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Walmart’s Plans: Cut Store Openings, Focus Online

walmart

Walmart corporate has big plans to grow its e-commerce presence. Yet at the same time, it plans to reduce brick-and-mortar store openings by nearly 60 percent year over year. The company is increasingly investing in growing its online sales. This is demonstrated by its …

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Stanley to Buy $1.95B Tool Business, and It’s Not Craftsman

Stanley Black & Decker

Stanley Black & Decker hasn’t confirmed news that it was bidding on Sears’ Craftsman tool business, but the company has announced a different major acquisition. This week, Stanley reported it is buying Newell Brands’ tool business. This includes industrial cutting, hand …

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Gift Card Draining: Another Form of Digital Theft

Gift Card

Imagine this–a customer approaches the checkout counter with a high-dollar item. He or she pulls out a partially-used gift card, and to the customer’s surprise, the balance comes up as zero. What happened? Your customer experienced a form of digital …

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Consumer Confidence Lags in the Second Quarter

consumer confidence

Consumer Confidence and Manufacturing Drop in Q2 Home sales and home prices were up in the second quarter of 2016, but other economic indicators didn’t look so good in the U.S. Consumer confidence, as reported in The Conference Board’s Consumer …

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China International Hardware Show Adds Enhancements

CIHS 2016

This month, more than 50,000 people will gather in Shanghai, China, to attend the China International Hardware Show (CIHS) 2016. Now in its 16th year, enhancements to the show will provide a more convenient experience for both exhibitors and visitors. CIHS 2016 will take place Oct. …

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PRO Group Merges With Reliable Distributors, Inc.

kalbach

Denver-based PRO Group, Inc., announced Monday that it is merging with Reliable Distributors, Inc. Reliable Distributors, which is based out of Chicago and has more than 200 distribution centers across the country, is a marketing, merchandising and wholesale distributor group …

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Plenty to See at the Do it Best Fall Market

Over the weekend, retailers from all over gathered in Indianapolis for the Do it Best Fall Market, where they looked for new products, attended Education Day seminars, found good deals and more. Those retailers also experienced some changes to the …

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Reasons #GivingTuesday Matters to Your Business

As you plan your holiday marketing campaigns and think through ways to increase foot traffic to your stores, don’t underestimate the value of generosity. The Definition of #GivingTuesday For the past four years, businesses, organizations and individual people have used the Tuesday …

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