A handful of employees at a Lowe’s store in Virginia have traded in their uniforms for something designed to help lighten the load—exoskeletons. The home improvement company and Virginia Tech joined forces to develop what they dubbed an “exosuit—a wearable robotic …
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JC Penney Hires Another Exec From Home Improvement Sector
J.C. Penney has once again hired a top executive from the home improvement industry with its appointment of Marci Grebstein to the role of executive vice president and chief marketing officer, according to the company. Grebstein, who will begin her new role …
Read More »Sears Reports ‘Challenging Quarter’ With 20 Percent Loss
Sears Holdings Corp. reported a 20 percent year-over-year revenue loss in its first-quarter financial results, which the company attributed to having fewer operational stores. The struggling retailer also noted an 11.9 percent decline in comparable store sales. Kmart stores lost sales in …
Read More »Lowe’s Reports Q1 Growth
Lowe’s reported growth in its first-quarter financial results for the year, which the company released Wednesday. The company’s first quarter ended May 5. The big-box home improvement retailer reported sales growth of 10.7 percent over the same period last year, …
Read More »Sears Sues a Manufacturer, Loses Different Lawsuit
This week, Sears Holdings Corp. filed a lawsuit against one manufacturer and lost a suit brought by a different toolmaker. In a company blog post from May 15, Sears Holdings chairman and CEO Edward Lampert announced that the company would be “taking a …
Read More »Walmart Invests in E-Commerce With Tech Incubator Store No. 8
In late March, Walmart announced its latest technology endeavor, Store No. 8, which was established to incubate startup companies, reports Forbes. According to Forbes, it will fund e-commerce startup companies. “We’ll be bringing in entrepreneurs and giving them capital,” says Jet.com …
Read More »Lowe’s to Buy Texas Distributor for $512M
Lowe’s Companies Inc. announced May 18 that it is buying a Texas distributor in an effort to grow its pro business. The distribution company is Maintenance Supply Headquarters, a supplier of maintenance, repair and operations products for businesses in the multifamily housing industry, according …
Read More »Target’s Q1 Results: ‘Strong’ in ‘Choppy’ Retail World
Target released its first-quarter financial results Wednesday, citing a comparable sales decline of 1.3 percent over sales in the first quarter of 2016. Target chairman and CEO Brian Cornell says the company performed better than expected in the first three …
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