Hardware Retailing

NOV 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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November 2018 | HARDWARE RETAILING 69 Amazon Becomes Second Company Valued at $1 Trillion Amazon's value recently reached a new height, with increased stock prices making the retailer a $1 trillion company. The e-commerce giant is the second American company to achieve a $1 trillion value. TheRedT.com/amazon-value HDW Fall Market Attendance Up 30 Percent Hardware Distribution Warehouses (HDW) Fall Market attracted increased attendance of 30 percent compared to its previous market. CEO and president Kenneth R. Beauvais says registration and attendance this year were the second highest in the company's history. TheRedT.com/hdw-market Big Boxes Offer Competitive Holiday Perks Big-box stores are looking for new ways to compete for tens of thousands of seasonal workers. For example, temporary workers at Target locations will receive starting pay of $12 per hour and will also be eligible for $500 gift card prize drawings. TheRedT.com/holiday-perks Blish-Mize Fall Market Sizzles The Blish-Mize buying market, which was held Sept. 20-22 in Overland Park, Kansas, included the Most Valuable Profits Event, which was a chance for customers to see the show floor ahead of time. TheRedT.com/blish-mize-2018 Home Depot Expands Same-Day Delivery Home Depot is offering same-day and next-day local delivery of more than 20,000 of its most popular products to 35 major cities across the U.S. The initiative is part of Home Depot's $1.2 billion supply chain upgrade, which includes the addition of 170 distribution centers. TheRedT.com/hd-delivery True Value Hosts Fall Reunion For the first time in the company's history, the True Value Fall Reunion was open to all independent home improvement retailers across the industry, regardless of wholesaler affiliation. TheRedT.com/tv-reunion Do it Best Names New Paint Merchandise Manager Do it Best Corp. annonunced Jenna Myers as the co-op's new paint merchandise manager. She will create and develop the company's paint merchandising programs and initiatives with leading suppliers. TheRedT.com/dib-paint CANADA Home Hardware Names New CEO Home Hardware Stores Ltd. named Kevin Macnab, the former president of Toys R Us Canada and Toys R Us International, as president and CEO. Macnab has more than 30 years of retail industry experience. Lowe's Canada Buying Show Launches Craftsman Brand Lowe's Canada hosted this year's RONA and Ace Canada buying show in Montreal. Highlights included the launch of the Craftsman brand. Home Hardware's Fall Market Brings Changes At the Home Hardware Fall Market in St. Jacobs, Ontario, the layout was altered to emphasize the range of services the company offers retailers. Emerging categories were highlighted as well. For the full version of these news briefs, visit hardlines.ca/hardwareretailing.

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