Steve Payne

A recent Wall Street Journal article revealed that Home Depot is looking to sub-lease four buildings, totalling 1 million square feet, from its U.S. warehouse network. “The changes come as Home Depot is targeting about $500 million in cost savings this fiscal year,” the WSJ reported.

RONA has announced new owners for its bannered store in Portage la Prairie, Man. They are Joel and Josh McPhail. RONA describes them in a release as “two accomplished sales management and business development executives, [who] are joining forces to carry out their retail project. Their experience spans a wide range of industries, including new housing construction, development, and property management.” The McPhails plan to open a new garden centre at the 49,000 sq.ft. store in spring 2025.

Castle Building Centres Group has announced the upcoming retirement of Sarina Kaluzny, VP of finance, at the end of 2024. “The Castle head office staff, along with our business development team and board of directors, honour Sarina and her incredible accomplishments throughout her illustrious career with Castle,” the company said in a release. Kaluzny has had a long career in finance and accounting, including her 17 years at Castle, since she joined Deloitte in 1979.

Home Hardware Stores Ltd. has announced the launch of the Beaver Homes & Cottages Secondary Suite Collection. The homes will, the company said, help homeowners “to create affordable living spaces, responding to the ongoing housing shortages and affordability challenges facing Canadians.”

Throwback Thursday is a regular weekly feature in which we dip into the archives of the Hardlines Weekly Report. In our Oct. 27, 2014, Hardlines Weekly Report, we updated our subscribers on the construction progress of what would be Canadian Tire’s biggest store yet. Part of the “Remarkable Retail” class of stores it was being […]

True Value Company reached an agreement with its vendors last week that will allow it to avert liquidation and hasten bankruptcy proceedings. In October, True Value announced that it planned a sale to Do it Best Corp.

Throwback Thursday is a regular feature in which we dip into the archives of the

Crown Building Supplies, which opened its third location in Burnaby, B.C., in September, has won an award from the local Surrey Board of Trade. Last week at the association’s business excellence awards gala, Crown won in the category of Employer Over 41 People. (Pictured: Gary and Jas Sangha, the co-owners of the pro-focused chain.)

Castle Building Centres Group has signed a new member, Competitive Building Supply Inc., in Brockville, Ont. The founder of this “venture into retail home improvement” is Cody Watkins, who for over a decade has run a contracting firm called Competitive Renovations Inc. It has a roofing and decks speciality, in addition to conducting other types […]

Throwback Thursday is a regular weekly feature in which we dip into the archives of the Hardlines Weekly Report. In our Nov. 17, 2014, Hardlines Weekly Report we ran a piece reporting on the comments from (then) Ace International president Bob Moschorak, who was of the opinion that buying groups like we have in Canada […]