HBSDealer Stock Watch: Tuesday’s slight rebound
|The majority of hardware and building supply stocks finished the day higher on Wall Street on Tuesday after an even split on Monday. Out of 30 stocks tracked, 20 finished in the green. The day’s biggest movers were HBP (down 3.36%), JELD (up 2.58%) and LL (up 3.68%).|
|BLDR (Builders FS)||20.77||+2.32%|
|BMCH (BMC Stock)||21.75||+0.46%|
|CENT (Central Garden)||43.83||+0.37%|
|DE (Deere & Co.)||157.58||+0.57%|
|HD (Home Depot)||201.32||+0.84%|
|LL (Lumber Liquidators)||25.67||+3.68%|
|SMG (Scotts Miracle-Gro)||86.82||-0.03%|
|TSCO (Tractor Supply)||75.78||-0.18%|
|UFPI (Universal Forest)||39.21||+0.08%|
Report: Home Depot to undertake billion-dollar supply chain upgrade
Home Depot is embarking on an ambitious and costly supply chain upgrade as it looks to speed up the delivery of goods to consumers.
The home improvement giant plans to spend $1.2 billion during the next five years on supply chain initiatives, including adding 170 distribution facilities, reported The Wall Street Journal. The facilities will include dozens of direct fulfillment centers for next-day or same-day deliveries, according to the report.
Mark Holifield, Home Depot’s executive VP of supply chain and product development, told a logistics industry conference that the retailer is realigning its supply chain to a changing retail landscape, the Journal reported.
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Hancock Lumber provides student tour
Students from the Fryeburg Academy tour an Eastern White Pine operation.
Hancock Lumber recently hosted students from the Fryeburg Academy.
During the visit, students toured Hancock’s Eastern White Pine operations in Casco, Maine. The tour was part of a three-week program aimed at giving students different perspectives of the local economy. Students also visited several community-based operations including an energy plant, recycling center and water treatment facility.
Hancock’s portion of the tour included demonstrating how raw materials are turned into finished boards, packaged and then shipped to customers.
Last year, another class from the Fryeburg Academy toured Hancock’s Ryefield sawmill. Located in Fryeburg, Maine, the academy is one of the oldest private boarding schools in the United States.
Based in Casco, Hancock Lumber operates 10 retail locations in Maine and New Hampshire. The company also operates three sawmill plants in Maine as well as three Home Again design centers.