In its third-quarter financial results, big-box home improvement retailer Lowe’s reported net earnings of $629 million. The company also announced plans to “exit its Mexico retail operations,” according to a press release. In the second-quarter of 2018, the company reported …
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Home Depot Announces Q3 2018 Financial Results
Home Depot has announced its third-quarter 2018 financial results. In total, the company reported sales of $26.3 billion, which represents a 5.1 percent increase from the same period in 2017. Comparable sales for the third quarter in the U.S. were …
Read More »Lowe’s Plans to Close 51 Stores, Names New CIO
Lowe’s has announced it plans to close 51 “underperforming store locations as part of its ongoing strategic reassessment,” the company reported in a press release. Twenty of those locations will be in the U.S., and 31 will be in Canada, …
Read More »Walmart Adds Mobile Checkout for Holiday Shopping
Walmart is adding mobile checkout options to its Supercenter locations ahead of the busy holiday shopping season, the big-box retailer confirms in a recent press release. The program, called Check Out With Me, rolls out to all Supercenter locations on …
Read More »Big Boxes Could Benefit From Sears’ Downfall
Big-box retailers like Home Depot and Lowe’s are preparing to meet the retail void left by the downfall of Sears, Yahoo Finance reports. After Sears filed for bankruptcy protection earlier this month, “Home Depot and Lowe’s look to be big …
Read More »Lowe’s CEO Visits Stores, Details Improvements
Speaking at a dedication event for Charlotte Hornets-themed basketball courts, Lowe’s CEO and president Marvin R. Ellison outlined what’s in store for the company in the months ahead, according to the Charlotte Business Journal. In late August, Lowe’s announced the …
Read More »Walmart Launches Virtual Reality Training Programs
Walmart will deploy 17,000 Oculus Go virtual reality headsets to train more than one million employees across the country, the company reports. The company is launching the virtual reality training this month and will send four headsets to each Walmart …
Read More »Home Depot Expands Same-Day Delivery
Home Depot is now offering same-day and next-day local delivery of more than 20,000 of its most popular products to 35 major cities across the U.S., the company says. The new initiative is part of Home Depot’s $1.2 billion supply chain …
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