Lowe’s has been ordered to pay $1.6 million to settle a lawsuit alleging inaccurate and misleading advertising. According to Marin News, the settlement, ordered by Marin Superior Court Judge Paul M. Haakenson, is the culmination of a civil enforcement action …
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Consumers Demand Peace of Mind from Products
A new national study conducted for Lowe’s reveals that security/safety is the primary driver behind consumers’ desires to purchase home automation equipment. Cost remains the barrier. According to CEPro, the data from the Lowe’s 2014 Smart Home Survey reveals that a …
Read More »Sears to Close 35 More Stores as it Boosts Online Presence
Sears is shutting 130 stores across the country. According to SILive.com, after already closing 95 stores, the retailer says it will shut down 35 more. Sears Holding Co. says there could be more stores shut down in the future as well. …
Read More »Ace Hardware Celebrates Customer Satisfaction Award with Cross-Country Tour
Ace Hardware kicked off its J.D. Power Award Neighborhood Tour for the second year in a row. Recently ranked “Highest in Customer Satisfaction with Home Improvement Retail Stores” for the eighth year in a row by J.D. Power, Ace will …
Read More »Handy Hardware Welcomes New CEO
At its recent market, Handy Hardware announced Craig Cowart will succeed Doug Miller as President of Handy Hardware on October 1. Miller joined Handy after a long and distinguished career at Jensen Distribution Services and provided the leadership and business …
Read More »Handy Hardware Market Focuses on Buying Power
Handy Hardware concluded its Fall Market at the Henry B. Gonzales Convention Center in San Antonio this weekend. The market, which ran August 21-23 focused around the company’s proposition of “Profit Plus.” Prior to Market Handy announced that more 400 dealers had qualified …
Read More »Home Depot Attributes Q2 Success to Appliances and Housing Market
Home Depot announced second quarter results, with comparable store sales in the positive numbers, up 5.8 percent across the entire company, and positive 6.4 percent across U.S. stores. In the second quarter of fiscal 2014, sales were reported at $23.8 …
Read More »Lowe’s Q2 Up, Company Still Downgrades Financial Targets
On August 20, Lowe’s announced second quarter fiscal 2014 results. Although comparable sales were up 4.4 percent for the quarter, the home improvement chain scaled back on full-year financial targets. Sales for the second quarter increased 5.7 percent to $16.6 …
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