Content about Retail

October 20, 2014

Housing starts were back on an upward trajectory in September; retail sales made year-over-year progress. Meanwhile, gas prices scraped new recent lows.

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October 15, 2014

Adjusted estimated retail sales for building material and garden equipment & supplies dealers (NAICS 444) were down 1.1% in September, totaling $27.3 billion for the month.

Total U.S. retail and food services sales, adjusted for seasonal variation and holiday and trading-day differences (but not for price changes), were down 0.3% to $442.7 billion. However, this was still 4.3% above September 2013's rate.

Retail trade sales were down 0.4% month-over-month, but up 4.0% year-over-year.

October 13, 2014

Washington, D.C.-based Logan Hardware, a member of the nine-store Ace Chain "A Few Cool Hardware Stores," has officially reopened the doors at its new location after months of construction.

Effective Oct. 9, the store was open to customers, though the store is still in the process of completing certain renovations.

October 13, 2014

Citing a recent decision to invest in the company's retail and leadership staff, Fastenal reported double-digit sales growth in the third quarter of 2014.

October 6, 2014

Grand Forks, North Dakota-based Acme Tools flexed its digital muscles with the opening of a new distribution center for its online business.

Acme Tools, described as a leading authorized online retailer of tools and equipment, announced the start of business operations at its new distribution center in Grand Forks, in support of its growing Internet sales division.

October 3, 2014

The national unemployment rate declined to 5.9%, that's the lowest it's been since July 2008.

The September unemployment rate benefited from 248,000 new jobs. At 62.7% the labor participation rate was little changed.

Professional and business services, retail, and health care enjoyed most of the job gains, with 35,000 new positions added in retail.

Construction also enjoyed a bit of a boost, gaining 16,000 jobs overall, with 6,000 of those in residential building.

October 2, 2014

The International Casual Furnishings Association recognized Baldwin Park, California-based Treasure Garden as the 2014 Manufacturer Leadership Award in the shade category.

September 30, 2014

Brentwood, Tennessee-based Tractor Supply Co. plans to open two pet-focused stores under the new “HomeTown Pet” brand.

The new pet supply retail concepts operated by Tractor Supply Company will open in mid November in Franklin and Fairview, cities within close proximity to the company’s headquarters.

September 30, 2014

Vista, California-based Eco Building Products says the company has expanded beyond the coating services business into selling finished goods. The company’s increasing level of inventory is being established to directly support special order business for The Home Depot retail locations active in the Northeast, and advanced framing lumber and panel products commonly used by Modular Home factories in and around the region, the company said.

September 24, 2014

Steadily improving economic fundamentals should moderately boost holiday sales in the stores and online this year, according to Deloitte’s annual retail holiday sales forecast.

September 23, 2014

Much has been made over the rise of the female home improvement customer, which continues to be a central fixation of hardware store remodels and even a top entry in HCN’s own “trends to watch out for” at this year’s National Hardware Show.

The name of the game is bigger, brighter aisles, easily navigable formats, appealing displays, home and garden sections – women are visual customers, the conventional wisdom seems to go, and when shopping is pleasurable, everyone wins (and buys more).

September 22, 2014

Orlando, Florida -- With Internet sales growing faster than other channels across the U.S. retail scene, Ace Hardware rolled out a new Web-embracing deal for dealers.

In essence, retailers that sign up for Ace’s In-Store Pick Up service receive 100% profit on Internet sales, up from 70%.

September 18, 2014

Orlando, Florida – Ace’s current merchandise strategy is heavy on the paint department, but there were plenty of other categories making news in the 850,000 square feet of exhibits here at the Orange County Convention Center.

Ace Hardware VP Merchandising Frank Carroll, speaking during the General Session here at the 2014 Fall Ace Convention & Exhibits, described the market as “a retail wonderland” with paint leading the way.

September 12, 2014

The latest data for the month of August shows broad-based improvement for retail sales, with particularly strong performance among building supply dealers. 

The U.S. Census Bureau announced Friday morning that advance estimates of U.S. retail and food services sales for August were up 0.6% from July and up 5.0% from August 2013. 

The total number came in at $444.4 billion.

