Power tools sales rise for Makita
Net sales grew 11.6% for Makita in Q2 (three months ending 30 June 2017). Sales reached 113,064 million yen, up from 101,276 million yen in Q2 2016, like-for-like. Makita noted gradually recovering economies in developed countries – and uncertainties around the “international political situation and policies”. However, emerging countries saw their economies steadily grow on […]
‘Q2 felt more like Fastenal’ says fastener distributor boss
Net sales have risen for Fastenal, which has now published its latest financials, covering the first half of 2017 and Q2. Q2 net sales were up 10.6% to $1,121.5m, with profit up 11.3% to $558.5m. First half 2017 net sales reached 2,169.2m, up 8.4% , while profit rose 8.4% to 1,076.5. Higher unit sales drove […]
STAFDA sees ‘overwhelming demand’ for 2017 Convention & Show
US-based Specialty Tools & Fasteners Distributors Association (STAFDA) has seen unprecedented demand for its 2017 Annual Convention & Trade Show, which takes place in Austin, November 12-14. On opening day of registration, numbers were 45% ahead of last year’s 2016 Atlanta Convention opening day. Thanks to the overwhelming demand, assigning booths has been a slow […]
30,000 headed to Las Vegas’ National Hardware Show
In May, more than 30,000 industry professionals, including over 2,600 exhibitors, gathered at the Las Vegas Convention Center for the National Hardware Show. This year’s Show drew worldwide attendance from members of the hardware and home improvement industry searching for new products and the opportunity to network with exhibitors and other retailers. The show has a solid background in the […]
Nominations now open for NIFMSE Fastener Hall of Fame
You’ve got less than a month to make a nomination for the NIFMSE’s 2017 Fastener Show Hall of Fame. Individuals will be recognised at a special event during NIFMSE (the National Industrial Fastener & Mill Supply Expo), which has a new home for 2017, at the Las Vegas Convention Center, when it returns 17-19 October. Established […]
Fastenal’s fastener sales grow 6.7%
Fastenal’s May results revealed a rise in net sales of 14.9% to $383 million from $334 million. North America’s largest fastener distributor saw fastener sales grow 6.7% – or 3.1% excluding the acquisition of Mansco. The Mansco acquisition saw Fastenal add 118 stores in April 2017. The total store count now stands at 2,484 – down from last […]
US hardware giant Lowe’s acquires Maintenance Supply Headquarters for $512 million
Retail home improvement store giant Lowe’s has agreed to acquire Maintenance Supply Headquarters of Houston, Texas – a distributor of maintenance, repair and operations (MRO) products to the multifamily housing industry – for 512 million. Maintenance Supply Headquarters operates 13 distribution centres serving customers in 29 geographic areas, primarily in the western, southeastern and south central […]
Bossard opens first Design Centre in California
Bossard Americas has opened the doors to its first-of-its-kind Bossard Design Centre (BDC) in Milpitas, California. The 300m2 facility is designed to find and design the right solutions for customers and support them throughout the process – from design to final assembly testing. The BDC also includes a 140m2 seminar room for up to 85. […]
Hitachi Power Tools wins US distributor award for 5th consecutive year
Hitachi Power Tools (Hitachi Koki USA) has been recognised for highest sales achievement by Sphere 1 members, a co-operative of independent tool, fastener and concrete accessory distributors in the USA. It is the fifth year in a row that Hitachi has received the honour and this year won the top award over 104 other Sphere […]
BUFAB USA opens new office and warehouse in Atlanta
Suwanee, Atlanta is the site of a strategic new office and warehouse for Bufab USA. The new facilities will complement Bufab’s USA HQ in New York and have been launched following growth in North America. Bufab said: “Atlanta is an important Hub for the industry in the southeastern part of the US and we can […]