Lowe’s is continuing to reduce its U.S. staff, confirming Aug. 3 layoffs of “an undisclosed number of delivery workers nationwide” and the outsourcing of their work, The Charlotte Observer reports. Lowe’s, which is headquartered near Charlotte in Mooreseville, North Carolina, told the Charlotte newspaper that the latest …
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Click the picture to download a PDF of this story. Amazon Buys Stores and Walmart Buys Websites By Renee Changnon, rchangnon@nrha.org, Kate Klein, kklein@nrha.org, and Melanie Moul, mmoul@nrha.org Walmart, the world’s largest brick-and-mortar retailer, has been playing catch up online with Amazon for …
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Amazon has invaded another marketplace where many independent home improvement businesses and industrial suppliers, such as Grainger, excel. That marketplace focuses on commercial and industrial business-to-business selling, competing with “distributors who sell screws, pumps, fasteners and other parts for industrial America,” CNBC reports July 25. Amazon’s business-to-business arm, …
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Sears Holdings CEO Edward Lampert recently increased his loans to the struggling company, which now total over $1.6 billion from the past two years, according to Business Insider. “Lampert, through his hedge fund ESL Investments, has agreed to give the company a $200 million …
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In June, Sears Canada filed for bankruptcy protection and announced plans to close 59 locations and cut 2,900 jobs, according to Global News. Now, the company will begin reaching out to potential buyers while it’s under creditor protection, CBC News reports. The company plans to …
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J.C. Penney announced Monday that its executive vice president and chief financial officer, Edward Record, would vacate his position effective July 11 “to pursue other interests,” according to the company. Record joined the apparel and home goods retailer in March …
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Two years after a former Walmart executive and her business partner acquired luxury hardware store chain Gracious Home, a discount chain’s founder has bought the business out of bankruptcy. Tom Sullivan, who started flooring discounter Lumber Liquidators, bought New York’s Gracious Home retail operation for …
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The Home Depot has announced an agreement to purchase Compact Power Equipment Inc., a national provider of equipment rental and maintenance services, for $265 million in cash. The transaction, which Home Depot confirmed July 6, is expected to close by the …
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