Hardware Stores

The True Value Company family has expanded with the addition of Pittsburgh-based Busy Beaver Home Improvement Centers.

Mooresville, N.C. – Lowe’s Companies Inc. is making a big purchase that will enable it to build a big store on one of Hawaii’s biggest islands.

The retailer is purchasing an 11-acre property in Kahului, Hawaii for $18.7 million from A&B Properties Inc., a subsidiary of Alexander & Baldwin.

Lowe’s plans to build a 167,000-sq.-ft. store on the site, located on the island of Maui. The new store will be 16% larger than Lowe’s current store in Kahului, which it leases from a third party.

Sears Hometown and Outlet Stores raised more than $217,000 for Make-A-Wish this past spring, when it held a two-week charitable program.

The newest addition to the True Value Company cooperative is a 60-year-old hardware chain based in South Florida.

Atlanta -- The Home Depot announced it has completed its $1.625 billion acquisition of Interline Brands.

The home improvement giant has previously announced agreement to acquire Interline, a national distributor and direct marketer of broad-line maintenance, repair and operations products, on July 22, 2015.

Hoffman Estates, Ill. - Lynn Pendergrass has joined Sears Holdings Corp. in the new role of president, hardlines.

In this position, she will be responsible for working across the Kenmore, Craftsman & DieHard business unit and its hardlines partners, including home appliances, lawn & garden, tools, and Sears Auto Centers, to develop compelling offers and build customer relationships.

Pendergrass comes to Sears Holdings from Johnson & Johnson, where she served as worldwide chairman, consumer.

On the heels of an impressive financial report from rival True Value, Ace Hardware is reporting even better sales in its second quarter.

For the quarter ended July 4, Ace Hardware Corp. had record revenue of $1.4 billion in the second quarter, an increase of 6.5% from last year. Ace’s retail same-store-sales reported by approximately 3,000 Ace retailers who share daily retail sales data increased 6.5% and Ace Retail Holdings LLC rose 4.7% due to an increase in customer count and average transaction size.

Oak Brook, Ill. – Increased retail operating expenses, primarily related to store acquisitions and advertising, helped reduce profit at Ace Hardware Corp. during the second quarter of fiscal 2015. Net income totaled $57.5 million, a 13% drop from $66.5 million the same quarter a year earlier.

Consolidated revenues fared better, rising 6% to $86.2 billion from $84.8 billion.