September 22, 2014

Orlando, Florida -- With Internet sales growing faster than other channels across the U.S. retail scene, Ace Hardware rolled out a new Web-embracing deal for dealers.

In essence, retailers that sign up for Ace’s In-Store Pick Up service receive 100% profit on Internet sales, up from 70%.

September 22, 2014

Black + Decker has rolled out new cordless and corded chainsaws. 

The 40V MAX and 20V MAX Lithium Ion Chainsaws from Black + Decker offer the convenience of cordless maneuverability with the needed power and performance for cutting through dry wood and live logs, the company said. 

September 22, 2014

Canton, North Carolina-based BarkClad, maker of bark siding, announced a deal with Moss Creek, a custom designer of rustic American-style homes, to be the “strategic provider of bark building materials.” 

BarkClad will offer its signature Natural Poplar Bark and new SmartBark engineered bark siding for use in MossCreek home design projects. The companies had partnered in the past on projects, and the new deal cements the relationship, the companies said. 

September 22, 2014

Fortune Brands Home & Security, Inc. completed the sale of Simonton Windows to Ply Gem Holdings, Inc., a manufacturer of exterior building products. 

Fortune Brands announced the agreement to sell Simonton Windows on August 20, 2014.

The Simonton business was sold for approximately $130 million, or roughly 10 times 2014 EBITDA. The Simonton sale is expected to reduce Fortune Brands' second half 2014 earnings per share from continuing operations by 2 to 4 cents, the copmany said.

September 22, 2014

Frattallone's Ace Hardware of Minnesota was recognized by Ace Hardware Corp. as the co-op's All-Star Retailer of the Year for its contributions to the Children's Miracle Network.

Mike Frattallone accepted the award during a presentation at the Ace Hardware General Session in Orlando, Florida. The ceremony included an appearance on stage alongside Aiden Morales, the 10-year-old ambassador of Ace's fundraising programs across the country. 

September 22, 2014

Stocks took a relatively significant hit on Friday, with several of HCN's Top 30 decreasing by 2 percentage points or more.

September 22, 2014

Total housing starts were down double digits on the latest residential-construction meter. Single-family starts were down, also, but not as much.

(Click below for a larger version)

September 22, 2014

A price index of lumber and panels used in actual construction for Sept. 19, 2014

September 22, 2014

Atlanta-based BMC hired Jeff Wedge as national director of window sales. 

According to company, the move reflects BMC’s optimism in the window business segment.

September 19, 2014

Ace Hardware is expanding its use of the services of eBay Enterprise to deliver omnichannel In-Store Pickup services to its customers, which is due to be implemented in a total of 1,000 stores nationwide.

September 19, 2014

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) pointed to a significant milestone for builder confidence, which reached its highest level since November 2005 this month.

Confidence in the market for new, single-family homes reached 59 in September, a four-point gain since August.

[The news followed shortly after the Commerce Department reported August housing starts fell sharply from the prior month.]

September 18, 2014

AMES Taping Tools is expanding its product assortment to include new options in the drywall equipment aisle, including sanding sponges, discs and pre-cut sheets.

The new products are designed for sanding drywall and painted surfaces quickly and efficiently, the company said.

The new wedge, dual-angle and straight-angle sponges come in a variety of grits and combined-grit formats for scuffing and finishing applications.

September 18, 2014

Haier is getting a little help from a friend to boost the energy efficiency of its refrigerators in China. The appliance manufacturer will be leveraging Honeywell's Solstice Liquid Blowing Agent for its low global warming potential of 1 -- 99.9% lower than the common blowing agent HFC-245fa.

September 18, 2014

Eagle Materials (EXP) continued its recent ascent (having broken then $100 mark recently), rising 2.30% to a share value of $104.00.

September 18, 2014

Sears Holdings (SHLD) continued bleeding share value on Thursday in the wake of its announcement that it was borrowing money from CEO Edward Lampert.

September 18, 2014

The Home Depot confirmed late Thursday afternoon that the malware that breached its payment systems was now erased, and that the breach is now thought to have affected as many as 56 million cards.

“We apologize to our customers for the inconvenience and anxiety this has caused, and want to reassure them that they will not be liable for fraudulent charges,” said Frank Blake, chairman and CEO. “From the time this investigation began, our guiding principle has been to put our customers first, and we will continue to do so.”

September 18, 2014

The good news is that last month's July housing starts were actually better than previously reported. The bad news is that August housing starts dropped 14.4%.

August's housing starts came in at a seasonally adjusted annual rate of 956,000, down from July's revised estimate of 1,117,000. The current reading represents an 8.0% year-over-year improvement.

September 18, 2014

Orlando, Florida – Ace’s current merchandise strategy is heavy on the paint department, but there were plenty of other categories making news in the 850,000 square feet of exhibits here at the Orange County Convention Center.

Ace Hardware General Merchandise Manager Frank Carroll, speaking during the General Session here at the 2014 Fall Ace Convention & Exhibits, described the market as “a retail wonderland” with paint leading the way.

September 18, 2014

In what is hardly the first bit of legal strife the retailer has contended with in recent months, Lumber Liquidators has a class action suit on its hands over its alleged fiscal misrepresentations.

At least two law firms have filed a securities class action lawsuit on behalf of those who purchased shares of Lumber Liquidators common stock between Nov. 25, 2013 and July 9, 2014.

September 18, 2014

The disinfectant’s formula kills 99.9% of bacteria in only five seconds.

September 18, 2014

The Retail Industry Leaders Association (RILA) came out in support of reform of the National Labor Relations Board. 

RILA VP government affairs Kelly Kolb issued a statement in support in response to Senate Minority Leader Mitch McConnell (R-KY) and Senate Committee on Health, Education, Labor, and Pensions Ranking Member Lamar Alexander (R-TN) introducing the NLRB Reform Act to the United States Senate. 

September 18, 2014

Siemens is recalling about 9,000 units of its SBGA-34 Audible Fire Alarm Base due to a reported tendency for the alarm to fail, which poses a risk of injury and property damage.

The recall affects the audible base that attaches to ceiling-mounted smoke detectors -- specifically, the Cerberus PRO models, the Desigo Fire Safety models, the H-Series and the Faraday 87XX-Series.

The base is marked with part number S54370-F13 and date codes 0113 through 2314 printed on a white label on the back of the unit. It also bears the model number "MODEL SBGA-34."

September 18, 2014

The National Association of Women in Construction installed Sandy K. Field as its 60th National President during NAWIC’s Annual Meeting and Convention in Indianapolis.

Field, Office/HR Manager for Horizon Group International, has been a member of NAWIC’s Houston, Texas Chapter since 2005.

September 17, 2014

Orlando, Florida -- Financing and technology were among the new-and-improved tools that Ace Hardware executives rolled out onto the stage of the Ace Hardware general session here Wednesday morning.

At the same session, the co-op rallied around the morning's slogan "Building Momentum," and executives had statistics to back it up.