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May 21, 2012

The Home Channel Stock Roundup shows share prices in retreat -- 10 out of 10 stocks failed to show gains for the month and the year.

May 21, 2012

Lowe’s reported net earnings of $527 million for the quarter ended May 4, 2012, a 14.3% increase over the same period a year ago. 

Sales for the quarter increased 7.9% to $13.2 billion from $12.2 billion in the first quarter of 2011.

Comparable store sales for the quarter increased 2.6%, while comparable store sales for the U.S. business increased 2.7%.

May 21, 2012

Recovering from a violent incident or disaster in the workplace can take months, but having a plan and sources of help prior to the event can make the process smoother.

Employees’ emotional reactions to a violent event in the workplace begin within the first few minutes after the event, said experts from AlliedBarton security services during an April 2012 webinar, “Regaining Your Ground: Resilience After a Workplace Violence Event.”

May 20, 2012

Indianapolis -- Hockey legend Jim Craig, the goalie from the gold-medal winning U.S. Olympic hockey team of 1980 delivered the keynote speech during the Do it Best Corp. May Market here. Craig’s message of teamwork was similar to that of Do it Best CEO Bob Taylor. 

May 18, 2012

Beacon Roofing Supply has reached an agreement to acquire Cassady Pierce Co., a distributor of residential and commercial roofing products, for an undisclosed sum. Founded in 1947, Cassady Pierce has six locations in the Pittsburgh area and annual sales of approximately $52 million. Closing on the transaction is expected on May 31, 2012. 

May 18, 2012

National Nail Corp. said its CAMO Hidden Deck Fastening System is now at more than 300 Home Depot stores, plus HomeDepot.com. 

"We are excited to have The Home Depot offering the CAMO Hidden Deck Fastening System to their professional deck builders and homeowners," said W. Scott Baker, president and CEO of National Nail Corp. "Being in the aisle at The Home Depot validates what we believe -- that CAMO is a unique deck fastening solution.”

May 18, 2012

The Equal Employment Opportunity Commission’s (EEOC) guidance on criminal background checks in hiring issued in April was necessary to update guidance last issued more than 20 years ago, according to former commission vice chair Leslie Silverman, now a partner at Proskauer Rose LLP in Washington, D.C.

May 18, 2012

A price index of lumber and panels used in actual construction for May 18, 2012

May 18, 2012

Police detective in Crossville, Tenn., have arrested three Lowe’s employees and charged them with conspiring to steal $18,000 in outdoor power equipment, according to a report in the Crossville Chronicle.

May 17, 2012

Dallas-based pro dealer Builders FirstSource has announced a new location in Clarksville, Tenn., approximately 40 miles northwest of Nashville. The facility is situated on five acres and includes a 25,000-sq.-ft. warehouse. It will offer lumber, engineered I-joist systems, roof and floor trusses, windows, doors, millwork and various other building products and materials. The scheduled opening date is in early June.

CEO Floyd Sherman said the company is looking forward to expanding its footprint in northern Tennessee and southern Kentucky.

May 17, 2012

The 2012 crop of Home Channel News Hardware Store All-Stars marks the second year of the state-by-state accounting of high-performance retailers. The common theme of “excellent customer service” runs through the entire list, but that’s just the beginning.

Here are the honorees from Georgia, Hawaii and Idaho:

May 17, 2012

Michaels Stores has announced the establishment of an interim office of the CEO to provide ongoing leadership and continuity for the business in the absence of current CEO John Menzer. Sharing the interim CEO duties will be Lew Klessel, managing director with Bain Capital Partners, and Charles "Chuck" Sonsteby, the company's chief administrative officer and CFO.

May 17, 2012

Ply Gem, a manufacturer of windows, siding, and other exterior building products, reported net sales of $239.2 million for its first fiscal quarter of 2012, a 19.5% increase over net sales of $200.1 million during the same period in 2011. 

Earnings during the first quarter were $1.2 million compared with a $7.6 million loss for the first quarter of 2011, after excluding $6.7 million of inventory buyback expense in 2011 associated with a significant new customer.  

May 16, 2012

Builder confidence in the market for newly built, single-family homes reached its highest level since May 2007, reaching a level of 29 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is a gain of five points from the previous month, which was downwardly revised.

May 16, 2012

USG Corp.’s Sheetrock Ultralight panels are available at Home Depot stores nationwide, according to blog site JetsonGreen.com. The product, first tested in 2010, weighs anywhere from 15 to 24 lbs. less than typical gypsum board, depending on the size. It can be used with a 40% lighter joint compound released in January 2012.

May 16, 2012

Home Depot’s Craig Menear, executive VP merchandising, shared details and data from a first quarter that saw double-digit comps in certain seasonal product categories.

Overall, Home Depot saw comp-store sales increase 5.8% in the first quarter of strong sales and earnings growth.

May 16, 2012

Housing starts increased to a seasonally adjusted annual rate of 717,000 in April, up 2.6% from the upwardly revised March figure, and up almost 30% from April 2011.

The April Residential Construction from the Commerce Department report showed surprisingly strong housing starts combined with a decline in housing permits -- just the opposite of the March 2012 report. In April, building permits declined 7.0% to a rate of 715,000, after hitting a three-year high in March.

May 16, 2012

The U.S. Department of Labor’s (DOL) wage and hour enforcement has become markedly more aggressive under the Obama administration, according to Paul DeCamp, former administrator of the Wage and Hour Division under President George Bush and now an attorney at Jackson Lewis’ Washington, D.C., regional office.

May 16, 2012

An Indiana hardware store gained some notoriety last week when a photo of a motorized barstool went viral on the Internet. But for the last three years, Hardware Plus, a Do it Best dealer in Osceola, Ind., has been making any number of unusual motorized vehicles, according to an article in the South Bend Tribune.

May 15, 2012

The American Hardware Manufacturers Association (AHMA) Industry Confidence Index included questions about running mates and political agendas.

The April Confidence Index survey asked two supplemental questions of AHMA members:

“Assuming Mitt Romney becomes the Republican candidate for president, which of the following would you most like to see selected as his vice presidential running mate?”

May 15, 2012

Atlanta-based Home Depot made first-quarter history for the period ended April 29 with net earnings crossing the $1 billion mark.

The company reported net income of $1.035 billion, up 27.5% from the same quarter last year. Sales were also up, rising 5.9% to $17.81 billion in the quarter. Comparable-store sales were 5.8%, the highest figure in more than seven years.

May 15, 2012

A new program by the U.S. Green Building Council may multiply the number of LEED-certified retail outlets, restaurants and hotels by making it easier for developers to get their projects pre-certified.

May 15, 2012

Building material and garden equipment and supplies dealers had a strong month in April compared with a year ago, according to government data released Tuesday.

The U.S. Census Bureau announced that advance estimates of U.S. retail and food services sales for April were up 0.1% to $408 billion. The April figure, adjusted for seasonal variation and holiday and trading-day differences but not for price changes, was up 6.4% from the April 2011 estimate.

May 15, 2012

Panasonic Corp. of North America has renamed its Home and Environment as the Eco Products Division, which will house its ventilation fan business. This product line includes 18 products of high-performance, Energy Star-rated, whole-home ventilation solutions that improve indoor air quality and comply with the latest building standards and codes.

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