Hardware Retailing

OCT 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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October 2018 | HARDWARE RETAILING 93 Orgill Fall Dealer Market Offers Learning Opportunities It was a busy few days at the Sands Expo Convention Center in Las Vegas, as retailers from all over the world gathered for the Orgill Fall Dealer Market. TheRedT.com/orgill-fall-2018 Ace Hardware Reports Revenue and Sales Increases for Second Quarter Ace Hardware Corp. announced it achieved growth in revenues, sales and income during the second quarter. TheRedT.com/ace-q2-2018 Lowe's Reports Q2 Sales, Names New CFO Lowe's reported its second-quarter sales and earnings. The company also named a new executive and revealed its strategic plans moving forward. TheRedT.com/lowes-q2-2018 Orchard Supply Hardware to Close Nationwide Lowe's has confirmed it is closing all 99 locations of its Orchard Supply Hardware chain. The closing hardware and garden center stores are located in California, Oregon and Florida. TheRedT.com/lowes-osh-closing Ace Hardware to Work on Getting 'Faster Than Amazon' The Ace Hardware Fall 2018 Convention & Exhibits started with stories of retailers' successes and generosity— and a promise from president and CEO John Venhuizen to improve the co-op's logistics performance. TheRedT.com/ace-fall-2018 Home Depot Q2 Earnings Show Higher Sales The Home Depot announced its second-quarter 2018 financial results, citing sales increases due to a boost in DIY and contractor activity. TheRedT.com/hd-q2-2018 CANADA Home Hardware's VP of Marketing and Sales Retires Rick McNabb, the vice president of marketing and sales at Home Hardware Stores Ltd., retired from the company Sept. 12. "Rick joined Home with a mandate to review and evolve our marketing efforts into a cohesive, integrated approach, a mission that he accomplished," says company president and CEO Terry Davis. Davis announced his own retirement plans earlier this year. Orgill Fall Market Provides for Canadian Retailers Orgill's presence continues to grow in Canada, which was reflected in the many Canadian retailers who attended the fall market in Las Vegas. All the Canadian promotional areas were located on the lower level of the convention center, for easy access for Canadian retailers. Home Hardware to Invest in Supply Chain Improvements Home Hardware has announced improvements to its supply chain with the intention to move forward with an automated material handling system. The project, in partnership with Dematic and Manhattan Associates, is a part of ongoing efforts by the company to optimize its supply chain and reinforce the strength of the co-op wholesaler in distribution. The investment is intended to position the company for future growth. BMR Hosts First Summer Show Groupe BMR hosted a new show in August focused entirely on seasonal products. The creation of a separate show reflects the growing popularity of the seasonal category. For the full version of these news briefs, visit hardlines.ca/hardwareretailing. 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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