TOP STORIES from our HARDLINES e-Newsletter

RONA turns around losses in second quarter

BOUCHERVILLE, Que. — RONA reported net income of $42 million in the second quarter, compared to a net loss of $144.7 million during the same period last year.

Second quarter revenues stood at $1.19 billion in 2014 versus $1.25 billion in 2013. The $55.5 million or 4.4% decline is a result of a $37.4 million or 4.2% decrease in retail segment and an $18 million decrease or 5.2% in the distribution segment…

>>FULL STORY IN OUR WEEKLY E-NEWSLETTER.


U.S. Big box giants see Q2 sales and profits climb

MOORESVILLE, N.C. & ATLANTA — Lowe’s Cos. has reported net earnings of $1.04 billion for the second quarter, an increase of 10.4% over the same period a year ago. Sales increased 5.7% to $16.6 billion, from $15.7 billion in the second quarter of 2013, and year-to-date sales were $30.0 billion, up 4.2% over the same period a year ago…

>>FULL STORY IN OUR WEEKLY E-NEWSLETTER.


Orgill’s latest show draws Canucks despite timing

CHICAGO — Orgill’s fall buying show was held right in the middle of the busiest trading time for most dealers, but that didn’t stop about 100 Canadian independents from heading to the Windy City to attend the event.

As ever, the lion’s share of dealers came from Castle Building Centres, the buying group that Orgill formed its first agreement with on arriving in Canada. But other banners were represented, as well, reflecting the current turbulence in the Canadian market…

>>FULL STORY IN OUR WEEKLY E-NEWSLETTER.


Canadian Tire sales up, Medline takes CEO role

TORONTO — Canadian Tire Corp. reported consolidated revenue for the second quarter of $3.2 billion, up 4.8% from the same time last year. Retail sales for the quarter were also up 4.8%, to $3.7 billion…

>>FULL STORY IN OUR WEEKLY E-NEWSLETTER.


James Mumby sells Dynamic to U.S. distributor

SPARTANBURG, S.C. — The Merit Distribution Group will acquire Dynamic Paint Products, a 40-year-old family-owned distributor and manufacturer of paint-related products based in Toronto. Merit is the corporation that includes Lancaster, a full-line paint sundries distributor. It currently operates in the U.S., Mexico, Caribbean Islands, Central America, and South America…

>>FULL STORY IN OUR WEEKLY E-NEWSLETTER.


DAILY NEWS UPDATES

RONA shares hit price offered by Lowe's

BOUCHERVILLE, Que. — RONA shares reached an intraday high of $14.75 piercing the $14.50 per…

Holt Renfew to close smaller stores, focus on flagships

OTTAWA — Holt Renfrew will close two of its smaller locations in Ottawa and Quebec City…

Mumby sells Dynamic to U.S. distributor

SPARTANBURG, S.C. — The Merit Distribution Group will acquire Dynamic Paint Products…

Apex Tool Group acquires Niagara Tools

DALLAS — Generational Equity, which advises privately-held, middle-market businesses…

Target Canada not finished yet: experts

MISSISSAUGA, Ont. — Target won’t give up on Canada too easily, despite calls for…

Titan to acquire Slegg

VICTORIA — WSB Titan, Canada’s largest privately owned gypsum dealer, is poised to buy…

Tim Hortons in talks with Burger King

OAKVILLE, Ont. — Burger King and Tim Hortons have confirmed that they are in talks…

Sears opens Western fulfillment centre

CALGARY — Sears Canada officially opened a 240,000 square-foot…

Craig Menear named Home Depot president & CEO

ATLANTA — Craig Menear has been named president and CEO…

Lowe’s sales and profits soar in second quarter

MOORESVILLE, N.C. — Sales for Lowe’s in the second quarter increased 5.7%…

U.S. housing starts rise in July

WASHINGTON — Privately-owned housing starts in July were at a SAAR of 1,093,000. This is 15.7%…

Hardlines on BNN: big boxes, small stores, and e-retail

Hardlines’ own editor Michael McLarney talked to BNN …

Home Depot posts Q2 gains, hikes outlook

ATLANTA — Home Depot reported sales of $23.8 billion for the second quarter, a 5.7% …

Japan's Muji comes to Toronto

TOKYO — Housewares retailer Muji will open its first Canadian store at the Toronto Eaton…