ESL Investments, the hedge fund operated by Sears Holding Corp.’s CEO Edward Lampert, has made a formal bid to purchase the Kenmore brand from Sears, the Chicago Tribune reports. Earlier this year, it was reported that Sears was mulling the …
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Home Depot Q2 Earnings Show Higher Sales, Increase in Online Shopping
The Home Depot today announced its second-quarter 2018 financial results, citing sales increases due to a boost in activity among DIYers and contractors. The big-box home improvement chain earned $30.5 billion in sales during the second quarter of fiscal 2018, which …
Read More »Donald E. Frieson Joins Lowe’s Executive Team
After announcing a new leadership structure last month, Lowe’s has filled one of its vacant executive positions. The big-box home improvement company recently announced the appointment of Donald E. Frieson as executive vice president of supply chain, effective August 8. …
Read More »Big Boxes Focusing on In-Home Services
As e-commerce websites like Amazon continue to grow in popularity among consumers, big-box retailers are providing in-home services to compete and remain relevant. Companies like “Walmart, Home Depot and the Container Store are hiring contractors to go to customers’ homes …
Read More »A Closer Look at Target’s Remodeling Plans
As Target continues its plan to remodel roughly 1,000 stores nationwide, senior vice president of sales Joe Contrucci and vice president of store design Joe Perdew shed light on the specific changes shoppers will see at their local Target stores. …
Read More »Amazon Prime Day Breaks Records, Sells More Than 100M Products
For the fourth year in a row, Amazon broke records on its company-invented shopping holiday, Amazon Prime Day. Although the online shopping event was bugged by an early glitch that prevented shoppers from accessing the website, “shoppers spent an estimated …
Read More »Lowe’s Snags Another Top J.C. Penney Exec
Lowe’s has hired a second high-profile J.C. Penney executive, just two months after successfully recruiting the department store chain’s CEO. On July 20, Lowe’s named Joseph M. McFarland III as executive vice president of stores, effective Aug. 15. He will oversee Lowe’s …
Read More »Home Depot Adds Home Decor Inventory
The Home Depot is adding home decor to its product offerings, Forbes reports. In an email sent to customers, the company confirms it’s planning to add furniture, bedding material, wall decor, tabletop accessories and other home accents to its inventory. …
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