home improvement stores

Ace Hardware expanding into Mexico

Ace Hardware, the world’s largest hardware retail cooperative, plans to enter the home improvement market in Mexico.

Ace Hardware International Holdings Ltd., the company’s international division, will focus on franchise development in Mexico City, with a projected first store opening in mid-2021. 

The company also recently signed a supply and logistics agreement with Monterrey, Mexico-based PIMSA Ferreteros to provide transportation, warehousing and distribution services for Ace International’s...

https://s29755.pcdn.co/news/ace-hardware-expanding-into-mexico

Sales pop, inventories drop for essential retail; trucking the beneficiary

Entrance to a Target store

Several retail giants reported quarterly results this week that were favorably impacted by their status as “essential” providers during the pandemic. The fiscal second-quarter financial reports displayed favorable trends for the trucking industry – sales up and inventories down.

The run on home goods, food and consumables as stay-at-home lifestyles have taken hold amid COVID-19 was evident in financial results for Target (NYSE: TGT) and Walmart (NYSE: WMT). U.S. comparable sales climbed 24%...

https://s29755.pcdn.co/news/sales-pop-inventories-drop-for-essential-retail-trucking-the-beneficiary