As news hit that the U.S. gross domestic product—a measurement of the production of goods and services—contracted 32.9 percent in the second quarter of 2020, the National Association of Home Builders (NAHB) reports housing could be on the frontlines of …
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Walmart to Eliminate Hundreds of Corporate Jobs
Walmart is cutting hundreds of corporate positions as it merges its online and store businesses in the U.S., reports CNBC. The big-box retail chain has not disclosed how many corporate positions will be affected by the cuts, but the eliminated …
Read More »Discover 3 Benefits From the Cost of Doing Business Study
There are only days left to participate in the Cost of Doing Business Study, an annual financial benchmarking tool that delivers powerful data to independent home improvement center, hardware store and lumberyard operators. Each year, independent operators across the U.S. …
Read More »Tractor Supply Co. Posts Record Sales and Earnings in Q2
Big-box home improvement chain Tractor Supply Co. announced its second-quarter 2020 financial results, reporting record sales and earnings. In total, the company’s net sales for the second quarter of the year hit $3.2 billion, a 35 percent increase over the …
Read More »Briggs & Stratton Files for Bankruptcy Protection
Briggs & Stratton has entered into a sale agreement and initiated voluntary company reorganization under Chapter 11. Headquartered in Milkwaukee, the company is the world’s largest manufacturer of gasoline engines for outdoor power equipment and was founded in 1908. An …
Read More »Home Improvement Big Boxes Requiring Customers to Wear Masks
Many major retailers, including big-box home improvement stores, are asking shoppers to wear masks in their stores to prevent the spread of COVID-19. Learn more about how Home Depot, Lowe’s and Walmart are approaching this new policy in their stores. …
Read More »CDC Guidance for COVID-19 Cases in the Workplace
As the U.S. passes more than 3.7 million confirmed cases of COVID-19 nationwide, understanding how an employee testing positive will affect your business is crucial. The Centers for Disease Control and Prevention (CDC) have released an FAQ to help business …
Read More »4 De-escalation Strategies for Retail Workers
In the past few weeks, a spate of confrontations at retail establishments has made clear the importance of training your team to de-escalate potentially hostile situations. Helping employees at all levels calm customers and soothe situations can be a critical …
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