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Milwaukee debuts latest M18 drill and impact driver

The tools feature a completely redesigned motor, along with updates to the mechanical and electrical components within them.

BY HBSDealer Staff

This past May, Milwaukee Tool announced the “Next Breakthrough in M18 FUEL” with the next generation of its best-selling M18 FUEL Hammer Drill, Drill/Driver, and Impact Driver.

The tools feature a completely redesigned motor, along with updates to the mechanical and electrical components within them. The manufacturer is now upgrading its M18 Compact Brushless Drill/Driver and Impact Driver and introducing a brand-new line of M18 Brushless Drills and Impacts.

Launching in September, Milwaukee’s M18 Brushless drilling and fastening solutions offer more power for demanding applications and longer run time. The M18 Brushless 1/2″ Hammer Drill features 725 in-pounds of torque. The M18™ Brushless 1/4″ Hex 3-Speed Impact Driver features 3-mode Drive Control and single-hand bit insertion for more control. Built-in RedLink power tool technology paired with M18™ RedLithium XC4.0 batteries ensure these tools provide efficient power with longer run-time. An all-metal gear case and 1/2″ metal chuck provide maximum durability.

Rolling out in August, Milwaukee’s new generation of M18 Compact Brushless drilling and fastening solutions provide users with compact size for access into tighter spaces and longer run-time to ensure maximum productivity on the jobsite. The M18 Compact Brushless 1/2″ Drill/Driver has an all-metal chuck and gear case and is only 6.5” in length making it more compact. The M18 Compact Brushless 1/4″ Hex Impact Driver is the most compact in its class, measuring a mere 5.1″ in length, and delivers 1600 in-pounds of torque. These products also feature an all-metal chuck and gear casing for the durability demanded on the jobsite.

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Growth continues at Tractor Supply

BY HBSDealer Staff

Throughout retail, few companies are expanding their brick-and-mortar footprint faster than Tractor Supply Company. The 1,700-store farm and ranch giant opened more than 100 stores last year and plans to add 80 more in 2018.

The latest example of Tractor Supply opening took place in Clearlake, Calif., where store manager Vernon Parker described the appeal of the company. “At Tractor Supply, community is at our core and we understand the value of building a team with local roots,” said Parker. “Our Clearlake team members live the rural lifestyle just like our customers and serve as a resource to equip them with the products and seasoned advice they need for ‘Life Out Here.’”

According to an article in the Lake County News, the store will celebrate its opening over the long weekend July 19-22. Customers get 10-percent off all purchases made at the store, plus the chance to participate in events and giveaways.

Among the big brands on the shelves are Purina, Carhartt, Blue Buffalo and Hobart. And in keeping with its rural service mission, the store will offer a pet wash station where customers will have access to professional grade wash bays, grooming tables and tools.

Like many other Tractor Supply locations, the Clearlake store points to a long list of farm-and-ranch and community activities to build customer relations. Among them: partnerships with local animal shelters, 4-H clubs and Future Farmers of America chapters.

Tractor Supply posted sales of $1.68 billion in its first quarter, up 7.6% from the previous year

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Eye on Retail: Tax law glitch puts strain on store renovations
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Eye on Retail: Tax law glitch puts strain on store renovations

BY Marianne Wilson

A drafting error in the new tax law is causing some retailers and restaurant owners to delay their renovation and improvement plans.

As written, the law allows companies to write off renovation costs (made to non-residential real estate) over 39 years. The authors of the tax law had intended for the businesses to be able to write off the full costs of the improvements in one year.

A group of more than 100 retailers, restaurants and trade groups, including the National Retail Federation and Retail Industry Leaders Association, have urged Congress to take “quick action” to make two technical corrections to law.

“The delay in correcting these provisions has caused economic hardship for some retailers and restaurants and is also delaying investments across the economy that impact the communities in which these companies are doing business,” the businesses and groups said in a letter sent in June to the top Republicans and Democrats on the congressional tax-writing committees.

One of the technical corrections sought by the group has to do with the renovation write- off.

“This very large difference in the after-tax cost of making improvements is causing a delay in some store and restaurant remodeling projects, as well as causing some retailers to decline opportunities to purchase or lease new store locations that would require substantial improvements,” the retailers and restaurants stated in the letter.

The second correction is related to the effective date of a provision that generally bans businesses from carrying back net operating losses to prior years. Lawmakers had intended for the ban to take effect for taxable years starting after Dec. 31, 2017. But the law instead says it applies for taxable years ending after Dec. 31, 2017.

Republican leaders have acknowledged the mistakes, but there is no quick fix in sight at this point as the corrections would require consensus across the aisles.

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