In its first-quarter 2020 financial results, big-box retailer Target reports total revenue of $19.6 billion, an 11.3 percent rise from the same period in 2019. While its stores remained open amid COVID-19 in the U.S., Target also experienced significant digital …
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Lowe’s Q1 2020 Sales Rise 11%
Big-box home improvement chain Lowe’s has announced net sales of $19.7 billion in the first quarter of 2020, an 11.3 percent increase over the same period in 2019. Sales grew more than 23 percent over results from the fourth quarter …
Read More »Home Depot’s Q1 2020 Sales Climb 7%
Big-box home improvement retailer Home Depot announced first-quarter 2020 sales of $28.3 billion, representing a 7.1 percent increase from the same period in 2019, according to the company. The total sales for the first quarter of 2020 are more than …
Read More »Ace Hardware Reports Record Revenue in 2019
Ace Hardware Corp. has announced its 2019 financial results, highlighting a year of record revenue for the company. In total, Ace reports 2019 revenue of $6.1 billion, up 7 percent from 2018’s total revenue. The figure marks Ace’s highest revenue …
Read More »Community Rallies Around Local Independent Business
Hardware Retailing is sharing select stories of independent businesses outside the home improvement industry to see how owners are grappling with operational changes amid COVID-19. Read on to discover how one bookseller in Michigan is continuing to forge community connections. …
Read More »Lowe’s Reports $16B in Q4 2019 Sales
Big-box home improvement chain Lowe’s has released its financial results for the fourth quarter of 2019, indicating sales growth compared to the same period in 2018. In total, Lowe’s posted $16 billion in fourth-quarter 2019 sales, up 2.5 percent from …
Read More »Boyden Moore, Orgill’s New President and CEO, Discusses the Future
At the beginning of this year, Orgill Inc. completed the next phase in its leadership transition. Boyden Moore took the reins of the Memphis-based distributor as its new president and CEO, while the man who formerly occupied that role, Ron …
Read More »E-Commerce Sales Rise 18.8% in Holiday Season
Holiday sales grew 3.4 percent over 2018 levels, according to new data from Mastercard SpendingPulse reported by the Chicago Tribune. Notably, e-commerce sales grew by 18.8 percent, “marking the continuing change in how people shop,” according to the article. Sales …
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