Content about North Carolina

June 25, 2014

Mooresville, North Carolina-based Lowe’s CFO Bob Hull added color to the company’s effort to maximize its multichannel efficiencies and move away from a build-stores-and-they-will-come approach to growth.   

[Read about Lowe's first quarter earnings here.]

June 23, 2014

Raleigh, North Carolina-based Stock Building Supply has opened up a new lumber and building materials distribution facility in Troutman, which will serve the nearby Charlotte metro area.

June 13, 2014

Further cementing what is now a long-standing tradition with roots dating back to 1922, The Toro Company has renewed its commitment to Pinehurst Resort of Pinehurst, North Carolina, for an additional 10 years.

The decade-long agreement prolongs Toro's role as the preferred supplier of golf course maintenance equipment and irrigation solutions to Pinehurst.

June 9, 2014

Jacksonville, Florida-based Coastal Shower Doors the largest producer of American-made shower doors, has released its newest shower door collection—the Gridscape series.

June 9, 2014

James H. (Jim) Dudley, a veteran of 20 years in the treated lumber industry, has been named president of Fortress Wood Products, Inc., a division of The Lester Group based in Martinsville, Virginia.

Dudley joins Fortress from Culpeper Wood Preservers in Fredericksburg, Virginia, where he was vice president.

Fortress is a wood treating company producing wood for residential and commercial use from three plants in North Carolina--High Point, Henderson and Elizabeth City.

May 29, 2014

A Lowe’s spokeswoman told HCN that various blogs covering the story about a Lowe’s data breach inaccurately implied that consumers were affected. 

That’s not the case, said Karen Cobb, manager of corporate public relations for the Mooresville, North Carolina-based retail giant.

“This situation affected only documentation of employees approved to drive Lowe’s-owned vehicles and in no way contained any customer data,” she said.

May 28, 2014

Electrolux is helping out those in need in its Charlotte, North Carolina locale by way of $50,000 worth of donated appliances.

The first part of the delivery was made last Thursday to two recipients, both of whom are formerly homeless veterans who are now moving into their own apartments through a program with Builders of Hope.

May 21, 2014

Bad weather for retail dampened sales at Lowe's, but earnings surged well into the double digits for the first quarter, the company announced Wednesday morning.

Lowe's sales increased 2.4% in the first quarter, rising to $13.4 billion. Comparable-store sales increased 0.9%.

The Mooresville, North Carolina-based retail giant reported a net earnings surge of 15.6% to $624 million for the quarter ended May 2.

May 15, 2014

Raleigh, North Carolina-based Stock Building Supply opened two new structural component plants, one in the Raleigh-Durham, North Carolina, market and the other near Salt Lake City. 

In Middlesex, North Carolina, production of roof and floor trusses recently began in a 36,000-sq.-ft. location. This facility will join existing store and distribution locations in Raleigh, Apex, Johnston County and Franklin County to serve Raleigh-Durham and adjacent markets in North Carolina. 

April 29, 2014

Raleigh, N.C.-based Stock Building Supply posted double-digit sales gains in the first quarter, as the company's loss narrowed. 

Net sales were up 12.6% to $280 million, compared with $248.7 million in last year's first quarter. The company's net loss of $3.3 million compared with a net loss of $4.1 million in the same period last year. 

Stock's sales growth was heavy on repair and remodeling, which accounted for sales gains of 17.3%. Sales to single-family home builders increased 9.0%.

April 24, 2014

Mooresville, N.C.-based Lowe's has named Michael McDermott to the high-profile position of chief merchandising officer.

McDermott replaces Michael Jones, who is transitioninig into the role of COO on April 30, supervising McDermott. He will be responsible for the merchandising operations of Lowe's U.S. business, as well as all global sourcing activities. He has been with the company since 2013 as SVP general merchandising. He has over 20 years of experience in the field, with previous stints at General Electric.

April 23, 2014

New London, N.C.-based Fiberon, maker of wood-alternative decking, railing and fencing products, hired Robert Staudte as its new European market manager. Staudte will oversee marketing and sales for all European countries from his office in Gütersloh, Germany.

April 8, 2014

The following letter from Christopher Yenrick, president of Smith Phillips Building Supply in Winston-Salem, N.C., appears as an introduction to the National Lumber and Building Material Dealers Association’s 2014 National Policy Agenda.

April 3, 2014

Just days after buying an interest in a Texas sawmill operator, Universal Forest Products has made another acquisition, this one in North Carolina.

UFPI announced that one of its subsidiaries has purchased assets of High Level Components, a building component manufacturer based in Locust, N.C. The deal closed March 31.

March 24, 2014

Like most Americans, the editorial staff of HCN has been watching a lot of basketball lately. It’s all part of the national tradition known as March Madness, the 64-team single-elimination tournament designed to break your heart and bust your bracket.

March 21, 2014

New London, N.C.-based Fiberon, a manufacturer of wood-alternative decking, railing and fencing products, hired Dustin Ferriso as territory manager.

Ferriso will serve Fiberon’s distributor and dealer customers on the 118-mile-long territory of Long Island, N.Y., including the five boroughs of New York City. He will work out of an office based in Lindenhurst, N.Y.

March 18, 2014

Charlotte, N.C.-based National Gypsum named Rod Lopez as the new market development representative for the PermaBase brand cement board product line in the company’s Midwest and Central areas. 

March 18, 2014

A subsidiary of Grand Rapids, Mich.-based Universal Forest Products acquired Container Systems, a manufacturer of crates and containers for industrial applications and the moving-and-storage industry, located in Franklinton, N.C. 

CSI produces a full line of moving and storage crates, specialized crates for niche markets and integrated packaging solutions, and is a wholesale cut-to-size panel and lumber supplier to the area’s industrial customers. Sales in 2013 were about $3 million. 

March 17, 2014

Bob Gordon has joined Professional Builders Supply as Charlotte market president, the company announced.

Gordon has more than 30 years of experience in building material sales and distribution.

Professional Builders Supply operates in three North Carolina locations: Morrisville, Wilmington and Charlotte. 

March 13, 2014

Charlotte, N.C.-based Electrolux promoted John Weinstock to senior VP North American marketing. 

Weinstock, who joined the company in 2011 as VP North American marketing, oversees brand management, consumer insight-led innovation, and integrated trade and consumer marketing campaigns.

February 28, 2014

Sales to pros are growing faster than sales to consumers at Lowe’s, which recently reported a fourth quarter sales gain of 5.6%.

According to Chief Customer Officer Greg Bridgeford, the Mooresville, N.C.-based retail giant sees an opportunity to capitalize on the pro market.

February 26, 2014

Mooresville, N.C.-based Lowe’s reported fourth quarter sales of $11.7 billion, up 5.6% from the same quarter last year, as comps increased 3.9%.

The company posted fourth-quarter net earnings of $306 million, up 6.3%.

February 26, 2014

Citing a housing market recovery, Raleigh, N.C.-based Stock Building Supply saw net sales increase 21% in the fourth quarter to $305.2 million. 

Stock CEO Jeff Rea added that the future looks bright. “As we look ahead to 2014, we are encouraged by macro-economic trends that generally support growth in residential new construction and remodeling activity.”

The company reported fourth-quarter income of $2.96 million, compared to a loss of $4.88 million in the same quarter last year. 

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