Sears will live to sell another day, CNN reports. After reviewing a $5.2B bid to save the company, bankruptcy court judge Robert Drain approved the sale of most of Sears’ assets to ESL Investments, the hedge fund managed by Edward …
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Lowe’s Officially Ends Iris Smart Home Products Line
Lowe’s is officially pulling the plug on Iris, its line of smart home products and security systems, tech news website CNET reports. Lowe’s sent an email to Iris users informing them their devices will no longer work as of March …
Read More »Target CEO Gives 4 Tips for Retail Success
Speaking at the National Retail Federation’s NRF 2019: Retail’s Big Show, Target board chairman and CEO Brian Cornell outlined what he sees as the company’s greatest competitive advantage. Cornell also presented four tips he believes are key to future retail …
Read More »Lowe’s CEO Sees a Millennial Opportunity
In recent years, millennial consumers (shoppers born between 1981 and 1996) have been accused of “killing” industries that once thrived with support from different consumer generations. Speaking at the National Retail Federation’s NRF 2019: Retail’s Big Show, Lowe’s president and …
Read More »Target Among Latest Retailers to Accept Apple Pay
Target and many other national retailers from an array of industries are now accepting Apple Pay at their locations, Apple announced in a press release. Apple Pay is an electronic method of payment that enables users to store credit card …
Read More »Lowe’s Becomes Official Home Improvement NFL Retail Sponsor
Lowe’s has finalized a deal to become the official home improvement retail sponsor of the National Football League (NFL), it announced in a press release. The contract runs for an unspecified number of years, and gives the big-box retailer the …
Read More »Big Boxes Seek to Improve Customer Experience
Big-box retailers Home Depot and Lowe’s are both aiming to improve their overall customer experience in 2019, according to separate reports. Home Depot is in the process of uniting its online and offline operations, a move that could change the …
Read More »Sears Chairman’s Hedge Fund Wins Bankruptcy Auction
ESL Investments, the hedge fund managed by Sears chairman Edward Lampert, has prevailed in a bankruptcy auction to save Sears from liquidation, according to a report from Reuters. The bid is valued at more than $5.2 billion and is more …
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