News

All American Home Center to close

BY HBSDealer Staff

Downey, Calif.-based All American Home Center is closing after more than 50 years of business.

According to the Downey Patriot newspaper, the retailer hired Gordon Brothers Group to handle the liquidation of inventory, a process that will run into next month. 

Owner Tamar Kane issued a statement: "Our customers have shown us great loyalty for decades and we hope they take advantage of these incredible savings on home improvement supplies." 

The company’s website no longer showcases merchandise. Instead, a simple message explains: "We are a family owned, single-store business serving the Downey, South Gate area for over 50 Years."

The company was recognized by Home Channel News as a Tools of the Trade honoree during the 2009 Golden Hammer Awards event.

keyboard_arrow_downCOMMENTS

Leave a Reply

B.VEREEN says:
Nov-23-2011 04:15 pm

What a sad occasion to see
What a sad occasion to see All American Home Center close. I watched it grow from about 15,000 sq. ft. to its size, watched it survive after Home Depot opened across its parking lot. I wonder why it is closing now.

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
News

Masco names new division president

BY HBSDEALER Staff

Masco Corp. has announced the promotion of Keith Allman to group president, responsible for Brasstech, Delta Faucet Co., Hansgrohe, Liberty Hardware, Masco Bath, Masco Canada and Mirolin Industries Corp. Most recently, Allman had been president of Delta Faucet Co., a position he took over in 2007. 

Allman joined Masco in 1998 as VP manufacturing at cabinet maker Merillat Industries. He was later promoted to executive VP operations for Masco’s builder cabinet group. Prior to joining Masco, Allman spent 13 years with General Motors (GM) in a variety of manufacturing, engineering and quality positions. Following his career at GM, he worked in the automotive tier one supply base in a number of senior leadership positions. 

In a separate announcement today, Delta Faucet Co. named Richard O’Reagan as its new president. Previously, O’Reagan was VP sales at Delta.

Masco Corp. in a leading manufacturer of home channel products that include Behr paint, BrassCraft water supply products, Delta and Hansgrohe faucets, bath and shower fixtures, KraftMaid, Merillat and Quality cabinets and Milgard windows and doors.The company also operates a construction services division. 

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
News

Fitch changes ratings on Home Depot, Lowe’s

BY HBSDEALER Staff

Fitch Rating, one of the nation’s leading credit rating services, has reassessed its outlook on Home Depot and Lowe’s following the retailers’ recent third-quarter earnings releases.

Home Depot received a boost to A- staus, maintaining its stable outlook, based on the Atlanta retailer’s operating momentum, strong cash flow and positive comp-store sales in seven of the past eight quarters. 

Home Depot’s shares recently traded at $37.12. Its market capitalization is $57.16 billion

Lowe’s rating was downgraded two levels to BBB+ with a stable outlook.  Fitch cited the North Carolina’s company’s soft operating results and its #2 position in the home-improvement industry. Fitch mentioned the housing market, unemployment and the slowly recovering remodeling market as headwinds facing both companies.

Lowe’s shares recently traded at $23.10. Its market capitalization is $29.11 billion. 

Last week, Home Depot reported its fiscal third-quarter earnings rose 13% and third-quarter sales increased 2.9%. Lowe’s posted a 44.3% drop in net income and 2.3% rise in sales. 

Fitch said it expects home improvement spending to increase 3% in 2011 and 4% in 2012, adding a gradual improvement in the economy could spur more home-improvement projects. 

Standard & Poor’s, another major rating service, has also upgraded Home Depot while lowering its rating on Lowe’s.

 

keyboard_arrow_downCOMMENTS

Leave a Reply

j.bust says:
May-11-2012 12:38 pm

I really appreciate the work
I really appreciate the work and effort done here but at the same time I also know that every one has its own way of taking things, some will like it or some don't but you got to give credit to the person who atleast give us something to talk about.... thanks!Dehumidification Baton Rouge LA

P.Bassi says:
Apr-13-2012 05:13 pm

In everyone's time, at some
In everyone's time, at some pass‚, our inner throw goes out. It is then burst into zeal by an encounter with another human being. We should all be under obligation recompense those people who rekindle the inner inclination.water damage Baton Rouge

g.josh says:
Apr-06-2012 01:02 pm

We do encounter such problems
We do encounter such problems in our houses. Mostly we overlook these but that is not the solution. We have to fix the problem as soon as we notice it or it might get worse. Before you design your house you should plan well.water damage pennsylvania

j.jim says:
Mar-13-2012 11:01 am

Glorious read, I just passed
Glorious read, I just passed this onto a colleague who was doing a little analysis on that. And he actually purchased me lunch because I found it for him smile So let me rephrase that: Thanks for lunch! Anyway, in my language, there usually are not much good source like this.Water Damage Overland Park KS

v.tay says:
Mar-02-2012 09:46 am

Nice acknowledgment from the
Nice acknowledgment from the readers as well! I have to accept the columnist had some actual accurate credibility here. Thank you for demography the time to allotment this with us!Water Damage Manhattan

