Walmart is planning to slash more than 1,000 corporate jobs this month, The Wall Street Journal reports. The news comes shortly after the big-box retailer announced plans to raise its hourly minimum wage and close 63 Sam’s Club locations. “We’ve …
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NRF: 2017 Holiday Sales Exceed Expectations
The National Retail Federation (NRF) says increased wages, consumer confidence and strong employment contributed to holiday sales that exceeded expectations in the final two months of 2017, the organization reports. According to NRF data, sales in November and December were …
Read More »House-Hasson Upgrades Tech to Boost Efficiency, Store Owner Profitability
Mobile computers and headsets in House-Hasson Hardware’s corporate headquarters warehouse and upgraded electronic scanners for the company’s independent hardware stores and lumberyards will enable 20 percent faster response to orders and speed retailers’ ability to get items on shelves, the …
Read More »NRF 2018: Annual Show Highlights Retail Today, Tomorrow
Thousands of people from around the world gathered in New York this weekend at the National Retail Federation’s (NRF) annual industry event to focus on the ever-changing retail landscape and how retailers can keep up. The trade association’s 107th annual …
Read More »Comment Period Open on Proposed Small Business Health Care Rules
In October, President Donald Trump signed an executive order that asked the Department of Labor to establish rules to allow small businesses within the same industry or geographic area to form associations across state lines to access less expensive health …
Read More »Sears Borrows Millions More From CEO, Plans Further Liquidity
Sears borrowed $100 million more from CEO Edward Lampert’s investment companies and may get an even bigger loan through a new agreement, according to a document filed with the Securities and Exchange Commission. The loan agreement gave Sears an initial …
Read More »International Builders’ Show Features Smart Products, Interactivity
Building materials and luxury design items were just some of the products on display Jan. 8-11 when the National Association of Home Builders (NAHB) welcomed thousands to Orlando, Florida, for Design & Construction Week. The week featured the International Builders’ …
Read More »Walmart to Close 63 Sam’s Club Locations, Lay Off Thousands
Walmart unexpectedly announced it is closing 63 Sam’s Club locations across the U.S., potentially impacting up to 11,000 workers, Business Insider reports. According to Business Insider, many employees were unaware of the store closures until showing up for shifts to …
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