September 8, 2014

The Vendor Center president Darrell Wabschall said the recently announced alliance with PRO Group Inc. will improve the information flow between retailers, distributors and vendors.

PRO Group vendors will be able to use the secure business-to-business website to allow qualified independent retail members 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 the appropriate PRO Group distributors.

September 4, 2014

When I look around the country, I’m struck by how similar the home improvement/LBM stores are in appearance and experience. In HBO’s "Deadwood," set in the 1870s gold rush in South Dakota, Timothy Olyphant’s character, Sheriff Seth Bullock, and his partner own a hardware store selling picks, shovels and prospecting hardware to the miners coming into town hoping to strike it rich.

September 3, 2014

Atlanta, Georgia-based Levolor is adding to its Accordia Custom Cellular Shade product offerings, which hit Lowe's shelves exclusively on Aug. 28 and are due in other nationwide home improvement retail stores Oct. 1.

The Accordia portfolio, which currently spans more than 200 styles, will be expanded further with new color and fabric swatches.

New to the crop are the Heathered and Tree Bark collections, which feature hues such as buttercream, light fog, cherry blossom, marine, amethyst and bayleaf.

September 2, 2014

The PRO Group is enlisting the services of The Vendor Center to facilitate smoother connections between retailers, vendors and distributors.

"We are thrilled to be affiliated with the PRO Group and look forward to working with all their distributor members and vendors," said The Vendor Center president Darrell Wabschall.

Using the new service, PRO Group retail members will be able to access on-demand vendor information.

August 26, 2014

Sandy Kennedy, president of the Retail Industry Leaders Association (RILA), has offered her two cents on the standoff surrounding the union negotiations at the West Coast ports.

Kennedy addressed a letter to the heads of the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU), speaking on behalf of retailers who are experiencing uncertainty and instability over the ongoing conflict.

August 21, 2014

The Home Depot announced that current CEO Frank Blake will be passing the torch to Craig Menear this fall.

Menear, who is currently serving as president U.S. retail, will take over as CEO and president as of Nov. 1, 2014. He has also been elected to the company's board of directors, effective immediately.

August 21, 2014

The Toro Company declared that it was well on its way to meeting its previously stated 2014 goals upon the release of its third-quarter earnings report Thursday.

Sales for the quarter were up 11.3% year-over-year to what Toro referred to as a "record $567.5 million," riding a wave of strong retail demand across its various segments.

Net earnings of $50.0 million were also up in comparison to last year's $40.1 million.

August 20, 2014

On Wednesday morning, it was Lowe's turn to deliver strong quarterly earnigns.

And the Mooresville, North Carolina-based retail giant did just that. The company reported net earnings of $1.04 billion for the quarter ended Aug. 1, marking a 10.4% increase over the second quarter last year. Sales for the quarter were up 5.7% to $16.6 billion, as comparable-store sales were up 4.4%.

"We were able to recover most of the outdoor product sales missed in the first quarter due to unfavorable weather conditions," said Robert Niblock, president and CEO.

August 19, 2014

Charlotte, North Carolina-based Wastequip has hired Andrew Bardsley to the newly created role of VP retail for the Toter brand, in which he will be charged with leading the team's new Retail Business Unit.

With Bardsley in place, Toter's consumer business is poised to work toward its new long-term growth initiatives, including a move that will involve shifting all of its manufacturing operations to the U.S. Bardsley will be at the helm of Toter's "Made in America" initiative.

August 15, 2014

Freight transportation provider Hub Group is the recipient of Sears Holdings’ Partners in Transformation award, the Oak Brook, Illinois-based company announced Friday.

"Hub Group has been a proud transportation provider for Sears Holdings since 1990," Hub Group chairman and CEO David P. Yeager said. "It is an honor to receive this award and it has been a pleasure to watch our relationship grow steadily from hard work and dedication on both sides."

August 14, 2014

Chicago -- Orgill's 2014 Fall Dealer Market kicked off Thursday morning here at McCormick Place with showcase categories, model stores and deep-discount "Door Busters."

The three-day event runs through Saturday.

On the show floor, four product areas are designated as showcase categories -- hand and power tools, winter and wild bird assortments, spring products and maintenance and repair.