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Hardware Stores

  • Rural lifestyle chain promotes exec to finance chief

    Coinciding with its management transition plan announced last summer, Tractor Supply Co. appointed Kurt Barton to senior VP, CFO and treasurer.   Barton succeeds Anthony Crudele, who retired after serving as CFO for the past 11 years. Crudele and Barton have worked together over the last seven months to ensure a smooth transition of all responsibilities, according to the retailer.  

  • Lowe’s surges in fourth quarter

    Strengthened by strong holiday performance, a steadily recovering housing market and an increasingly omnichannel approach, Lowe¹s reported fourth quarter net sales of $15.8 billion, up 19.2% from $13.2 billion in the same quarter a year ago.   Net earnings for the quarter swelled to $663 million, up from $11 million in the fourth quarter of 2015.   Comparable sales increased 5.1% in the quarter.  

  • RCG acquires Flint center for $14.2 million

    RCG Ventures has purchased Oak Brook Square in Flint, Michigan, for $14.2 million. Anchored by TJ Maxx and Hobby Lobby, the 152,073-sq.-ft. center is located across the street from the Genesee Valley Mall in Flint’s largest trade zone.

  • Home Deport surges amid higher-than-expected sales, profit

    The Home Depot is closing in on the $100 billion mark in annual sales. 

    The Atlanta-based retailer posted a 6.4% increase in same-store sales in the United States, and 5.8% overall, for the quarter ended Jan. 29. 

    CEO Craig Menear credited merchandising mix and digital prowess for the chain’s better-than-expected fourth quarter performance, which saw sales increase to $22.2 billion in the fourth quarter, up 5.8% from 21.0 billion in the same quarter last year.

  • Canadian home improvement chain is growing its workforce

    Preparing for its busy season, Lowe’s Canada will fill 2,800 positions during the first half of 2017.  

  • Tractor Supply Company hits store milestone

    Tractor Supply Company is celebrating the opening of its 1,600th store, which opened in Brentwood, Calif.   The new store will hold its grand opening on Saturday, Feb. 4th.  

  • Century-old hardware retailer rejuvenates operations

    Besser Ace Hardware may be Arkansas's oldest hardware store, but modernized technology is making it more customer friendly.   The retailer, which was established in 1887, has served the downtown Little Rock community in its current location since the 1960’s. When the operator embarked on a complete remodel however, it was time to replace its previous point-of-sale system with robust software.  

  • Leading pool supplies retailer sold

    CVC Capital Partners has agreed to sell Leslie's Holdings to L Catterton and an affiliate of GIC.       The financial details of the transaction have not been disclosed.   Founded in 1963, Leslie's is the world's largest retailer of swimming pool supplies and related products.   
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