Hardware Retailing

MAY 2018

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: https://hardwareretailing.epubxp.com/i/971427

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Page 233 of 248

May 2018 | HARDWARE RETAILING 221 Ace Hardware CEO Focuses on 'Rational Optimism' The Ace Hardware Spring 2018 Convention & Exhibits brought together independent retailers, vendors and Ace corporate personnel in an environment designed for easy product ordering and sharing information. TheRedT.com/ace-spring-2018 Lowe's CEO Niblock Announces His Retirement A big change is coming to the Lowe's Cos. leadership team— longtime chairman, president and CEO Robert A. Niblock has announced plans to retire. The board of directors has begun the search for his successor, and Niblock will remain in his role with the company until the new leader is named. TheRedT.com/lowes-ceo-retires House-Hasson Names New VPs House-Hasson Hardware, America's largest independent regional hardware distributor, has named John Sullivan as vice president of retail development and Taylor Hasson as the company's vice president of marketing. TheRedT.com/house-hasson-vps Enthusiasm Jump-Starts Blish-Mize Buying Market Spring break means the beginning of the warm season, a reason to get excited for better weather. Blish-Mize tapped into that enthusiasm to present its retailers with plenty of great prices and fun during its Spring Buying Market, held in Overland Park, Kansas. TheRedT.com/blish-mize-market The Potential Impact of Steel Tariffs In March, the U.S. initiated tariffs on steel and aluminum imports, with initial exceptions made for imports from Canada and Mexico. The Trump administration imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports. TheRedT.com/steel-tariffs Sherwin-Williams, Lowe's Announce Partnership Lowe's is becoming "the only nationwide home center to offer top-selling stain brands" from Sherwin-Williams, including Minwax, Cabot and Thompson's WaterSeal, according to Lowe's. TheRedT.com/sherwin-williams-lowes Sears Continues to See Dropping Sales and Revenue Sears Holdings' year-end financial results for 2017 reflect falling sales and revenue, continuing a pattern of dipping numbers for the retailer. Revenue for the company was $16.7 billion for the year, down from $22.1 billion in 2016, according to the retailer's annual report. TheRedT.com/sears-2017 Amazon Buys Smart Home Company Ring for $1B In an attempt to get deeper into the growing smart home market, Amazon has been digging into its pockets to invest in and acquire several companies, including smart home manufacturer Ring. TheRedT.com/amazon-ring Big Boxes Aim to Close Skilled Labor Gap Home Depot is investing $50 million to train 20,000 skilled laborers by 2028. Lowe's is giving employees up to $2,500 to pursue specialized skills education. TheRedT.com/labor-gap Independent Retailers Find High-End Housewares in Chicago Visitors to Chicago's 2018 International Home + Housewares Show found products designed to steam, saute, clean, store and simply impress. The show featured a wide selection of innovative products from the kitchen and housewares categories. TheRedT.com/housewares-chicago CANADA BMR Grows Agrizone Farm Store Banner, Supports Unimat Groupe BMR has grown its Agrizone farm concept and supports its farm and hardware dealers. Agrizone, started out primarily as a store-within-a-store concept, but now has 10 stand-alone stores, says Pascal Houle, president of Groupe BMR. RONA Rolls Out Parcel Delivery for Online Purchases RONA now offers parcel shipments, allowing customers to shop online and have their orders delivered almost anywhere in the country in one or two days. This new service complements the in-store pickup and truck delivery services introduced in 2017. TIMBER MART President's Product Scarcity Concerns During the recent TIMBER MART buying show in Montreal, group president Bernie Owens spoke on the importance of maintaining product availability for customers. He says the potential for shortages during the start of the spring season could be one of the major issues facing dealers this year. Ace Canada's VP Bill Morrisson Details Urban Plans Urban retailers face many challenges as they manage their operations. According to Ace Canada's vice president Bill Morrison, the company is prepared to open stores in major urban markets. He says new investors "are excited about the urban potential." For the full story of these briefs, visit hardlines.ca/hardwareretailing.

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