Tag Archives: big box

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 …

Sears Canada has filed for bankruptcy protection, according to a company report released Thursday. Over the past 18 months, Sears has taken on restructuring initiatives, including developing technology systems, redefining its brand positioning and updating its product assortment, according to the company. As …

Ace Hardware has announced a second big-box home improvement executive hire this week, recruiting Lisa Doyle from Lowe’s to serve as its new head of retail training. Doyle previously was vice president of learning and development at Lowe’s, according to a June 22 statement from …

The number of stores Sears Holdings is closing has risen to 265, Business Insider reports June 22. That new total is nearly 20 percent of the 1,405 stores Sears reported it was operating as of Jan. 28, which was the close of the …

Ace Hardware Corp. has hired former Home Depot executive John Sommers Jr. to serve as the co-op’s vice president of merchandising. Sommers, who starts with Ace on July 10, is a 23-year veteran of Home Depot and has worked in a variety of positions in …

Sears Canada may be following in the footsteps of its former U.S. parent company, Sears Holdings. The Canadian company says it has “significant doubt” of its ability to continue operations, according to CNN. Sears Holdings used similar language regarding its ability to stay …

As part of its restructuring plan to cut $1.25 billion from its expenditures in fiscal year 2017, Sears Holdings Corp. is cutting 400 positions from its headquarters and field operations, the company reports. At the start of the fiscal year, …

Lowe’s has laid off approximately 125 of its corporate technology employees and will move many of their positions to Bangalore, India, according to The Charlotte Observer. These layoffs are the latest of many staff cuts for Lowe’s, which has eliminated about …