Lowe’s has named Marvin Ellison, former chairman and current CEO of J.C. Penney Co., as president and CEO, effective July 2. In March, Lowe’s announced a search for a new chief executive to replace retiring chairman, president and CEO Robert …
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Do it Best Spring 2018 Market Focuses on Program Enhancement, Expansion
The 2018 Do it Best Spring Market focused on programs and products that help independent home improvement retailers operate strong businesses in today’s market. The market, May 18-21 at the Indiana Convention Center in Indianapolis, gave retailers from throughout the …
Read More »Amazon Brick-and-Mortar Stores Going to Chicago, San Francisco
Amazon is expanding Amazon Go, its brick-and-mortar store concept that uses video cameras and mobile devices to eliminate the need for cashiers. The e-commerce retailer has been investing heavily in physical stores, buying the Whole Foods grocery chain for nearly …
Read More »Walmart Sees Sales Growth, Popularity of ‘Converged Experience’ in Q1
Walmart reported sales and revenue increases for its first quarter of 2018, with growth in its U.S., international and e-commerce segments. U.S. sales were $77.7 billion during the quarter, an increase of 3.1 percent above the same time period in …
Read More »Former Sears Brand Now Available at Lowe’s
The Craftsman tool brand, previously owned by Sears, has introduced a select line of products in Lowe’s stores and on its website, Lowe’s has confirmed. According to Lowe’s, “select CRAFTSMAN mechanics tool sets, tool storage, garage organization, flashlights and pressure …
Read More »Hardware Retailing Needs Your Feedback
Hardware Retailing wants your feedback to know what it can do to become a better, more informative resource for independent home improvement retailers. Our top priority is providing the best possible resources across the platforms you use most. To make …
Read More »Home Depot Reports Increase in Sales During First Quarter
Home Depot released its first-quarter 2018 financial results May 15, reporting an increase in sales. The company achieved $24.9 billion in sales during the quarter, for a 4.4 percent increase above the same period in 2017. By April 29, Home …
Read More »2018 National Hardware Show® Highlights Innovation, Ideas
Last week, the city of Las Vegas brought the heat in many ways. In addition to warm weather, the 2018 National Hardware Show® and the North American Retail Hardware Association’s (NRHA) All-Industry Conference presented a sizzling showcase of unique products, …
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