Hardware Retailing

FEB 2019

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 | February 2019 90 Sears Chairman's Hedge Fund Wins Bankruptcy Auction ESL Investments, the hedge fund managed by Sears chairman Edward Lampert, has prevailed in a bankruptcy auction to save Sears from liquidation. The bid is valued at more than $5.2 billion and is more than $150 million higher than a previous bid from Lampert. If the bid is approved by bankruptcy judges, the proposal would save approximately 45,000 employee jobs and keep 425 locations open across the U.S. Hardware Distribution Warehouses Inc. to Close Distribution Facilities On Jan. 4, Hardware Distribution Warehouses Inc. (HDW) announced the closure of both its warehouses. The company operated warehouses in Marshall, Texas, and Greenwood, Mississippi. HDW serves more than 2,000 retailers across the southern U.S. Jimmy Horne, vice president of corporate communications at HDW, says all retailers were informed of the warehouse closures on Dec. 17. He says the company is now in the process of liquidating all assets. Lowe's, Home Depot's Differences Began Early Home Depot is about 30 years younger than Lowe's, but is now by far the home improvement industry leader in overall sales. In a Business Insider article, managing director of equity research at Wedbush Securities Seth Basham outlines key differences between the two big-box home improvement rivals. Home Depot earns more store sales than Lowe's, but Lowe's lower sales and operational inefficiencies are in some part "a function of how the company grew up," Basham says. Home Depot's total sales were $100.9 billion in fiscal 2017 and Lowe's total sales were $68.6 billion in fiscal 2017, according to company annual reports. UNITED STATES Newsmakers Ace Hardware ............................................................. 17 www.acehardware.com; 630-990-6900 Ajax Wire Specialty Co. .............................................. 31 www.ajaxwire.com; 855-966-2529 Allway Tools ........................................................ 35, BC www.allwaytools.com; 718-792-3636 Ancra Cargo .......................................................... 19, 69 www.ancracargo.com; 800-626-8353 Bengal ......................................................................... 36 www.bengal.com; 225-753-1313 Better Ultimate Adhesive ........................................... 37 www.betterglue.com Brave .......................................................................... 49 www.braveproducts.com/hrm; 866-281-4421 Coles Wild Bird ........................................................... 47 www.coleswildbird.com; 877-426-8882 Do it Best Corp. ............................................................ 5 www.independentsdoitbest.com; 888-364-8237 Dosko ......................................................................... 65 www.dosko.com/hrm; 866-418-0474 Dunn Mfg. .................................................................. 52 www.dunnmfg.com; 800-868-7111 ECI Software Solutions ......................................... 12-13 www.ecisolutions.com; 800-588-5128 Franmar ...................................................................... 50 www.franmar.com; 800-538-5069 Howard Products Inc. ................................................. 27 www.howardproducts.com; 800-266-9545 HSI .............................................................................. 29 www.SLD-HSI.com; 800-334-5625 Imperial Blades ........................................................... 18 www.imperialblades.com; 800-743-9844 IPG .................................................... French Door Cover www.itape.com; 888-898-7834 Iron & Oak .................................................................. 65 www.ironandoak.com/hrm; 866-281-4509 Ironclad Performance Wear Corp. .............................. 23 www.ironclad.com; 844-200-5664 Lifetime ................................................................. 20-21 www.lifetime.com; 801-882-1326 Lighthouse for the Blind ............................................. 48 www.rapidfix.com; 800-542-3697 Lumax ......................................................................... 28 www.lumax.com; 844-660-6876 MARS .................................................................. 11, 75 www.coastair-ac.com Maxim ......................................................................... 49 www.maximmfg.com/hrm; 888-376-0849 Midwest Fastener ................................................. 32-33 www.fastenerconnection.com; 800-444-7313 Mi-T-M Corporation .................................................... 52 www.mitm.com; 800-553-9053 Mr. Longarm ............................................................... 48 www.mrlongarm.com; 800-821-3508 NRHA All-Industry Conference .................................. IFC www.nrhaconference.com NRHA Young Retailer of the Year ............................. 38 www.nrha.org/yroty Orgill Inc. ....................................................... 54, 94-IBC www.orgill.com; 800-347-2860 Phifer ......................................................................... 7 www.phifer.com; 800-841-9473 PRO Hardware .................................................... 70-71 www.prohardware.com; 303-792-3000 ProBarrow ................................................................ 65 www.gnedi.com/hrmpb; 866-425-3442 Radia .......................................................................... 9 www.radiaproducts.com; 800-221-1083 Red Lion Products ..................................................... 3 www.redlionproducts.com; 844-250-4981 Rust Patrol ................................................................. 1 www.rustpatrol.com; 713-244-8755 Scepter ....................................................................... 51 www.scepter.com; 855-857-3252 Sika Corporation ......................................................... 91 usa.sika.com; 800-933-SIKA Southwire ................................................................... 57 www.moonrays.com; 888-770-5155 SureCan USA .............................................................. 68 www.surecanUSA.com; 801-827-0500 Turfco ......................................................................... 65 www.gnedi.com/hrmtr; 866-397-8648 United States Hardware Manufacturing Inc. .............. 50 800-221-8476 Wastequip .................................................................. 53 www.toter.com; 800-424-0422 Woodland ................................................................... 26 www.pinecar.com; 573-346-5555 Wooster Brush Company ..................................... 15, 89 www.woosterbrush.com; 800-392-7246 *This index is provided for the convenience of our advertisers and readers. The Publisher assumes no liability for errors or omissions. AD INDEX

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