Sears Holdings Corp. reported a 20 percent year-over-year revenue loss in its first-quarter financial results, which the company attributed to having fewer operational stores. The struggling retailer also noted an 11.9 percent decline in comparable store sales. Kmart stores lost sales in …
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Lowe’s reported growth in its first-quarter financial results for the year, which the company released Wednesday. The company’s first quarter ended May 5. The big-box home improvement retailer reported sales growth of 10.7 percent over the same period last year, …
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For many businesses, employee longevity is a rarity. But imagine working at a company for over 55 years, rarely missing any of the last 14,300 days of work. That’s the case for John H. Mize, executive chairman of Blish-Mize. He’s held almost …
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Do it Best Corp. is prepared to offer its retailers any product or service they need. This was evident at the co-op’s spring market, which was held last weekend at the Indiana Convention Center in Indianapolis. The event featured new …
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This week, Sears Holdings Corp. filed a lawsuit against one manufacturer and lost a suit brought by a different toolmaker. In a company blog post from May 15, Sears Holdings chairman and CEO Edward Lampert announced that the company would be “taking a …
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In late March, Walmart announced its latest technology endeavor, Store No. 8, which was established to incubate startup companies, reports Forbes. According to Forbes, it will fund e-commerce startup companies. “We’ll be bringing in entrepreneurs and giving them capital,” says Jet.com …
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Lowe’s Companies Inc. announced May 18 that it is buying a Texas distributor in an effort to grow its pro business. The distribution company is Maintenance Supply Headquarters, a supplier of maintenance, repair and operations products for businesses in the multifamily housing industry, according …
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Target released its first-quarter financial results Wednesday, citing a comparable sales decline of 1.3 percent over sales in the first quarter of 2016. Target chairman and CEO Brian Cornell says the company performed better than expected in the first three …
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