v.tay says:
Mar-02-2012 09:07 am

I was wondering if you ever
I was wondering if you ever considered changing the layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better? Water Damage Long Island

t.tay says:
Feb-22-2012 09:19 am

Its my own great pleasure to
Its my own great pleasure to visit your website and also to enjoy your fantastic publish right here. I like all of them very much. I can feel that you paid a lot of attention to those articles, since all of them make sense and are very useful. Thanks a lot for sharing. Water Damage Santa Ana CA

t.tay says:
Feb-22-2012 07:45 am

I cherished as much as you
I cherished as much as you will obtain carried out right here. The sketch is tasteful, your authored subject matter stylish. however, you command get got an nervousness over that you want be delivering the following. sick for sure come further formerly again since exactly the same nearly very regularly inside of case you defend this hike. water damage Los Angeles

D.Jones says:
Feb-09-2012 02:43 pm

The ratings firm, which
The ratings firm, which raised its issuer default rating by a notch to A-minus, also said the rating considers Home Depot's leading position in the home improvement retail sector and the challenges posed by the difficult housing market and high unemployment. water damage restoration Vancouver

P.Jones says:
Feb-08-2012 06:57 am

Last week, Home Depot
Last week, Home Depot reported its fiscal third-quarter earnings rose 12% as same-store sales continued to improve, prompting the retailer to increase its quarterly dividend for the second time this year and raise its full-year earnings estimate. Water Damage Rolesville NC

P.Bassi says:
Jan-27-2012 09:57 am

Excellent post & nice effort
Excellent post & nice effort on providinf an insight on the antiques to be used for house interiors. Do carry same type of job in future as well. Keep this smart work in future as well. flood damage cleanup st louis

s.shne says:
Jan-24-2012 01:48 am

You can't rely on drywall as
You can't rely on drywall as a solid sustaining material, you should also use some more resistant materials in the mixture. You have a good plan here and most likely you'll succeed with the project but make sure that you use the right drywall, there are some issues with the Chinese drywall that will turn the construction industry upside down, just like asbestos did... water damage Des Moines

J.Steve says:
Jan-20-2012 06:36 am

Thank you, I think it’s a
Thank you, I think it’s a wonderful post. I was just searching for information about this on the web and I am glad I run into your post, and so fast too (I taught it will take for ever since I didn’t know where to start searching). I have a friend that would like to read it too and I will definitely send him a link now (since I can’t find the “tell a friend” button – I think it should be more obvious were it is). I have also bookmarked this site and surly will come to read some more of your other posts. water damage

G.Sand says:
Jan-17-2012 01:41 pm

Lowe's operates as a home
Lowe's operates as a home improvement retailer. The company offers a range of products for maintenance, repair, remodeling, home decorating, and property maintenance. It has a market capitalization of $29.16 billion with a P/E ratio of 15.84. Water damage Tampa Bay FL

p.bassi says:
Jan-13-2012 07:36 am

Good blog always comes-up
Good blog always comes-up with new and exciting information and while reading I have feel that this blog is really have all those quality that qualify a blog to be a good one.. Water Damage Wexford PA

p.bassi says:
Jan-13-2012 06:05 am

I think this is an
I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article... Water Removal Butler PA

p.bassi says:
Jan-12-2012 02:40 am

Home Depot Inc. ist einer der
Home Depot Inc. ist einer der größten amerikanischen Hand- und Heimwerkermärkte. Mit über zweitausend Selbstbedienungs-Märkten (Home Depot, Villager's Hardware) in den USA und mehreren Niederlassungen in Kanada, Puerto Rico und Mexiko ist der Konzern auf dem nord- und südamerikanischen Markt präsent. water damage brooklyn ny

r.steve says:
Jan-06-2012 11:41 am

Hi, i have visited this site
Hi, i have visited this site a couple of times now and i have to say that i find it quite exeptional actually. it'll be nice to read more in the future. Water damage Deerfield Beach FL

r.steve says:
Jan-05-2012 09:14 am

The ratings firm, which
The ratings firm, which raised its issuer default rating by a notch to A-minus, also said the rating considers Home Depot's leading position in the home improvement retail sector and the challenges posed by the difficult housing market and high unemployment.water damage raleigh nc

s.jones says:
Jan-04-2012 06:01 am

I read your post and I found
I read your post and I found it amazing .Your thought process is wonderful.The way you express yourself is awesome.http://bullhomeimprovement.com/connecticut/waterbury/

s.jones says:
Jan-03-2012 08:11 am

The Home Depot with a special
The Home Depot with a special vision -- to create a company that would keep alive the values that were important to us. Values like respect among all people, excellent customer service and giving back to communities and society.water damage restoration

s.sand says:
Dec-30-2011 03:03 am

Here’s your chance to let
Here’s your chance to let others know your opinion about products you’ve purchased. In addition to rating products on a scale from 1 to 5, you can write product reviews to share with fellow customers why you like or dislike certain products.water damage baytown tx

S.paragonremodeling says:
Dec-12-2011 11:40 am

Oh! written style is very
Oh! written style is very interesting. I like this content. Virginia Contractors

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?