Home Hardware is pleased to announce the appointment of Laura Baker to Vice-President, Marketing, effective Monday, September 20, 2021. “Laura’s passion for retail, coupled with her ability to turn data-driven insights into effective marketing strategies that drive awareness, consideration, purchase and loyalty make her well positioned to lead our programs,” says Kevin Macnab, President and […]
Freddie Mac: Mortgage Rates Remain Relatively Flat in September 9th Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 2.88 percent. “While the economy continues to grow, it has lost momentum over the last two months due to the current wave of new COVID cases that has led to weaker employment, lower spending and declining consumer […]
Builders FirstSource Acquires Apollo Software Assets
Builders FirstSource, Inc. (“Builders FirstSource” or the “Company”), today announced it acquired Apollo software assets from construction technology startup Katerra in an approximately $4.5 million transaction. The Apollo platform provides design collaboration and workflow, construction budgeting and scheduling, and field task assignment with mobile functionality. The acquisition aligns with Builders FirstSource’s digital strategy to address […]
Hooker Furniture Achieves Double-Digit Sales, Income Gains in Second Quarter
Hooker Furniture Corporation reported consolidated net sales of $162.5 million for its fiscal 2022 second quarter ended August 1, 2021, a $32.0 million, or 25%, increase compared to the prior year period. Net income for the second quarter was $7.5 million, or $0.62 per diluted share, a 29% increase from a year ago. Consolidated operating […]
LL Flooring Expands Retail Footprint to More Than 420 Stores, Including Three New Showroom-Only Locations
LL Flooring, formerly Lumber Liquidators, one of the nation’s largest specialty retailers of high-quality, hard-surface flooring that is dedicated to providing the best customer experience from inspiration to installation, announced the recent opening of six new stores, bringing its total store count to 422. Three of the new stores are new showroom-only concepts. LL Flooring […]
Floor & Decor Launches the Grand Opening of Its Bohemia, New York Store
Floor & Decor a leading specialty retailer of hard-surface flooring, will expand its nationwide footprint when it opens the doors to its newest location in Bohemia, New York on September 16, 2021. This opening marks the third store in the Long Island market. The 79,000 square-foot Floor & Decor warehouse store and design center will […]
Koppers Announces Participation in Sustainable Battery Projects
Koppers Carbon Materials and Chemicals Pty Ltd, a wholly-owned subsidiary of Koppers Holdings Inc., an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, announced its active participation with two Australia-based organizations to pursue advancements in battery performance that promise a more sustainable energy future. Koppers has patents pending relating to […]
Fencing Supply Group, A Portfolio Company of The Sterling Group, Completes Acquisition of Capitol Wholesale Fence Company
Fencing Supply Group (“FSG”) announced that it has acquired Capitol Wholesale Fence Company, Inc. (“Capitol”). FSG is a group of industry-leading distributors and manufacturers of fencing and outdoor living products. Based in Nashville, Tennessee, Capitol is a full-service fencing supplier for commercial, industrial, and residential customers with branches in Nashville and Chattanooga, Tennessee; Lexington and […]
West Fraser Provides Operational Update
West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) has declared a quarterly dividend of C$0.25 per share and is providing the following update on operating conditions through the end of August 2021. The Company will provide a further update as part of its third quarter earnings release scheduled for October 27 and does […]
Mortgage Applications Decrease in September 8th MBA Weekly Survey
Mortgage applications decreased 1.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 3, 2021. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]