Hardware Retailing

MAR 2017

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

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March 2017 | HARDWARE RETAILING 97 Lowe's Reducing Its Workforce Lowe's has plans for laying off and changing job descriptions for thousands of people in its workforce, which will affect about 3,000 employees, or about 1 percent of its workforce. TheRedT.com/lowes-workforce Walmart to Cut Corporate Jobs Walmart announced 1,000 jobs in human resources, technology and e-commerce would be eliminated by the end of January, one of the retailer's largest corporate cuts. TheRedT.com/walmart-job-cuts CANADA Ace Canada Eliminates Spring Show, Offers Online Alternatives Ace Canada has cancelled its Spring Buying Show in Winnipeg this year. Instead, the hardware wholesaler, which is a division of Lowe's Canada, will offer dealers the opportunity to make their bookings online, including special promotions, pallet offers, vendor specials and extended dating for their fall and winter seasonal needs. Lowe's Introduces 2-Percent Deduction off Invoices, Causing Concern Among Vendors Lowe's Canada is looking for ways to save money and invest in the consolidation of its business following the acquisition of RONA last year. But its latest move has sent a chill through the vendor community. A letter was sent out to vendors, addressing the company's efforts to combine the Lowe's and RONA businesses and to enhance its stores to drive sales. It then goes on to ask the vendors themselves to support the costs attached to growing the Canadian business by accepting a 2-percent discount on all invoices. CITT Upholds Gypsum Tariff, Stands by Dumping Ruling Canada's international trade regulator has upheld complaints made by domestic drywall manufacturers about the dumping of U.S. gypsum in the Western provinces. The Canadian International Trade Tribunal found the dumping injurious to the domestic industry and recommended imposing final duties, putting an end to the provisional duties that have been collected to date. Castle Continues to Grow Castle Building Centres Group continues to grow its ranks, as its mandate to leave member-dealers to operate under their own banners in their own markets resonates for independents. The banner's half-dozen new stores hail from Quebec, Ontario and Nova Scotia. For the full story of each of these briefs, visit hardlines.ca/hardwareretailing. Dependable Products for Over a Century …Our commitment to helping you increase profits! ©2010 D-L Brake Winches Contact us today for your FREE catalog! Fuel Tank Filters Ag-Industrial Jacks What's more dependable than D-L ¨ products? Dutton-Lainson Company SINCE 1886 ¨ Hastings, NE 68902-0729 402-462-4141 Fax: 402-460-4612 www.dutton-lainson.com For outstanding value and performance, dependable D-L products can't be beat. We don't stop here. Dutton-Lainson Company has sales and mer- chandising programs to increase profits – including competitive pricing, attractive margins, smart packaging and more. Start your week off right with the Hardware Retailing newsletter, which is packed with the latest industry news, retailer stories and association updates. Sign up now to get the newsletter delivered to your inbox every Monday. To subscribe to the newsletter, visit hardwareretailing.com/subscribe. Make Mondays Matter Operational Tips New Products Industry News

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