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Softwood lumber letter deadline nears

Sept. 7 is the deadline for senators to sign softwood lumber letter.

BY HBSDealer Staff

The National Lumber and Building Material Dealers Association (NLBMDA) said the deadline for senators to sign-on to the softwood lumber letter is Sept. 7.

The NLBMDA is also urging dealers can take action by contacting their senators and ask them to sign a bipartisan letter to Commerce Secretary Wilbur Ross and Ambassador Robert Lighthizer, the U.S. Trade Representative, which encourages U.S. trade officials to return to the negotiating table and reach a new softwood lumber agreement with Canada.

To date, the letter authored by senators Jim Inhofe (R-OK), Jack Reed (D-RI) has been signed by senators Joe Donnelly (D-IN), Cory Gardner (R-CO), Lindsey Graham (R-SC), Heidi Heitkamp (D-ND), Doug Jones (D-AL), Joe Manchin (D-WV), Chris Murphy (D-CT), and Mike Rounds (R-SD). A copy of the letter can be found here.

This past June, 171 lawmakers in the House of Representatives sent a letter to Ross and Lighthizer asking that the U.S. renew discussions with Canada to end the softwood lumber dispute. NLBMDA led the effort on the letter, and supports reaching an agreement on the longstanding U.S. and Canada softwood lumber dispute that brings stability and predictability to the pricing and availability of softwood lumber without the imposition of duties.

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Tractor Supply celebrates at the exchange

Celebrating its 80th anniversary, TSC executives ring the Nasdaq stock market closing bell.

BY HBSDealer Staff

Tractor Supply Company rang the Nasdaq stock market closing bell in celebration of the company’s 80th anniversary of operations.

“For eight decades, Tractor Supply Company has been committed to serving our unique niche of rural lifestyle customers, and we are honored to be able to commemorate this special milestone at the Nasdaq MarketSite,” said Greg Sandfort, CEO of Tractor Supply Company. “Since our humble beginnings in 1938, Tractor Supply has seen tremendous growth and success thanks to our hard-working and knowledgeable team members who provide legendary customer service every day to those living the Out Here lifestyle. It is my pleasure to thank our loyal customers and team members, the communities who have welcomed us and our shareholders for believing in our brand.”

Tractor Supply Company was founded in 1938 by Charles E. Schmidt as a mail-order business for tractor replacement parts. The company opened its first store in Minot, N.D. Dakota in 1939 and its 100th store in Hutchinson, Kan. in 1964.

Since then, Tractor Supply has grown to become the largest rural lifestyle retail chain in the United States. The company now maintains more than 1,725 stores in 49 states along with a strong e-commerce platform.

This past July, Tractor Supply reported second quarter 2018 net sales increased 9.7% to $2.21 billion from second quarter 2017 net sales of $2.02 billion. The Brentwood, Tenn. home improvement and farm and ranch specialty retailer also reported that its net income for the second quarter increased 29% to $207.3 million from a net income $160.6 million for the same period last year. Comparable store sales increased 5.6% during the quarter

“With 80 years under our belt, we are constantly evolving to move Tractor Supply forward, leveraging our physical store assets with digital capabilities in new ways. Through our ONETractor strategy, we are focused on delivering personalized, convenient shopping experiences anytime, anywhere and in any way our customers choose to shop. We are excited about the opportunities ahead and look forward to continuing to serve this lifestyle that we love.”

Despite its name, Tractor Supply does not sell tractors. Instead, product assortments include everything rural lifestyle customers need to maintain farms, ranches, homes and animals.

Tractor Supply went public on the NASDAQ under the ticker symbol TSCO in 1994. Since last ringing the Nasdaq opening bell in 2013, Tractor Supply’s net sales have increased 40%. Shares of Tractor Supply finished trading at $90.92 today, up 2.88% or $2.54 per share.

In 2016, the company acquired Petsense – a small box pet specialty supply retailer, which has since grown to 174 stores in 27 states.

Tractor Supply achieved another milestone in 2018 when it opened its store number 1,700 in Mocksville, N.C.

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ABC Supply identifies window trends

Dark colors, energy efficient options are among the top window trends, according to ABC Supply associates.

BY HBSDealer Staff

ABC Supply has made a point of telling its customers that the company sells a lot more than just roofing materials.

With more than 700 locations in 49 states, the company sells a wide array exterior and interior building products, tools, and supplies, including windows. Because windows are an integral decision for homeowners, whether its new residential construction or replacement windows, ABC Supply recently looked to its associates for feedback.

The company asked associates to identify what types of window trends they are seeing at ABC’s locations. Here’s was they said:

Dark Colors: Frames in dark colors, like black and bronze, are one of today’s biggest window trends, as their neutral color pairs well with many different styles. Dark-colored window frames add contrast to a home and draw attention to the windows. If a house has a dark-colored roof or doors, matching dark window frames can pull all the elements of the home’s exterior together. Dark-colored frames are available in many materials, including wood, fiberglass and vinyl, so choosing a dark color won’t limit a customers’ options.

Mid-Century Modern Style: The rise of mid-century modern design has led to an increasing trend in homes featuring large, linear windows with big swaths of glass. Some homeowners enjoy floor-to-ceiling windows because they let in plenty of natural light, and can frame a beautiful view in a homeowner’s yard, ABC Supply said. In the past, large windows meant drafty homes and high energy bills, but recent innovations in window and home construction mean windows are now better barriers to the elements.

Impact-Resistant Windows: Protecting homes from hurricanes and tropical storms is in the forefront of the decision-making process for customers in coastal areas. Many times, code requirements state that homeowners need impact-resistant windows when building or remodeling. Impact-resistant windows offer additional storm protection for a home. Even outside of coastal areas, impact-resistant windows are popular. As with hurricanes, these windows can reduce the damage caused by high winds and tornadoes. Impact-resistant windows are also a great security measure, while preventing easy break-ins.

Energy-Efficient Options: In line with building trends overall, energy-efficient window options have been on the rise for years. For remodelers looking to upgrade windows, but who are limited by the existing window opening size, premium energy-efficient windows may be the way to go, ABC Supply said. While energy-efficient windows typically cost more upfront, they can yield savings for homeowners. Replacing a home’s windows with energy-efficient ones can help homeowners save on the cost of heating and cooling their homes, and there are even tax incentives for choosing them. Adding energy-efficient windows can also increase a home’s resale value.

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