MONTREAL — Quincaillerie Richelieu saw sales increase by 15.5% in the second quarter, reaching $190.8 million. The bulk of the growth was internal to the company, but it was also bosted by acquisitions. Last month, Richelieu acquired Single Source Cabinet Supplies, a speciality hardware retailer in Dallas. The acquisition gives Richelieu strategic access to the lucrative Texas market. Sales to manufacturers increased 14.3% during the period. The company bought back 143,000 shares totalling $8.7 million.
Richelieu posts Q2 growth
Most Recent
Most Read
HBC debuts Zellers locations
Fri, March 24th, 2023
Peavey sponsors Winter Fair
Fri, March 24th, 2023
Retail sales edge up in January
Fri, March 24th, 2023
Saskatchewan Ace store changes hands
Thu, March 23rd, 2023
Ace Canada holds virtual event
Thu, March 23rd, 2023
From the archives: Walmart Canada marks 20 years
Thu, March 23rd, 2023
Ontario TIMBER MART member enters Quebec market
Wed, March 22nd, 2023
Home Hardware unveils BeautiTone Colour of the Year
Wed, March 22nd, 2023
Newest Wolseley outlet to open in Ajax, Ont.
Wed, March 22nd, 2023
U.S. home resales log first rise in 12 months
Wed, March 22nd, 2023