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Lowe’s Reports Q2 Sales, Names New CFO

Lowe's

Many changes are coming to Lowe’s. Today, the big-box retailer reported its second-quarter sales and earnings. The company also announced its decision to close all Orchard Supply Hardware stores, named its newest executive and revealed its strategic plans moving forward. …

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Orchard Supply Hardware to Close Nationwide

Orchard Supply Hardware

Orchard Supply Hardware, a hardware and garden chain with 99 locations in California, Oregon and Florida, will close nationwide by the end of fiscal year 2018, parent company Lowe’s confirms in its second-quarter 2018 financial results. In the earnings report, …

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Ace Hardware on Getting ‘Faster Than Amazon’

Ace Hardware

The Ace Hardware Fall 2018 Convention & Exhibits started Thursday with stories of retailers’ successes and generosity—and a promise from president and CEO John Venhuizen to improve the co-op’s logistics performance. Venhuizen spoke at the convention’s general session, which kicked …

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Sears CEO Makes Proposal to Buy Kenmore Brand

ESL Investments

ESL Investments, the hedge fund operated by Sears Holding Corp.’s CEO Edward Lampert, has made a formal bid to purchase the Kenmore brand from Sears, the Chicago Tribune reports. Earlier this year, it was reported that Sears was mulling the …

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New Jersey Retailer Opens Mini-UPS Store in Home Center

UPS

Printing, copying and shipping weren’t services Colmar Home Center offered a year ago, but that’s changed. Owner Michael Collins’ customers told him they had a need, and he realized a small store inside of his existing business could solve the …

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Can You Name That Old Tool?

old tool

The North American Retail Hardware Association (NRHA) has an interesting collection of old tools displayed throughout its Indianapolis headquarters. Some of the items may look familiar, and others may be completely new to your eyes. Can you tell what the …

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