Hardware Retailing

JUN 2018

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 | June 2018 72 Newsmakers True Value 2017 Financials Show Slight Decline True Value Co. has released its final annual financial report as a cooperative. The 2017 financials revealed a decline from 2016 levels. The company ended the year with $1.49 billion in total revenue, a 0.9 percent decline from the previous year's levels. TheRedT.com/tv-2017-financials True Value Members Vote to Proceed With Sale After the company conducted 15 roundtable sessions, thousands of individual conversations and specialized communications with members, True Value shareholders have voted to approve the sale of 70 percent of the company's stock to private equity firm ACON Investments, ending its status as a co-op. TheRedT.com/tv-sale Reimagine Retail Winner Opens Restaurant In May 2017, Robert Lau became the winner of the first-ever Reimagine Retail program. He received $100,000 to fund a business improvement plan for his operation. After a year of hard work, he opened Caribou Jack's BBQ at his Soda Springs, Idaho, hardware and sporting goods store. TheRedT.com/caribou-jacks-bbq Walmart, Home Depot Invest in Technology Workers Both Walmart and Home Depot have launched separate hiring initiatives to recruit technology talent to their businesses. Walmart Labs is focusing on hiring tech workers in and around the San Francisco area while Home Depot looks to add 1,000 employees to its ranks. The RedT.com/tech-workers Ace Hardware Partners With 4 Giant Eagle Grocery Stores Ace Hardware has announced it will open hardware stores within four existing Giant Eagle grocery stores across Pennsylvania, including locations in the Irwin, Allegheny Towne Center, McIntyre Square and Shaler areas. The companies say they are on track to open the first of these stores this summer. TheRedT.com/giant-eagle CEO Says Prime Members Surpass 100M Amazon CEO Jeff Bezos recently revealed information that was once held secret. Amazon's Prime membership program, which provides members with free two-day shipping and streaming audio and video content for a fee, now has more than 100 million active members. TheRedT.com/prime-members 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. The North American Retail Hardware Association has relationships with service providers to save you money on services, including credit card processing, hiring, health insurance and more. We Make Doing Business Easier FOR MORE INFORMATION, GO TO NRHA.ORG/BUSINESS-SERVICES

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