Hardware Retailing

DEC 2017

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

Issue link: http://hardwareretailing.epubxp.com/i/904225

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Page 40 of 70

HARDWARE RETAILING | December 2017 36 Industry Year in Review ● The National Labor Relations Board (NLRB) addressed a potential labor law violation by Menards. The NLRB's complaint alleged the big-box home improvement retailer violated labor laws by classifying delivery drivers as independent contractors instead of employees. ● Walter Hachborn, former president and Home Hardware Stores Ltd. co-founder, died Dec. 17 at the age of 95. He helped grow Home Hardware into Canada's largest independent home improvement retailer. ● Lowe's Canada announced plans to grow the Canadian company RONA and Ace Hardware Canada. Lowe's also acquired licensing rights to the Ace brand in Canada. December (2016) ● Sears Holdings Co. announced 150 store closures to "enhance liquidity and stabilize operating performance." The company also confirmed its sale of Craftsman to Stanley Black & Decker for $900 million. ● United Hardware celebrated its 60th anniversary at its January market. ● Walmart planned to eliminate about 1,000 human resources, technology and e-commerce jobs by month's end. January ● 84 Lumber caused a stir with a politically charged advertisement featuring immigration and a wall during the Super Bowl. The ad directed viewers to the 84 Lumber website, which crashed from an overload of visitors. The full-length commercial garnered millions of views on YouTube. ● Lowe's announced another round of staffing cuts at its corporate headquarters and two support facilities, eliminating more than 500 positions. February ● Home Depot agreed to pay $25 million for damages that financial institutions faced as a result of the retailer's September 2014 data breach. ● The Sherwin-Williams Co. announced its $11.3 billion deal to buy The Valspar Corp. would be delayed until June 2017. ● Central Network Retailing Group (CNRG), bought McLendon Hardware, a company with seven stores in Washington state. ● Lowe's Canada announced plans to consolidate Ace Canada operations so the big-box retailer and cooperative would share Canadian distribution functions. Ace Canada was set to close two distribution centers and its main office in the country, planning to move into the Lowe's Canada office. March ● Ace Hardware Corp. hired Grainger executive Mark Spanswick to be president and general manager of Ace Wholesale Holdings LLC. He spent 27 years working for industrial supplier W.W. Grainger. At Ace, Spanswick leads the wholesale division, which is a compilation of the co-op's two acquisitions it made with Emery-Waterhouse Co. and Jensen Distribution Services in addition to a new distribution arm created in 2015. April

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