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 …
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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. …
Read More »Lowe’s Announces New Leadership Structure
Lowe’s has announced a new leadership structure that includes “simplified roles and responsibilities to drive operational excellence,” the company announced in a press release. The company has eliminated several positions, including chief operating officer, chief customer officer, corporate administration executive …
Read More »Big Boxes Turning to Task Automation
Across the retail landscape, more big boxes are relying on task automation to reduce labor expenditures and enable employees to interact directly with customers, The Wall Street Journal reports. Target says it plans to add cash-counting checkout machines to 500 …
Read More »Home Depot to Overhaul Supply Chain
Over the next five years, Home Depot will spend $1.2 billion to deliver products faster as customers’ expectations for delivery speeds shift, The Wall Street Journal reports. As part of its plan to reach 90 percent of the U.S. population …
Read More »Home Depot Invests in Property Maintenance Company Homee
Home Depot has partnered with a growth equity firm to invest $11 million in Homee, an on-demand property maintenance company, the Tampa Business Journal reports. Homee, based in Tampa, Florida, launched in July 2016 and “uses GPS-enabled smartphone technology to link …
Read More »Combined Kmart-Sears Store Is a New Venture for Sears Holdings
Sears Holdings is experimenting with a Kmart and Sears combination store, even as it closes dozens of individually branded stores throughout the U.S. The company recently opened a Kmart store inside of a Brooklyn, New York, Sears location, according to …
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