HARDWARE STORES

Roof collapses at Minnesota hardware store

BY HBSDEALER Staff

According to an article in the Echo Press, a Glenwood, Minn., hardware store suffered a collapsed roof last week. Heavy snow accumulation was blamed.

The damage to Wagner Hardware in downtown Glenwood was "quite extensive," according to a police department release.

No one was hurt by the roof collapse, according to  the news report.

 

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Another executive retires from Worldwide DIY Council

BY HBSDEALER Staff

Don Droesch is leaving the Worldwide DIY Council. He is the second executive to announce his retirement from the group of U.S. and Canadian exporters in the past seven days.

Droesch, the executive secretary and managing director of the Council, said his resignation will take effect March 31. A former senior VP of Royal Rubber & Manufacturing Corp., Droesch spent four years with the Council. He will return to his consulting business, he said.

A week ago, Bob Vereen announced his retirement from the group, after 30-plus years. Vereen was a former senior VP of the North American Retail Hardware Association.

 

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AHMA members report sales are up

BY HBSDEALER Staff

The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s Current Situation Index declined slightly in January to 270.8 from an all-time high of 291.7 in December (October 2008 = 100), while the Future Expectations Index improved to 250 from 224.1 a month earlier.

“The new year began on a positive note with 65% of our member respondents reporting sales above year-ago levels," said AHMA CEO Timothy Farrell.

In comparing current sales levels with year-ago levels, 65% of respondents said sales were higher in January versus year-ago levels, down from 70% in December. For January, 16% reported sales were even, and 19% said sales were below year-ago levels.

Looking forward six months, 61% of January respondents said they expect sales to be above current levels, up from 57% in December. In January, 35% of respondents said they expect sales to be even in six months, and 3% expect sales to be below current levels.

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