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Latest In Consumer/Retail
Do it Best strengthens its leadership team with two new directors to enhance logistics, supply chain optimization and member service.
The company said it expects EBITDA to expand in 2025 as it pursues a return to historical gross margin of about 35%.
 The Savannah DC supports hundreds of Home Depot stores with products and has been crucial in hurricane relief.
The Home Depot partnered with the delivery apps to provide customers with faster, on-demand delivery of home improvement products.
Honeywell’s AI in Retail Survey reveals how retailers are leveraging AI to improve employee development and enhance the customer experience.
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Overall, the deal effectively doubles the size of Do it Best's membership.
Founding the company with Arthur Blank in 1978, Marcus spearheaded its rapid growth over the next two decades.
The company's overall sales decrease was attributed to SBD's Infrastructure divestment earlier this year, and lower consumer demand.
Following statements from Orgill and the Hardlines Distribution Alliance, Do it Best reassured True Value retailers of its commitment to stability and support.
The hardlines wholesaler pledged to support True Value retailers and cited hundreds of them who converted to Orgill in the past several years.
It would join United Hardware as another major acquisition for Do it Best this year.
A company memo says the policy will help corporate staff understand the challenges and opportunities that store workers face every day.
CEO Chris Kempa emphasized the company's commitment to minimizing the disruption to associates, retailers and vendor partners.
The deal will enable the company to avoid liquidatating all assets, though hundreds of other stores will still close.
Adding the factory and warehouse automation controls distributor gives Houchens a 14th company in its portfolio.
LL Flooring will begin closing its remaining 200 stores on September 6 and liquidate its assets, following a failed attempt to secure a buyer.
Marshalltown, which supplies tools to retailers including Home Depot and Lowe's, will enhance its logistics capabilities with a new facility.
It follows recent announcements from the retailer regarding its positioning and friction between its shareholders and leadership board.
