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HCN Stock Watch: Happy Monday

BY HBSDEALER Staff

Stocks experienced a surge of positive action on Monday, led in the HCN circle by Stock Building Supply (STCK), up 4.13%.

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Dixon brand makes North American exit

BY HBSDealer Staff

Husqvarna Group division Husqvarna Professional Products has announced its decision to discontinue the Dixon brand name in North America.

That means Dixon’s zero-turn mowers, walk-behind mowers and tractors will bow out from the market, though Husqvarna plans to manufacture similar products under alternative brands.

"The decision to phase out the Dixon brand is part of the Husqvarna Group’s strategic plan, a strategy that seeks to reduce operational complexity, improve efficiency and give additional focus to the consumer," said Jeff Dewosky, VP dealer sales, Husqvarna.

As of the end of this year, the distribution of products under the Dixon brand name will cease in North America, but will continue internationally for the time being. The company will continue to process Dixon warranty claims and provide service parts for a period of time.

No jobs are expected to be lost in the transition, nor does Husqvarna expect a radical change in its financial standing.

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Report: Lowe’s makes moves in Brazil

BY HBSDealer Staff

Citing insider sources, Bloomberg reported Friday that Lowe’s is working with Goldman Sachs in its search for acquisitions in Brazil, although the company is still reportedly weighing its options.

The move would help Lowe’s establish a presence in a market without clear leaders — one that’s expanding as incomes (and the number of new homeowners) grows in Brazil. As it stands, there’s little competition aside from corner hardware stores.

According to the sources, Lowe’s is considering buying part of BR Home Centers, a home improvement holding company, as well as Curitiba-based Balaroti Materiais de Construcao SA.

The companies involved have yet to comment, Bloomberg reported.

Lowe’s will report its second quarter earnings early Wednesday morning.

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