A former Lowe’s executive is now leading Lumber Liquidators as CEO, and he is planning on a recovery for the controversy-embroiled flooring discounter. Dennis R. Knowles, who Lumber Liquidators hired as chief operating officer in February, was promoted to CEO this month. Prior to working …
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U.S. business owners who were preparing to pay extra for employees who work overtime don’t have to make changes—yet. Modified overtime laws were scheduled to take effect Dec. 1, but a federal judge’s Nov. 22 order has paused implementation of the new rules throughout the …
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Target recently announced that it will continue to expand its small-format stores into urban areas and college towns. During company’s third-quarter sales conference call last week, CEO Brian Cornell says he is “increasingly confident” that the big-box retailer will open “hundreds” …
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Earlier this month, True Value Company announced Hardware Group as its newest member. Hardware Group boasts more than 23 stores in Puerto Rico and counting, meaning the partnership will expand True Value’s presence on the island. Founded in 2011, Hardware Group …
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According to retail analytics company RetailNext, Black Friday will no longer hold the top spot as the busiest shopping day of the year. As retailers expand sale windows and move promotions online, consumers are spreading out their shopping days, too. …
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Today’s retailer has more competition than ever. Not only are big-box chains still a factor, but retailers also have to face consumers turning to e-commerce platforms like Amazon for a quick and easy shopping experience. To help their retail members remain …
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Hardware Distribution Warehouses Inc. (HDW) has acquired World and Main Houston, a Texas retail distribution business formerly known as Handy Hardware. The buyer, Hardware Distribution Warehouses Inc., is based in Shreveport, Louisiana, and provides inventory and retail services to lumberyards, hardware stores and …
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Third-quarter earnings reports from the largest big-box home improvement retailers and Ace Hardware Corp. showed mixed results. The Home Depot reported revenue increases, but both Lowe’s and Ace Hardware had year-over-year drops. For more details, read the following stories: Released Nov. 15: …
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