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HCN Stock Watch on the rise

BY HBSDEALER Staff

Most of the stocks on the HCN Stock Watch saw increases, with USG leading the pack.

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How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
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Leslie’s Poolmart dives into Herndon, Va.

BY HBSDEALER Staff

Phoenix-based Leslie’s Poolmart, the nation’s leading retailer of swimming pool supplies and related products, opened a store in Herndon, Va. The store will celebrate its grand opening May 31 to June 3, with specials and festivities throughout the weekend,

In total, Leslie’s opened 48 new stores this year, between March and May. With these new stores and its recent acquisition of 24 Warehouse Pool Supply stores in the Houston area, Leslie’s brings its total store count to more than 800 stores nationwide.

The company employs approximately 3,500 associates across the country during the swimming pool season.

"Leslie’s is proud to be opening new store locations this year to serve our customers and add jobs throughout the country," stated Larry Hayward, CEO, Leslie’s Poolmart. "Our new stores will offer customers an expansive selection of swimming pool supplies, pool equipment and recreational items. Leslie’s associates serve as a valuable resource for swimming pool owners and provide detailed, knowledgeable information needed for their pool care.”

Founded in 1963, Leslie’s Poolmart claims the title “world’s largest specialty retailer of swimming pool supplies and related products.”

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Consumer confidence increases in May

BY HBSDEALER Staff

The Consumer Confidence Index rose to a reading of 76.2 in May, up from 69.0 in April.

It was the second straight month of gains for the widely watched macroeconomic metric, and the highest reading since February 2008, when the index hit 76.4.

The monthly Consumer Confidence Survey based on a probability-design random sample, is conducted for The Conference Board by Nielsen.

A year ago, Consumer Confidence stood at 64.4.

“Consumer Confidence posted another gain this month and is now at a five-year high,” said Lynn Franco, director of economic indicators at The Conference Board. “Consumers’ assessment of current business and labor-market conditions was more positive and they were considerably more upbeat about future economic and job prospects. Back-to-back monthly gains suggest that consumer confidence is on the mend and may be regaining the traction it lost due to the fiscal cliff, payroll-tax hike, and sequester.”

Consumers’ appraisal of present-day conditions improved in May. Those saying business conditions are “good” increased to 18.8% from 17.5%, while those stating business conditions are “bad” decreased to 26.0% from 27.6%.

Consumers’ assessment of the labor market was also more positive. Those claiming jobs are “plentiful” increased to 10.8% from 9.7%, while those claiming jobs are “hard to get” edged down to 36.1% from 36.9%.

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How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?