In an interview with North Carolina Biz News Wire, Lowe’s CEO Marvin Ellison is looking back on his first year at the helm of the U.S. big-box home improvement chain. “When I came to Lowe’s, I quickly saw that the …
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Carol Tomé, Home Depot’s CFO and executive vice president, will retire from the company on Aug. 31. after 24 years of service. Richard McPhail, current senior vice president of finance control and administration, will become executive vice president and CFO …
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Clothing chain Kohl’s has announced it will begin accepting “free, convenient, unpackaged returns for Amazon customers” beginning in July, according to a press release. Kohl’s partnership with Amazon dates back to 2017, when the companies first began piloting the in-store …
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Bob Andelman wrote the book on Home Depot when he co-authored “Built From Scratch” with co-founders Bernard Marcus and Arthur Blank. The book was published in 1999 and charted the first 20 years of the company. It has gone on …
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Home Depot is a formidable competitor in the home improvement industry. By sales volume and number of store locations, the company is the largest retailer in the home improvement sector. Despite being known for its 104,000-square-foot stores, Home Depot has, …
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Sears Holdings Corp. is suing its former CEO and the hedge fund he manages for allegedly funneling $2 billion in assets from the retailer, according to the Chicago Tribune. Sears claims that Edward Lampert, the company’s former CEO, “systemically picked …
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According to The Charlotte Observer, Lowe’s will eliminate and relocate hundreds of jobs in North Carolina. Approximately 600 full-time employees at Lowe’s corporate offices in Wilkesboro, North Carolina, were told their jobs would be relocated to Lowe’s headquarters in Mooresville, …
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As Sears emerges from bankruptcy, the company is launching a new advertising campaign and investing in small-format stores to win back customers, according to the Chicago Tribune. In February, Sears emerged from bankruptcy after a judge approved the sale of …
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