While the retail industry has been facing plenty of road blocks, especially in clothing and department stores, the home improvement industry continues to show strength. The Home Depot’s first quarter 2017 financial results highlight growth and topped analysts’ expectations, according to CNBC. Today, Home …
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CEO: ‘Reality Is a Lot Better Than the Perception’ for Sears
Sears’ top executive, Edward Lampert, told the Chicago Tribune that public perception is putting his company at a disadvantage when recovering from the financial challenges that have plagued it. “Clearly we have our challenges,” Lampert says in the Chicago Tribune article. “Every time people use the …
Read More »What the Big-Box CEOs Earned in 2016
Financial reports from big-box retailers provide insight into what the world’s top retail executives are worth in dollars. For example, Walmart’s sales outpace Home Depot’s and Lowe’s sales by hundreds of billions of dollars, but CEO Doug McMillon’s base salary matches what …
Read More »Amazon Arrives in Australia, Hardware Association Responds
Since the mid-1990s, Amazon.com has evolved from an online bookstore to the e-commerce giant that has in many ways forced brick-and-mortar businesses to change the way they do business in the U.S. Additionally, Amazon has found its footing globally, establishing a presence in several countries …
Read More »Home Depot Customer Information Exposed
A spreadsheet including about 8,000 Home Depot customers’ transaction details and personal information was briefly posted on a Home Depot website for an unknown length of time, according to The Atlanta Journal-Constitution (AJC). Although financial data was not included in the information, this comes a …
Read More »Jet.com Founder Helps Walmart Innovate
Walmart is making some noticeable company changes with the help of an e-commerce innovator it picked up with the purchase of Jet.com. The innovator is Marc Lore, founder of Jet.com—the online retailer Walmart bought for about $3 billion in 2016. Lore’s ideas …
Read More »Sears Replaces CFO, Cuts More Costs
Sears Holdings Corp. has now had three people serve in the role of chief financial officer in less than 12 months, The Wall Street Journal reports. The company named Rob Riecker as chief financial officer, starting this month. He was previously controller and …
Read More »360-Degree Views: Amazon, Menards, Target, Tractor Supply and Walmart
You know who your big-box and online competitors are, but do you truly understand the inner workings of their business? To help independent retailers grasp what’s going on with some of the world’s largest retailers, Hardware Retailing has been compiling packages …
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