Menards has avoided another labor law violation with the National Labor Review Board’s decision on Nov. 17 that the retailer accurately categorized its delivery drivers as independent contractors instead of as employees. According to the complaint, drivers contracted by Menards (whether …
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Industry Groups, Retailers, Lawmakers Divided on Tax Reform
The U.S. House of Representatives on Nov. 16 passed its tax reform bill, called the “Tax Cuts and Jobs Act,” sending the bill to the Senate for consideration, which is also deliberating its own tax reform bill, The New York …
Read More »Lowe’s Appoints New Chief Operating Officer
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 …
Read More »Retail Contest Announces 25 Quarterfinalists, Includes 5 Hardware Stores
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 …
Read More »Better Than 2016: Lowe’s Sales Hit $16B in Q3
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 …
Read More »Facebook Community Boost Aims to Help Small Businesses Profit
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 …
Read More »True Value Sees Comparable Store Sales Increases in Third Quarter
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 …
Read More »Ace Hardware’s Revenue Up Again in Q3
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 …
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