Sears Holdings Corp. reported a 20 percent year-over-year revenue loss in its first-quarter financial results, which the company attributed to having fewer operational stores. The struggling retailer also noted an 11.9 percent decline in comparable store sales. Kmart stores lost sales in …
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Lowe’s reported growth in its first-quarter financial results for the year, which the company released Wednesday. The company’s first quarter ended May 5. The big-box home improvement retailer reported sales growth of 10.7 percent over the same period last year, …
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This week, Sears Holdings Corp. filed a lawsuit against one manufacturer and lost a suit brought by a different toolmaker. In a company blog post from May 15, Sears Holdings chairman and CEO Edward Lampert announced that the company would be “taking a …
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In late March, Walmart announced its latest technology endeavor, Store No. 8, which was established to incubate startup companies, reports Forbes. According to Forbes, it will fund e-commerce startup companies. “We’ll be bringing in entrepreneurs and giving them capital,” says Jet.com …
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Target released its first-quarter financial results Wednesday, citing a comparable sales decline of 1.3 percent over sales in the first quarter of 2016. Target chairman and CEO Brian Cornell says the company performed better than expected in the first three …
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The National Retail Federation (NRF) released data late last month projecting Mother’s Day spending to reach a record $23.6 billion. NRF partnered with Prosper Insights & Analytics to conduct its annual survey of Mother’s Day shoppers, discovering the 14-year record …
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Independent We Stand, a movement committed to strengthening small businesses throughout the country, recently completed its annual road trip in celebration of locally owned businesses. During the road trips, Independent We Stand travels to five cities in five states in five days, visiting …
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The National Hardware Show® today announced the top 10 finalists for the first Reimagine Retail program, which will award $100,000 to an independent home improvement retailer to invest in a business improvement project. More than 100 retailers submitted plans to improve …
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