Industry News

When Peter Loveland heads to work, he knows he’s walking in the footsteps of family members who came before him. Loveland is the fifth generation to manage his family’s home improvement business, Maze Lumber. Founded in Peru, Illinois, in 1848 …

Sears Hometown and Outlet Stores Inc. will close up to 100 of its 882 stores, the company announced in its first-quarter 2018 financial results. Sears Hometown and Outlet Stores is a Sears spinoff company that mainly sells appliances, hardware, tools …

A new survey from the National Retail Federation (NRF) and the University of Florida says that retail shrink, or losses from theft, fraud and other causes, decreased in 2017. Financial losses from retail shrink were $46.8 billion in 2017, down …

When customers arrive at Oak Hill Hardware in Scarborough, Maine, they know they’ll be greeted with a smile and a wagging tail. Black Lab mix Rivet is a local celebrity, sought out by children and adults who drop in sometimes …

Walmart is offering to pay for employees’ college tuition, books and fees if they pursue degrees in business or supply chain management, according to the company. “Investing in the personal and professional success of our associates is vital to Walmart’s …

Lowe’s is requiring its salaried managers and assistant managers to sign binding arbitration agreements or possibly lose their bonuses, the HuffPost reports. The contract prevents employees from pursuing legal action against the big-box retailer in court or joining any class-action lawsuits …

TreeHouse, an environmentally friendly home improvement chain with three locations in Texas, is closing its original store in Austin, according to an article from the Dallas Business Journal. On May 14, TreeHouse posted a statement about its decision to close …

Lowe’s Companies, Inc. announced June 4 that chief financial officer Marshall Croom plans to retire from the company Oct. 5. Croom took the job of CFO in March 2017, replacing Robert F. Hull Jr. in the position when Hull retired. Croom …