News

Ace Hardware Corp. reported first-quarter growth in sales and profit that partially reflect changing consumer needs due to the COVID-19 pandemic. The co-op’s revenue was $1.4 billion during the first quarter, an increase of 3.8 percent above the first quarter …

In its first-quarter 2020 financial results, big-box retailer Target reports total revenue of $19.6 billion, an 11.3 percent rise from the same period in 2019. While its stores remained open amid COVID-19 in the U.S., Target also experienced significant digital …

After declaring bankruptcy in February, home decor retailer Pier 1 Imports is set to begin “an orderly wind-down” of operations. “This decision follows months of working to identify a buyer who would continue to operate our business going forward,” says …

Central Network Retail Group (CNRG), the multiformat, multibrand retailer which operates 109 hardware stores, home centers and lumberyards in 15 states, will purchase H&M Lumber in West Helena, Arkansas. The West Helena store currently offers a full assortment of building …

Big-box home improvement chain Lowe’s has announced net sales of $19.7 billion in the first quarter of 2020, an 11.3 percent increase over the same period in 2019. Sales grew more than 23 percent over results from the fourth quarter …

Big-box home improvement retailer Home Depot announced first-quarter 2020 sales of $28.3 billion, representing a 7.1 percent increase from the same period in 2019, according to the company. The total sales for the first quarter of 2020 are more than …

After filing for bankruptcy, J.C. Penney has announced plans to close more than 240 stores within the next two years, reducing its brick-and-mortar presence by nearly 30 percent, reports CBS News. The retailer currently operates 846 stores but plans to …

U.S. retail sales fell 16.4 percent from March to April, as many cities and states enacted stay-at-home orders to stem the spread of COVID-19 in the country. The 16 percent drop seen in April nearly doubles the sales slowdown seen …