BlueLinx Corporation’s Post

💥 Check out the article about our recent moves in the Oklahoma City Market!💥 #buildingmaterials #trex #lbmjournal

Jonathan Reynolds MP maybe its time for a review of the administration process? What I find hard to swallow is when companies say they put the customer first...until things go wrong! here are a few suggestions.. 1...print on all debit cards a warning that you are not covered by credit protection if things go wrong ( we can put warnings on cigarettes! ) 2.. Make it easy for anyone who lost money to at least claim the VAT part back from HMRC as they didnt get the goods or services they were paying for? 3...How can companies still trade when they are so much in debt? maybe the thresholds for administration need to be lower stopping a company trading if they owe so much! 4...Give all instore customers the exact same rights as online especially around changing your mind or a refund. And finally to companies out there who think they put their customers first, stop accepting debit or cash payments for pre orders, offer a pay on delivery day option and stop taking customers money when you know full well you are in trouble!

LL Flooring is the latest retailer to announce a Chapter 11 filing. Known for years as Lumber Liquidators, the company announced the closing of 94 stores with plans to keep 300 units open. The company started out as a "closeout" retailer selling excess wood from other companies. The company rebranded to the LL Flooring brand in 2020. LL Flooring's announcement runs parallel with Big Lots announcement of closing 315 stores. The roots of both retailers harken back to selling closeout goods providing great margins and favorable prices to their customers. It's difficult to scale up a retail business with foundation built around closeouts. TJ Maxx & HomeGoods have mastered their evolution from the closeout business more so than others to date. Let's hope that LL Flooring and Big Lots can continue to find the right mix of inventory that works for their respective businesses and their customers. #retail #retailnews #retailtrends #closeouts #bankruptcy #cre #flooring https://lnkd.in/gnxBtuJA

Would You Buy A Retail Store if Repco is leasing it? M: So jazz we've been talking a lot about properties commercial properties but commercial properties has so many different subclasses so generally what would you say would meet a good type of property to invest in your clients. J: So look ideally we want to buy industrial class assets for our clients M: Industrial class J: Yeah industrial warehouses freehold if we can also at the same time some small shopping complexes okay someone with a great retailer like repco could be bunnings could be warehouse could be any of those massive companies we don't mind doing that we don't shy away from retail but we'll be very very careful when it comes to investing in retail. #propertyinvesting #propertystrategist #commericialproperty

Harbor Freight Tools is a shining example of how a retailer can reposition themselves. Just a few years ago, no argument could be made for a serious comparison between The Home Depot and Harbor Freight Tools. With the downfall of Sears, Harbor Freight Tools repositioned their Pittsburgh tool line to fill in the gap left by Sears, then introduced new brands to both increase their current market segment while gaining a significant share of other segments of the tool market where they previously had not been a player. Harbor Freight Tools is an excellent example of how a retailer can expand market share within both their current segments and secure a leading market position within new segments where they had vertually no presence within the maketplace. #tools #toolshop #retail #retailing #retailers

Lumber Liquidators started in the back of a pick up in 1994. Lots of stores soon to be vacant or struggling like many other retailers. This article covers all the bankrupt household names and retail storefront closures so far in 2024. It’s a trend you need to follow…. Razors edge net retail margins of 2-4% for many retail / fast casual / c-store outlets right? What of you could better manage your energy consumption and save $60k annually straight to the bottom line??? Grow NOI by managing and conserving operating costs…… #ERM #LowMargin #Retrofit #Energy #commercialrealestate #renorealestate #retail

🔴 Breaking news alert: Carpetright, the UK's leading flooring retailer, is at risk of collapsing, jeopardizing 1,800 jobs. This recent development emphasizes the challenges facing the retail sector. As the competition grows intense, it is imperative to adapt and innovate to stay afloat. #RetailCrisis #BusinessChallenges #AdaptAndInnovate https://ift.tt/pTnFvQk

Love stories like this one, companies that start from scratch and carve a niche toward success. What lessons have you learned on your journey toward achieving your goals? #southcarolina #manufacturingindustry #manufacturing

With a single storefront location in Muncie, Indiana, The Knapp Supply Company Inc since 1874 has firmly established itself as one of the nation’s rare independent, family-owned and -operated wholesale distributors in the PHCP industry celebrating more than a century and a half in business. Learn more about the company's enduring legacy and commitment to quality and personal service in Editor Ruth Mitchell's feature for #TheWholesaler!

Likewise sees higher half-year sales and market share gain Flooring distribution group Likewise Floors has told shareholders that it has continued to see strong sales growth, although the increases have eased. Sales increased by 8.5% in the six months to 18 June 2024, with sales in the Likewise branded businesses increasing by 14.6% (including a 19.7% sales increase for Likewise Floors). This compares with rises of 8.7% and 15.3% respectively in the four months to the end of April. ‘While market conditions remain challenging, Likewise is confident of further overall sales increases in the traditionally busier second half of the year. Likewise Group is committed to investing in sales and marketing, with an improving return anticipated in the coming years as we recognise there are many opportunities before us in the UK flooring market. Furthermore, the board believes this will ultimately create a much larger business in future years,’ says Tony Brewer, Likewise chief executive. #flooring #flooringindustry #flooringgroup