Hardware Retailing

JAN 2019

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://www.hardwareretailingarchive.com/i/1065332

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Page 81 of 86

January 2019 | HARDWARE RETAILING 77 True Value and Carter Lumber Announce Partnership True Value and Carter Lumber's new partnership will enable Carter Lumber to access True Value's suite of products, support services and industry knowledge. Based in Kent, Ohio, Carter Lumber operates 146 lumber and building materials locations in 12 states. Executives from Carter Lumber say True Value's focus on independent operations resonated with its leadership team. RONA to Trim Store Count, Exit Newfoundland Lowe's Canada intends to close a total of 27 underperforming stores across the country. It will close its regional support center in Mississauga, Ontario, another regional support center in St. John's, its truss plant and a block plant in Kamloops, British Columbia. RONA's four corporate stores in Newfoundland and Labrador will be part of the closings. Lowe's Ends Two Smart Home Partnerships Lowe's has decided to end its separate initiatives with Alacrity Renovation Services and Iris Smart Home, the company announced in its third-quarter financial report. The company described both endeavors as "non-core activities within its U.S. home improvement business," and said the decision came after its management team had "substantially completed its strategic reassessment of the business and identified actions to drive focus on … improving profitability." The decision is meant to allow Lowe's to focus on improving central operations. Canac Takes First Step to Expansion Outside Quebec With Ontario Store Hawkesbury, Ontario, will be the site of the first Ontario store for independent retailer Canac, and the chain's first outside of Quebec. Jean Laberge, president of Canac, has confirmed the land has been purchased, but says development is not likely to begin until late 2019 or 2020. Breaking Down Black Friday and Cyber Monday The shopping period after Thanksgiving was busier than ever, according to the National Retail Federation NRF). The organization, which measures trends across all retail sectors, including hardware and home improvement, says nearly 165 million shoppers purchased products in-store or online between Thanksgiving Day, Black Friday and Cyber Monday. NRF's data reveals more than 89 million people shopped both online and in stores, up 40 percent over 2017. The average Thanksgiving shopper spent about $313 on gifts and other holiday items during the five-day period. Older millennials and Generation X spent the most, averaging $413. For the full story on these briefs, head over to TheRedT.com/0119-news. To read the Canadian briefs, visit hardlines.ca/hardwareretailing. For the latest independent home improvement news, interviews, trends and videos, visit hardwareretailing.com. UNITED STATES CANADA Dependable Products for Over a Century …Our commitment to helping you increase profits! ©2010 D-L Brake Winches Contact us today for y our 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.

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