Industry News

Lowe’s Cos. Inc. has announced that Richard D. Maltsbarger, Lowe’s chief development officer and president, international, has been named the company’s chief operating officer (COO), effective Feb. 3, 2018. Maltsbarger will succeed Rick D. Damron, who has served in the …

Earlier this fall, Independent We Stand, a movement that exists to support independent businesses, kicked off its contest to help recognize locally owned small businesses that have gone above and beyond to deliver great customer service and community support. After …

2017 is shaping up to be a better year than 2016 for Lowe’s, with sales and earnings increasing in its first nine months, including in the third quarter. Net earnings for the first three quarters were $2.9 billion, versus $2.4 …

Facebook Community Boost, a new program that aims to help small business employees learn how to use Facebook to connect with customers and increase business, will sweep through 30 U.S. cities in the next year, USA Today reports. Facebook plans to …

True Value Co. released its third-quarter financial results Nov. 16, reporting a 3.3 percent increase in comparable store sales. The co-op also reports comparable sales at Destination True Value stores are up 4.2 percent. “We are very pleased to see these …

Ace Hardware Corp. reported growth in revenue and net income for the third quarter of 2017. The cooperative released its financial results Nov. 16, calling revenues of $1.34 billion a record for the company. Revenue for the quarter grew 9.1 percent …

Walmart is testing a pricing strategy to boost margins for online purchases and drive in-store sales, reports The Wall Street Journal. The big-box retailer is selling products online at slightly higher prices than the same product in its stores as …

In its third-quarter financial results released Nov. 14, The Home Depot says sales related to hurricanes “positively impacted comparable store sales growth by approximately $282 million.” The big-box home improvement retailer beat analysts’ projections for its overall sales and its comparable store sales …