Based on lower-than-expected DIY sales, partially offset by positive Pro customer comp sales, Lowe’s updated its outlook for the year.
Operations
Article
Yard Truck Parts Distributor Eagle Mark 4 Continues Expansion
Eagle Mark 4 has expanded its national operations by opening its first distribution location on the West Coast.
Metals Service Centers
Article
MiddleGround Combines Distributors Banner Industries, Castle Metals
Following the transaction close, Banner and Castle will continue to operate as independent brands
Strategy
Article
Shorehill Capital Raises $260M in ‘Fund II’
Distribution-focused private equity firm Shorehill Capital hit its funding target and will will continue to focus on the lower middle market.
Metals Service Centers
Article
Texas Tooling Supplier Fined $596K for Hazards
OSHA identified 58 safety and health violations at the machine shop, including three willful violations.
Association/Buying Group News
Article
ISA Opens Registration for ISA24, Highlights Agenda Items
ISA’s spring conference features an enhanced expo, plentiful networking, 2 mainstage keynotes, a trio of pre-con workshops and more.
Association/Buying Group News
Article
STAFDA Hosts 2,700 at Convention, Elects 2023-2024 Officers
Andrew Hartman leads the association’s 2023-2024 officers as STAFDA’s new president.
Hose & Hose Accessories Distribution
Article
ERIKS North America Acquires Branham Corp.
Striking in Louisville, it’s the second deal of the year for the fluid handling, sealing and material conveyance distributor.
Electronics
Article
Data: Electronic Engineers Say Supply Has Improved as Market Tightens
Avnet’s third annual Insights Survey revealed engineers’ growing optimism about supply chain conditions, but uncertainty about demand.
Contractor
Article
Home Depot 3Q Sales Continue Slide on Weaker Big-Ticket
The company said Pro customers outperformed DIY in the quarter, but by the narrowest margin in quite some time.
Legal & Regulatory Issues
Article
NAW, ABC Call on OSHA to Abandon Worker Walkaround Rule
Pushback has cited the potential for representatives from unions or other organizations to fulfill the proposed third-party inspector role.
Digital Commerce
Article
Amazon Business Survey: Most Procurement Leaders Expect Budgets to Increase in 2024
The B2B marketplace giant release the findings of its third annual State of Procurement Report. We detail some of the key stats.

