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Industry News

More Consumers to Shop Local this Holiday Season

Independent retailers can expect to see more customers looking to shop local this holiday season, according to an article by Forbes. The article explains that, based on a recent survey by Deloitte, “more than two-thirds (68%) of consumers plan to shop …

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Sears Third Quarter Results Show Struggles

store closures

Sears Holdings announced its third quarter results, which posted a loss of $548 million on $7.2 billion in revenue, according to an article from The New York Times. Additionally, the company has been seeking to raise money, and it may sell some of its …

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Home Depot Buying Back Distributor

The Home Depot is buying back HD Supply Holdings Inc., a distributor of fasteners, plumbing parts, chain and other hardware. The distributor was part of the big box hardware retailer in the past, and relies on Home Depot for about 98 …

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Valspar Buys Canadian Coatings Manufacturer

Paint company Valspar Corporation recently bought a Canadian coatings manufacturer. In November, Valspar completed the purchase of Madison Chemical Industries Inc., which is headquartered in Ontario. The companies did not release financial details of the deal. Madison’s protective coatings, made …

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Amazon Adds Robots to Warehouse Operations

headquarters

As more consumers are shopping and making purchases online, Amazon, one of the largest e-commerce retailers, has added a new variety of workers to the mix: robots. The retailer is boosting efficiency in warehouses with the help of more than 15,000 wheeled …

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US Economy Above Predictions in Third Quarter

During July, August and September, the nation’s economic output grew at a faster rate than the government expected, according to an article by The New York Times. Gas prices have dropped, leaving additional funds for other purchases, and consumers continue to boost …

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Thanksgiving Weekend Spending Drops 11 Percent

Thanksgiving weekend sales for brick and mortar and online retailers fell about 11 percent year over year. Thanksgiving, Black Friday and holiday weekend sales totaled about $50.9 million this year, down from the $57.4 billion of the same timeframe in 2013, according to …

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