Big-box retailer Home Depot reported today better-than-expected third-quarter profits and sales, topping analysts’ predictions. The company announced sales of $23.2 billion for the third quarter of fiscal 2016. This is a 6.1 percent increase from the third quarter of fiscal 2015. Comparable …
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Enduring Traditions: Military Service and Hardware
Residents of Ellicott City, Maryland, patronize Clarks Ace Hardware for reasons beyond their latest home improvement project. Shopping at the store allows them to support a local, family-owned business. The business has a team of hardworking individuals, many of whom are …
Read More »True Value Announces Year-to-Date Growth Through Q3
This week, True Value Company reported both revenue and gross billings increases for the first nine months of 2016. The home improvement co-op posted year-to-date gross billings of $1.59 billion as of Oct. 1, up 1.6 percent or $25.6 million. Revenue was $1.16 billion …
Read More »Google Is Making Mobile Payments Faster
Android device users who have abandoned mobile shopping carts to avoid typing in passwords or credit card information will soon have an alternative. Google has partnered with MasterCard and Visa in an effort to make mobile payments faster and easier to complete, starting in 2017. …
Read More »Will Walmart Price Cuts Shake Up Retail?
Walmart is implementing some deep price cuts on products, and the effects could be far reaching. Companies impacted the most by the big-box retailer’s slashed prices include Target, Family Dollar and Dollar General, which may see lower earnings if they drop prices to compete, Business Insider reports this …
Read More »Retailer Promotes Pumpkins for a Purpose
Pumpkins may sell well as seasonal decor, but at Akard True Value Hardware, they also promote good causes. Since 2013, the Zionsville, Indiana, store has promoted Pumpkins for a Purpose, a fundraiser and pumpkin painting contest. Organizations and people from the community bring to the …
Read More »China International Hardware Show Adds Enhancements
This month, more than 50,000 people will gather in Shanghai, China, to attend the China International Hardware Show (CIHS) 2016. Now in its 16th year, enhancements to the show will provide a more convenient experience for both exhibitors and visitors. CIHS 2016 will take place Oct. …
Read More »Who Is Bidding on Sears’ Craftsman Business?
As Sears continues to search for ways to make its business profitable again, a bidding war may be underway for the company’s Craftsman tool business, Bloomberg reports. Earlier this year, Sears announced it was looking to generate more cash through its Craftsman, Kenmore …
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