Hardware Retailing

MAY 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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HARDWARE RETAILING | May 2017 210 CNRG Buying 7 Washington Hardware Stores Central Network Retail Group (CNRG), a multiformat, multibrand retailer with stores in 11 states, is buying McLendon Hardware of Washington state. TheRedT.com/mclendon-sells How HGTV Star Nicole Curtis Depends on Independents HGTV star Nicole Curtis was at the recent Ace Hardware Spring 2017 Convention & Exhibits and took time to tell Hardware Retailing about the independent retailers she relies on. TheRedT.com/nicole-curtis Sherwin-Williams' Purchase of Valspar Likely to be Delayed The Sherwin-Williams Co. announced that its deal to buy The Valspar Corp. likely won't close as soon as planned. TheRedT.com/sherwin-valspar-delay If Sears Goes Bankrupt, Will Stanley Lose Craftsman? Sears Holdings Corp. acknowledged "substantial doubt" in its ability to stay out of bankruptcy, which may jeopardize recent sales of its businesses, including the Craftsman tool brand. TheRedT.com/stanley-lose-craftsman Ace Hardware CEO: In a Retail War, 'Differentiate or You Die' When Ace Hardware's top executive stepped on stage at the start of the co-op's spring buying show, he had fierce words for fighting competitors: find weakness and "attack it relentlessly." TheRedT.com/ace-retail-war Lowe's Virtual Reality Tool Teaches DIY Projects Lowe's recently launched a virtual reality tool that provides customers with hands-on training experience for DIY projects. The new tool, which Lowe's calls the Holoroom How To, trains users how to install tile through a virtual reality program. TheRedT.com/lowes-vr True Value Releases 2016 Year-End Results True Value Company recently released its year-end results for fiscal 2016, which included increases in gross billings, comparable store sales and net margin. TheRedT.com/true-value-2016 Stanley Finalizes Purchase of Craftsman Brand From Sears Stanley Black & Decker announced that it completed its purchase of the Craftsman brand from Sears Holdings Corp. for approximately $900 million. TheRedT.com/craftsman-sale Ex-Lowe's Exec Sues, Claims Racial Discrimination A former Lowe's executive—who had been a potential successor for the company's current CEO—is alleging he lost his job due to racism. TheRedT.com/lowes-lawsuit Home Depot to Pay Another $25M in Data Breach Settlement Home Depot is adding a $25 million settlement with banks and credit card companies to its rising data breach costs, which are nearing $200 million total. TheRedT.com/home-depot-breach J.C. Penney Sees More Opportunities in Home Improvement J.C. Penney has started selling products such as bathtubs and power tools online and is expanding its services in some markets by offering basic bathroom remodels. TheRedT.com/jcpenney-home- improvement Newsmakers American Made & Profitable For Over 80 Years With a variety of clearly marked s pring assortments, Ajax offers your customers ease of selection for their specific needs. Each assortment comes in their own unique case. Our storage cabinets and kits, provide assortments of Steel Lock, Brass Lock, Music Wire, Stainless Steel, Extension, Compression and more, each making dispensing efficient and economical. Ask for our Product Catalog which provides product descriptions and size specifications. Toll Free: 855-966-AJAX (2529) www.ajaxwire.com ajaxwire@aol.com 119 Bloomingdale Road, Hicksville, NY 11801

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