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April 18, 2014

In Canon City, Colo., Fontana True Value is carrying a new stamp of approval: “True Value Best Hardware Store in Town.”

Jim Fontana and Susan Palladino accepted the designation during a True Value Co. ceremony in Atlanta, during which 13 stores were honored.

In Canon City, Fontana True Value is known for empowering employees to make decisions, including returns and price matching. 

“Every day I get customer feedback about how friendly and helpful the employees are,” said Fontana. 

April 18, 2014

GE is behind the latest eco-forward move in San Francisco -- specifically, that of the iconic 16-ft. crab wheel at the gateway of Fisherman's Wharf.

Together with the Arrow Sign Company, GE helped restore the landmark with new LED sign lighting systems that will save an estimated 80% in lighting energy usage.

April 18, 2014

The latest Living Spaces home furnishings store in Phoenix features a collaboration between the California-based retailer and home improvement TV star Jeff Lewis.

As Living Spaces’ Creative Director, Lewis’ designs and curated rooms can be viewed in the store’s “Styled by Jeff Lewis” gallery. Lewis hosts Bravo’s Flipping Out and Interior Therapy. 

Located off the 10 freeway at the 67th Ave. exit in Phoenix, the Living Spaces Phoenix showroom is the company’s second location in Arizona. 

April 18, 2014

It's the timing agreement that just won't quit.

Louisiana-Pacific Corporation and Ainsworth Lumber Co. announced Friday that they were extending the outside date for completion of the acquisition -- a third time.

LP's acquisition of Ainsworth was most recently scheduled to be completed by April 18, but that deadline has now been pushed back to June 2, 2014.

April 18, 2014

A price index of lumber and panels used in actual construction for April 18, 2014

April 18, 2014

With the buying season just around the corner, the National Association of Home Builders has studied the March housing starts data and sees improving signals.

Led by a 6% rise in single-family starts, nationwide housing production rose 2.8% above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to the figures from the U.S. Census Bureau.

April 18, 2014

Paul McNally of Apex Tool Group received a Presidential Award at the Reliable Distributors Management and Marketing Conference.

The award is presented to members and vendors for their outstanding commitment and leadership provided to the group.

Also during the conference, Reliable Distributors introduced new marketing programs, including a Made in USA-focused effort. 

The conference theme, in fact, was "Living in America."

Reliable is based in Libertyville, Ill. 

April 17, 2014

Sears Holdings (SHLD) soared 14.08% on Thursday after board member Thomas Tisch disclosed that he purchased 475,000 shares of stock in the past two days.

April 17, 2014

According to a new Wall Street Journal report, Home Depot is focusing its efforts these days on the expansion of its e-commerce business, which means no new store openings for the time being.

April 17, 2014

According to the U.S. Environmental Protection Agency and the Department of Justice, Lowe's has agreed to settle its lead paint case for $500,000 and to implement a new compliance program at all 1,700+ locations nationwide.

The settlement is a response to an EPA investigation that found that Lowe's lacked the documentation to prove it had abided by the agency's regulations when hiring contractors in nine states or using EPA-approved lead paint testing kits. The EPA was originally tipped off by comments and complaints from the public.

April 17, 2014

Marysville, Ohio-based Scotts Miracle-Gro Company named Randy Coleman as executive VP and CFO.

Coleman replaces Larry Hilsheimer, who has left the company after slighlty more than a year in his role.

Chairman and CEO Jim Hagedorn described Coleman as a better fit for the position.

April 17, 2014

The Sherwin-Williams Company announced mixed results Thursday for the first quarter of 2014, which saw greater top-line revenue for the company that wasn't matched by its net income performance.

Net sales for the three months ended March 31 were $2.37 billion, up 9.2% from $2.17 billion the year before. Sherwin-Williams attributed the increase primarily to higher paint sales volume in the Paint Stores Group and acquisitions, which accounted for 4.5% of the increase alone. Net sales in the Paint Stores Group increased 16.4% to $1.36 billion.

April 17, 2014

Universal Forest Products, Inc. announced its first-quarter 2014 results Wednesday, which showed marked improvement in bottom-line earnings but relatively stagnant revenues.

Net sales for the quarter came in at $554.0 million, barely changed since last year's $554.5 million. Net earnings for the peiod came in at $7.2 million, which is up 38% year-over-year.

April 16, 2014

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April 16, 2014

In an interview with the Contra Costa Times, third-generation California retailer Bill Wygal shared some of the keys to the success of his family business. A major ingredient: Family values.

Bill’s Ace has stores in the California cities of Concord, Martinez and Pleasant Hill, and has been in continuous operation since 1948.

Secrets to success, according to the article, include hiring the right people and retaining them -- not easy in the retail business. It’s also critical to maintain a culture of strong customer service.

April 16, 2014

HCN's Top 30 were unanimously up at Wednesday's close, with Masco (MAS), Sears Hometown (SHOS), Stock Building Supply (STCK), Trex (TREX) and USG (USG) enjoying an especially strong headwind.

April 16, 2014

Buffalo Grove, Ill.-based Hines Supply, which announced two expansions in the last week, has announced another.

Mike’s Deck Centers in Montgomery and St. Charles, Ill will join Hines, a division of U.S. LBM.

April 16, 2014

Oakmont, Pa.-Chelsea Building Products hired Jason King as their business development manager for their Specialty Products division. As part of Chelsea’s sales department, King will focus on increasing sales through by focusing on specialty building product markets as well as other fabrication distribution markets.

April 16, 2014

The new year can present an uncomfortable task for HR managers, who may find themselves having to say the following to underperforming employees: “Happy holidays; you’re doing a terrible job.”

No credible HR manager would be so blunt with a worker, but near the end of the year, when many companies typically do performance reviews, managers must know how to present good and bad news. Experts offer the following advice:

April 16, 2014

Citing a tendency for the metal housing and lens to separate from the bulb's base and fall, Satco Products is recalling several thousand of its KolourOne LED Light Bulbs.

The recall affects about 119,000 units in the U.S. and 2,350 in Canada of the KolourOne Brand Panel Array 2.0 and DUO 2.0 PAR 30 and 38 LED Light Bulbs.

Four reports have been received of the bulb components separating and falling, but no injuries have yet been reported.

April 16, 2014

Forest products giant Weyerhaeuser says it will reorder its leadership team this summer.

Current SVP, general counsel Sandy McDade is retiring in July. Succeeding her will be Devin Stockfish, who will also maintain his current role as corporate secretary. Stockfish has been serving as corporate secretary and assistant general counsel since last June. Before joining the company, he was VP & associate general counsel at Univar Inc.

Also retiring is Sara Kendall, VP corporate affairs and sustainability, on May 2.

April 15, 2014

Sears Holdings has tapped Arun Arora as SVP and president, Home Services, in which role he will take charge of the business unit's In-Home Repair Services, Service Contracts, Carry-In Repair, Sears Home Improvement Services, Parts Direct, Commercial Sales and Sears Franchise Businesses.

April 15, 2014

BrassCraft Manufacturing is promoting its "better. together." campaign with three new B2B advertisements that highlight the relationship between plumbing professionals and BrassCraft products.

"Getting the job done – and done well – is what the plumber does," said VP marketing & product development Jeffrey Jollay. "Plumbers know quality and rely on BrassCraft Manufacturing for a wide spectrum of products to help make sure that the job is done right every time."

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