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 …
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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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Lowe’s has announced plans to hire more than 65,000 employees in 2019. In a press release, the company says the new hiring initiative will enable it to “improve customer service and product availability.” More than 50,000 of these hires will …
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As retailers struggle to fill jobs, a new report from the Associated Press suggests some retailers are raising wages and hoping for more efficient employees. The report says retail workers have seen some of the economy’s best wage gains in …
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Sears will possibly avoid company liquidation because Sears chairman Edward Lampert proposed to purchase the company for $4.4 billion, according to a report from CNBC. The proposal was formally submitted through an affiliate of ESL Investments, the hedge fund Lampert …
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While meeting with analysts and investors, Lowe’s is solidifying its company priorities and financial goals, the company states in a press release. Describing a “complex retail environment,” Lowe’s president and CEO Marvin R. Ellison says the company is taking steps …
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ESL Investments, the hedge fund managed by former Sears CEO and current chairman Edward Lampert, has presented a plan to keep the company in business and save about 50,000 jobs, the Chicago Tribune reports. The bid “includes about 500 Sears …
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Lowe’s has decided to end its separate initiatives with Alacrity Renovation Services and Iris Smart Home, the company announced in its third-quarter financial report. The company described both endeavors as “non-core activities within its U.S. home improvement business,” and said …
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