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.

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.

Chicago - Lawn fertilizer, grass and weed killer, and propane grills were the top three categories driving small-scale growth at True Value Co. during the second quarter of fiscal 2015.

The company reported gross billings of $573.6 million for the quarter ended July 4, up 1% from the same period a year ago. Revenue was $431.9 million, an increase of 0.6% or $2.4 million. The cooperative posted a quarterly net margin of $9.3 million.