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May 21, 2013

Atlanta-based The Home Depot reported first-quarter sales of $19.1 billion, up 7.4% from last year's quarter, which had one less week. 

On a like-for-like basis, comparable-store sales for the first quarter were positive 4.3%. U.S. stores comps were positive 4.8%, also on a like-for-like basis.

May 23, 2013

Oak Brook, Ill.-based Ace Hardware reported first-quarter revenues of $923.2 million, up 1.7% from the same quarter in 2012.

Net income of $4.4 million was down from $10.2 million earned in 2012.

May 23, 2013

Perspectives on promotion and pricing of U.S.-made building products

WOLF applauds “Made in the USA,” the special section HCN published in March. As a company sourcing American-made cabinets, decking and railing, WOLF gained insight from both HCN’s original survey and the experiences of other “Made in the USA” brands.

May 22, 2013

The Environmental Protection Agency’s Lead: Renovation, Repair and Painting (LRRP) Rule is the subject of a bill in the House.

Congressman Tim Murphy (R-Pa.) and 21 co-sponsors introduced a bill in the House of Representatives that was crafted to reduce the burden of the regulation. 

May 22, 2013

Research from Port Washington, N.Y.-based NPD Group shows that in the 12 months ended March 2013, sales of home beverage appliances were more than $2.6 billion.

Home beverage appliances include home soda machines, single-serve coffeemakers, drip coffeemakers, espresso makers, countertop blenders, juice extractors, citrus juicers and tea makers.

May 22, 2013

The Home Depot's top merchant had a lot more good news than bad news to share with investors regarding the retailer's first quarter performance.

"We are pleased with our performance in the first quarter with strength in our business across the breadth of the store," said Craig Menear, executive VP merchandising. The only departments with negative comp-store sales were indoor and outdoor garden -- the result of unusually cold weather in parts of the country, he said.

May 22, 2013

Saddle Brook, N.J.-based Arrow Fastener Co., manufacturer of manual and electric staples, nail guns, and glue and rivet tools, has named Roberto Izaguirre as VP sales.

May 19, 2013

Indianapolis -- A number of innovations, events and product deals helped draw thousands of member-owners to the 2013 Do it Best May Market. 

“From the strong member response at the Sneak Peek, to the solid attendance at our many seminars and training events and continuing out to the bustle on the market floor, we’ve seen a lot of enthusiasm among our members this weekend,” said Do it Best Corp. President and CEO Bob Taylor.

May 17, 2013

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 17, 2013

Nashville -- Epicor Software Corp. announced the newest version of Epicor Eagle business management software during its Insights global consumer conference here.

With high penetration in the LBM and hardware space, Epicor Eagle software empowers small to midsize retailers with the tools required to optimize their business and better manage day-to-day operations, the company said. 

May 17, 2013

Haier has named Rian Cain senior VP of sales and marketing for Home Appliances and Home Comfort. Mr. Cain comes to Haier with over 30 years of experience in the appliances industry, including 22 years with Maytag Corp.

He will report to Ma Chunyu, COO of Haier America, and will lead all product marketing, sales and branding initiatives for Home Comfort and Home Appliance products. 

May 16, 2013

BlueLinx Holdings has announced that George R. Judd will no longer serve as president and chief executive, effective May 14, 2013.

BlueLinx Holdings has announced that George R. Judd will no longer serve as president and chief executive, effective May 14, 2013. Judd will also resign as a director of BlueLinx following the 2013 Annual Meeting of Stockholders on May 16.

The board has appointed Howard S. Cohen to serve as executive chairman, while the board conducts a search for a successor to Judd. Cohen has been a director of the company since 2007 and has served as chairman of the board since 2008.

May 15, 2013

Albuquerque-based Mud Monsters Pond and Landscape Supply has been sold to Randy Kindrick, who has been managing the business for the past four years.

Terms of the deal were not disclosed.

Kindrick acquired the company from Savio Engineering and its owners Keith and Valerie Steele. According to the acquisition announcement, the Steeles have decided to solely concentrate efforts on Savio Engineering and recently expanded their business opening a second east coast location in New Jersey.

May 15, 2013

Winchester, Va.-based Trex Co., the manufacturer of wood-alternative decking and railing products, is expanding its TrexTrim line with the addition of new moulding profiles.

Winchester, Va.-based Trex Co., the manufacturer of wood-alternative decking and railing products, is expanding its TrexTrim line with the addition of new moulding profiles.   

May 15, 2013

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 14, 2013

Minneapolis paint giant Valspar reported second quarter net sales of $1.03 billion, essentially flat with the prior-year quarter.

The company, which recently signed a deal to become the key supplier of paint for Ace Hardware, reported net income of $76.9 million, up from $76.5 million in last year's second quarter.

Volume was up 7%, including the Ace deal, up 3% excluding Ace. 

May 13, 2013

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 13, 2013

Krazy Glue, an adhesive brand of Elmer's Products, is spreading the word of its versatility through a multi-media campaign called "the Krazy Big Fix." 

The campaign, promoted here at the Elmer's booth during the National Hardware Show, will include a variety of traditional and social media platforms to collect stories of how Krazy Glue fixed something. 

The campaign allows consumers to interact with the brand, and promises monthly and grand prizes to sustain engagement. 

May 13, 2013

Quality Insulation, part of the Masco Contractor Services family of companies, recently announced its expansion into the Bangor, Maine market. 

The company provides a variety of installation services to builders and homeowners including insulation, gutters, fireplaces, garage doors, shelving and storage systems and more.

May 11, 2013

Las Vegas -- Necessity is the mother of invention. 

Jon Nolle is a contractor who needed to take down a deck and fast. His solution: a two-pronged demolition bar that fits over the joist and provides the mechanical advantage to pry up the boards on decks. 

Nolle was demonstrating his invention – the Deck Demon – here at the National Hardware Show in the Las Vegas Convention Center. 

The head of the tool fits over single or double joists. And both prongs of the product 

May 9, 2013

Employers must execute many tasks when employees leave the company by choice or are terminated. One of the most important items to get right is final payments to departing employees.

Employers must execute many tasks when employees leave the company by choice or are terminated. One of the most important items to get right is final payments to departing employees.

 

Be big in small things

May 9, 2013

Here’s the list of Home Channel News Golden Hammer Awards winners in 31 home improvement categories.

Las Vegas -- The 2013 Golden Hammer Awards ceremony recognized home improvement suppliers in 31 categories during a Wednesday morning ceremony at the National Hardware Show here. 

May 8, 2013

The organizers of the National Hardware Show acquired the Expo Nacional Ferretera, an annual hardware event in Guadalajara.

Reed Exhibitions, the company that organizes the National Hardware Show, acquired Expo Nacional Ferretera, an annual event in Guadalajara, Mexico, serving the hardware, construction and electrical markets.

Expo Nacional Ferretera, described as the largest event in Mexico and Latin America, brings with it more than 1,300 exhibiting companies occupying 50,000 square meters and 80,000 buyers from 30 countries who attend the annual event in Guadalajara.

Terms of the deal were not disclosed.

May 8, 2013

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 7, 2013

3M’s new five-tape system is designed to help customers choose the right level of performance for the job.

3M is Making Masking Simple.