Fastenal Company and the National Hockey League (“NHL”®) announced a multiyear global partnership, naming Fastenal the official Maintenance, Repair and Operations (“MRO”) partner of the NHL through the 2023-24 season. The partnership is focused on creating an efficient and reliable MRO supply chain for ice rinks across North America. MRO encompasses the wide-ranging products and […]
Lowe’s Reports Second Quarter 2020 Sales and Earnings Results
Lowe’s Companies, Inc. (“Lowe’s” or the “Company”) reported net earnings of $2.8 billion and diluted earnings per share (“EPS”) of $3.74 for the quarter ended July 31, 2020, compared to net earnings of $1.7 billion and diluted EPS of $2.14 in the second quarter of 2019. Second quarter adjusted diluted EPS of $3.75 was 74 […]
Mortgage Applications Decrease in August 14th MBA Weekly Survey
Mortgage applications decreased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 14, 2020. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Horizon North Logistics Inc. Announces the Resignation of Rod Graham as co-Chief Executive Officer and President Modular Solutions
Horizon North Logistics Inc. (the “Corporation” or “Horizon North”) announced that Rod Graham has provided notice of his resignation as co-Chief Executive Officer and President Modular Solutions of Horizon North. Mr. Graham will continue to work with the Corporation for a period of up to 90 days to ensure the smooth transition of his responsibilities. […]
U.S. Census Bureau: Monthly New Residential Construction, July 2020
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for July 2020: Building Permits Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,495,000. This is 18.8 percent (±1.1 percent) above the revised June rate […]
Tractor Supply Company Honors 2020 Top Vendor Partners
Tractor Supply Company (“Tractor Supply” or the “Company”), the largest rural lifestyle retailer in the United States, recognized its top vendor partners at the Company’s annual partnership conference held virtually on August 13, 2020. Each company was selected for their exceptional dedication, collaboration and commitment to offer products that resonate with the differentiated lifestyle of […]
La-Z-Boy Reports Fiscal 2021 First-Quarter Results
La-Z-Boy Incorporated (“La-Z-Boy” or the “company”), a global leader in residential furniture, today reported its operating results for the fiscal 2021 first quarter ended July 25, 2020. Fiscal 2021 first quarter versus Fiscal 2020 first quarter: – Consolidated sales decreased 31.0% to $285.5 million, reflecting ongoing COVID-19 impact – Written same-store sales for the entire […]
The Home Depot Announces Second Quarter Results; Declares Quarterly Dividend of $1.50 Per Share
The Home Depot® (the “Company”), the world’s largest home improvement retailer, reported sales of $38.1 billion for the second quarter of fiscal 2020, a 23.4 percent increase from the second quarter of fiscal 2019. Comparable sales for the second quarter of fiscal 2020 were positive 23.4 percent, and comparable sales in the U.S. were positive […]
BlueLinx Announces Closing of Sale-Leaseback Transaction
BlueLinx Holdings, Inc. (the “Company”), a leading distributor of building and industrial products in the United States, announced that it has completed a sale-leaseback transaction for its owned distribution facility in Denver, Colorado, for net cash proceeds of $10.6 million. The transaction closed on August 14, 2020, and as a part of the transaction, the […]
Herman Miller Announces Changes to Leadership Team
Herman Miller (the “Company”) has announced the promotion of two industry veterans, John Michael and Richard Scott, to the Company’s leadership team, effective September 4, 2020. Michael and Scott will replace Greg Bylsma, President of North America Contract and Global Operations. Bylsma announced his intent to retire earlier this year and will remain with the Company […]