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  • March retail sales in U.K. drop more than forecast

    London -- A Thursday report by Bloomberg said that retail sales in the U.K. fell a more-than-expected 0.8% (excluding fuel) in March compared to February, impacted by unseasonably cold weather and a still-sluggish economy.

  • Ikea plugs-in Maryland’s largest rooftop solar energy system

    Perryville, Md. -- Ikea said Tuesday it has plugged-in the solar energy system installed at its distribution center in Perryville, Md.
     
    The 768,972-sq.-ft. PV array consists of a 2,674.9-kW system, built with 18,576 panels, and is the state’s largest rooftop array.

    The Ikea distribution center will produce approximately 3,397,178 kWh of clean electricity annually, the equivalent of reducing 2,397 tons of carbon dioxide, eliminating the emissions of 499 cars or powering 359 homes yearly.  
     

  • True Value CEO to retire in May

    Chicago -- True Value Hardware said Tuesday that its president and CEO Lyle Heidemann will retire from the company after eight years at the helm, effective May 31.

    The hardware cooperative has named John Hartmann to succeed Heidemann as president and CEO. Hartmann previously served as CEO of New Zealand hardware cooperative Mitre 10. He also spent nearly a decade at Home Depot and HD Supply in a variety of roles, finishing his tenure as CO of the electrical and plumbing/HVAC divisions.

  • Tiffany & Co., New York City

    Tiffany & Co.’s dazzling jewel box in downtown Manhattan’s SoHo neighborhood captures the retailer’s signature elegant feel and  heritage of craftsmanship. The interiors of the 7,000-sq.-ft. store, the jeweler's third outpost in New York City, were designed by select artisans who put their own spin on some traditional Tiffany design motifs.

  • Men who sawed arms in Home Depot in critical condition

    New York -- A man who deliberately cut his arms using saws in the aisles of a Home Depot store in suburban Los Angeles on Wednesday is in critical condition, according to media reports.

    The man, whose man has not been released, was in the store's tool section when he grabbed several handsaws and began cutting into his upper arms. Panicked customers called 911.

    The man was in surgery hours after the incident.

     

  • Bed Bath & Beyond Q4 and full-year profit rises

    Union, N.J. -- Bed Bath & Beyond Inc. reported Wednesday that net income for the quarter ended March 2 increased 14% to $373.9 million, compared with $351 million in the year-ago period. But the retailer’s guidance for the current quarter came up short.

    Sales leaped 24.5% to $3.401 billion, from $2.732 billion, and same-store sales rose 2.5%.

    For the fiscal year, net earnings rose 12% to $1.038 billion), from $989.5 million. Full-year revenue rose 14.9% to $10.915 billion, and same-store sales for fiscal 2012 increased 2.7%.

  • Leslie’s to open 48 stores this spring

    Phoenix -- Leslie’s PoolMart will mark the grand opening of five retail locations on April 12. The stores are in Gold Canyon, Ariz., Madera, Calif., Torrance, Calif., West Springfield, Mass., and Magnolia, Texas.

    In total, Leslie's plans to open 48 new stores this year between March and May. With these new stores and its recent acquisition of 24 Warehouse Pool Supply stores in the Houston area, Leslie's will bring its total store count to more than 800 stores nationwide.

  • Ace Hardware names new chief

    Oak Brook, Ill. -- Ace Hardware Corp. announced that John Venhuizen has been named president and CEO of the hardware cooperative. The appointment is part of a strategic leadership transition that was announced last fall.

    In September, Venhuizen was named president and COO of Ace Hardware, while Ace’s outgoing leader Ray Griffith maintained the title of CEO.

    Venhuizen is a 20+-year veteran of Ace Hardware, having served in a variety of capacities.

     

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