News

After three consecutive months of solid gains, pending home sales slowed modestly in June, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 1.1 percent to 102.7 in June …

Klein Tools announced today that Mathias Klein III (Mat) will retire as chairman of the board in June, 2015, but will continue to serve on the company’s board of directors. This marks a 46 year career with Klein Tools for Mat. …

Economic activity in the manufacturing sector expanded in July for the 14th consecutive month, and the overall economy grew for the 62nd consecutive month, according to the latest Manufacturing ISM Report. The report, issued today by Bradley J. Holcomb, CPSM, …

Sears has agreed to a $5 million settlement in a class action alleging it misclassified workers in order to not pay them overtime pay. “The $5 million settlement resolves all current and potential litigation concerning the classification of the [loss …

When it comes to the way people work, the dynamics of the workplace and interacting on person-to-person and digital levels is changing, according to industry experts who explored the changing nature of the workplace during a “Future of Work” event …

The Home Depot today announced the promotion of Ted Decker to Executive Vice President – Merchandising, effective August 4. In his new role, Decker will be responsible for all aspects of merchandising strategy and operations, reporting to Craig Menear, president …

According to a recent Wall Street Journal article, U.S. retailers are facing a steep and persistent drop in store traffic, which is weighing on sales and prompting chains to slow store openings as shoppers make more of their purchases online. …

The U.S. Computer Emergency Readiness Team, a division of the Department of Homeland Security, issued a warning to retailers about a new POS malware hack that has been detected. Dubbed “Backoff,” the family of malware exploits has been found in …