Hardware Retailing

OCT 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 | October 2017 108 Newsmakers Home Depot to Pay $5.7M for Recalled Products The Home Depot will pay $5.7 million to the U.S. government as a settlement for selling recalled products. TheRedT.com/hd-recall Amazon Plans Online Home Makeover Show Amazon is launching "Overhaul," an online series that tracks the progress of YouTube video creators as they remodel their homes. TheRedT.com/amazon-show Retailers Converge on Boston for Orgill Fall Dealer Market For three days, retailers packed Orgill's Fall Dealer Market looking for bargain buys and the latest products, programs and services that would prepare them for the next selling season. TheRedT.com/orgill-fall-2017 New Homesense Chain Is 'Reminiscent of a Home Depot or Lowe's' The company that owns T.J. Maxx and HomeGoods has introduced a new big-box chain that CNBC says is "reminiscent of a Home Depot or Lowe's." TheRedT.com/homesense Home Depot Converts 50 Store Rooftops Into Mini Solar Farms Home Depot will participate in power purchase agreements to install solar panels on store rooftops. TheRedT.com/hd-solar-farm Lowe's to Increase Workers' Hours to Keep Q2 Momentum Lowe's announced that it will increase "customer-facing hours" to continue its upward trend in comparable store sales. TheRedT.com/lowes-worker-hours Ace Hardware CEO: 'It's Either Forward or It's Lights Out' The Ace Hardware 2017 Fall Convention began with both warnings and encouragement from the co-op's top executives. Ace leaders spoke to retailers at the buying show's general session, which started off the Aug. 17-19 convention in Chicago. TheRedT.com/ace-fall-2017 Lowe's Canada Launches New Solar Energy Partnership Lowe's Canada, Solar Brokers Canada and its affiliate Green Lion Eco Group have announced the formation of Lowe's Solar, a new partnership that aims to provide customers with solar energy education and installation services throughout Ontario, Canada. TheRedT.com/lowes-canada-solar Ace Hardware Reports Revenue Growth in Q2 Ace Hardware Corp. reported an increase in revenue over the previous year for the second quarter of 2017, marking revenue of $1.5 billion. TheRedT.com/ace-q2-2017 Home Depot Reports Historic Quarterly Sales The Home Depot reported quarterly sales of $28.1 billion for the second quarter, which is a 6.2 percent increase over the same period last year. TheRedT.com/hd-q2-2017 Problem: Finding Employees With Specialized Skills Finding qualified employees is a top concern for independent business owners, according to the latest jobs report from the National Federation of Independent Business. TheRedT.com/nfib-skills Walmart Launches Instant Reordering Program Walmart has unveiled a new program that allows customers to reorder items they've previously bought in store and online. TheRedT.com/walmart-reorder American Made & Profitable For Over 80 Years With a variety of clearly marked spring 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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