Home Depot is investing about $11 billion in “internal improvements,” including more distribution centers, The Atlanta Journal-Constitution reports. The Atlanta newspaper, which is located near Home Depot’s headquarters, interviewed company CEO Craig Menear about the retailer’s plans for growth. Rather than …
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Lowe’s Grows Net Earnings in First Quarter
Lowe’s released its first-quarter 2018 financial results on May 23, reporting net earnings of $988 million. The company released this information the day after naming Marvin Ellison as the new president and CEO of Lowe’s, effective July 2. The quarterly results represent …
Read More »Former Sears Brand Now Available at Lowe’s
The Craftsman tool brand, previously owned by Sears, has introduced a select line of products in Lowe’s stores and on its website, Lowe’s has confirmed. According to Lowe’s, “select CRAFTSMAN mechanics tool sets, tool storage, garage organization, flashlights and pressure …
Read More »Home Depot Reports Increase in Sales During First Quarter
Home Depot released its first-quarter 2018 financial results May 15, reporting an increase in sales. The company achieved $24.9 billion in sales during the quarter, for a 4.4 percent increase above the same period in 2017. By April 29, Home …
Read More »Walmart Labs and Home Depot Invest in Technology Workers
Walmart’s technology division, Walmart Labs, is following the same steps as Home Depot as both big-box companies are searching for technology workers to add to their ranks, CNBC and Silicon Valley-based The Mercury News report. The Mercury News says Walmart Labs …
Read More »Sears CEO Offers to Buy Kenmore, Additional Assets
Sears CEO Edward Lampert has offered to purchase the company’s real estate holdings, its appliance-parts business, home services offerings and the Kenmore appliances brand, The New York Times reports. The purchase would be made through ESL Investments, a hedge fund …
Read More »Walmart to Remodel 500 Stores, Open 20 New Locations
Walmart plans to spend $11 billion to remodel 500 existing stores and open 20 new locations, Business Insider reports. The store remodels will provide shoppers with “wider aisles, shorter shelving, new signs and flooring,” along with additional self-checkout lanes, the …
Read More »Amazon Tests New Approach to Home Services
Amazon is experimenting with a change to Amazon Home Services, its division that connects customers with local home improvement professionals and other service providers. The change is currently a housekeeping pilot project in Seattle, but could indicate a transition in …
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