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REI plans fall 2014 opening in Knoxville
Seattle -- REI announced plans to open a store in Knoxville, Tenn., in fall 2014.
The 23,500-sq.-ft. store, at Papermill Plaza, will include a bike shop that provides expert assembly and repair services, and a community space to host outdoor-related classes, presentations and events.
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Sales gains in Q2 for Ace Hardware
Ace Hardware Corp. experienced sales gains in nearly every department, leading to second-quarter revenue of $1.74 billion, a 9.7% increase from $1.07 billion. Net income increased to $42.3 million, compared to net income of $14.9 million in the same quarter last year.
CEO John Venhuizen said the co-op is plaese with the results so far in 2013. "Sales increased in virtually every department with significant growth at both wholesale and retail from our Discovery Edge, Level 3 merchandising re-sets and branding inititatives," he said.