dallas and Austin, and motivated by a positive long-term housing industry outlook, Dallas-based Builders FirstSource reported strong sales gains in its third fiscal quarter.

 And even without counting acquisitions, sales showed a healthy gains.

October 23, 2014

USG Corporation had several milestones to celebrate last quarter -- including record quarterly operating profit in its Ceilings division and its highest quarterly adjusted EBITDA since 2006.

October 23, 2014

The company formerly known as Tool King has made its transformation complete, as Tonzof Inc. launched a new “Super Marketplace” online.

October 23, 2014

Effective Nov. 1, Whirlpool Corporation has named Michael Todman and Marc Bitzer vice chairmen of the company, each with his own individual areas of oversight.

"Mike and Marc have the experiences in these new roles to help drive our aggressive growth strategy, integrate acquisitions, and drive product leadership and innovation in a recovering global economy," said chairman and CEO Jeff Fettig. "This structure will bring leadership focus on our strategic initiatives for growth within all of our global markets."

October 22, 2014

Building products distributor ABC Supply Co. promoted 20 branch managers from around the country to managing partner. 

This move gives these managers a more prominent leadership role within the company. 

“These 20 managers have demonstrated outstanding leadership skills and a strong commitment to their teams, customers and communities. We are delighted to recognize them,” said Keith Rozolis, ABC Supply’s president and CEO. 

October 22, 2014

Shares of Lumber Liquidators dropped 9.14% Wednesday after the retailer released its third quarter earnings, which fell below economists' expectations.

October 22, 2014

Joseph Liotine has been promoted to EVP, Whirlpool Corporation and president North America, reporting to Vice Chairman Marc Bitzer.

"Joe has proven himself a strong leader with an ability to drive profitable growth," said Bitzer. "He brings a vast array of experiences including sales and marketing, and he understands what it takes to create opportunity in each of the markets that comprise the important North America Region."

October 22, 2014

This year’s Horizon Distribution PRO Hardware Retailer of the Year, Searing Electric & Plumbing in Longview, Washington, features a team with more than 150 years of combined experince.

“If I had to choose one word to describe Searing Electric & Plumbing PRO Hardware, it would be knowledgeable,” said Mike Dawson, Horizon Distribution’s retail division manager. “Plumbing and electrical projects can be intimidating, but with the pros at Searing helping you out, they become much less daunting.”

October 22, 2014

Lumber Liquidators reported sales gains for the third quarter ended Sept. 30, though its revenues fell on the lower end of its guidance and below those of Wall Street.

The company also updated its full-year expectations for 2014: net sales are expected to fall within the range of $1.05 billion to $1.065 billion, compared to $1.05 billion to $1.10 billion. Earnings per diluted share are expected to come in at a range of $2.38 to $2.52, down from the previous guidance of $2.65 to $3.00.

October 22, 2014

Commerce City, Colorado – A new Ace Hardware store opened here in this fast-growing Denver suburb, where the closest big box is about 10 miles away.

Inside the new Ace Hardware at Reunion (named for the neighboring housing development), the 9,000 sq.-ft. store displays three key elements to the modern Ace strategy  -- the new Paint Studio, a heavily emphasis on Craftsman, and a centrally locacted, all-purpose information desk known as the “Helpful Hub.”

October 22, 2014

Mt. Prospect, Illinois-based Skilsaw Power Tools has rebranded itself with a new logo and the introduction of two new direct drive Sidewinder circular saws.

The new brand identity draws on the company's heritage as the inventor of the circular saw in 1924: the logo design features an iconic "diamond knockout" from a worm drive saw blade.

October 22, 2014

Strong organic growth was the story emanating from New Britain, Connecticut-based Stanley Black & Decker, which posted third-quarter sales and earnings growth Wednesday morning. 

The company reported net sales of $2.90 billion in the third quarter, up from $2.76 billion in the same quarter last year. Net income for the company of multiple brands and wide-ranging markets amounted to $236.7 million, compared with $166.0 million last year. 

October 22, 2014

For Tractor Supply Company, the third quarter was business as usual, which meant double-digit sales gains for the leading farm-and-ranch retail chain.

Additionally, the company is raising its fiscal 2014 outlook to the high ends of the existing ranges of $5.62 billion to $5.70 billion in net sales, as well as $2.54 to $2.62 in diluted earnings per share.

October 22, 2014

In the interest of safety, strength and accessibility, Trex Company has added ADA-compliant secondary handrails and aluminum gates to its railing product line.

"These new offerings round out our industry-leading Trex railing portfolio with products designed to help our customers cater to a broader audience," said Ronald W. Kaplan, chairman, president and CEO of Trex. "The durable and easy-to-install gates and handrails provide attractive, customizable solutions for any outdoor setting."

October 22, 2014

Lisle, Illinois-based The Vendor Center announced an alliance with Val-Test Group.

Under the partnership, Val-Test Vendors will be able to use the secure business-to-business website to allow qualified independent retailers to access a wide range of vendor information, including pricing, catalogs, educational and demonstrational videos, and even order products online with all billing processing via their Val-Test distributors.

October 21, 2014

CalStar Products' new CFO is Jack Barry, an experienced C-level executive with a wealth of experience in LEAN manufacturing principles.

“Jack’s diversity of experience, across a variety of categories and company sizes, brings key knowledge as CalStar continues its growth trajectory from startup to leading building products company,” said CalStar CEO Joel Rood. “In particular, his knowledge of LEAN principles and ability to maximize internal efficiencies will help CalStar maximize its high-volume manufacturing capabilities.”

October 21, 2014

Despite new energy-related regulations, Electrolux CEO Keith McLoughlin said North America continues to deliver healthy sales results for the Stockholm, Sweden-based company.

In its third quarter, Electrolux operating income increased almost 30% to SEK 1.4 billion ($194 million).

October 21, 2014

Existing-home sales made a comeback in September after experiencing a slight decline in August. At their highest level in 2014 so far, sales clocked in at an adjusted annual rate of 5.17 million, according to the National Association of Realtors.

As for whether rising home prices are helping or hurting the housing market -- it depends on how you look at it.

October 21, 2014

At least one industry analyst thinks that the outlook for lawn and garden involves a lot of green, upward-pointing thumbs.

GE Capital’s Commercial Distribution Finance business, which provides financing to the industry, predicts good things ahead. Even though 2014 saw its fair share of weather disruptions, dealer financing volume is up 9% year-over-year in the United States and 12% in Canada, according to company data.