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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How Do These Public Companies Stack Up?
The annual reports for your publicly traded competitors are out, and here is how some of the companies compare. Walmart, which is still the world’s largest brick-and-mortar retailer, had sales increase by less than 1 percent from the 2015 calendar …
Read More »Exec Changes May Mean Target CEO Is ‘Feeling Some Pressure’
Minneapolis-based Target Corp. has announced the coming departure of one of its top executives, after the retailer’s leadership team decided to abandon multiple tech innovation projects. On April 27, Target CEO Brian Cornell publicized the exit of chief strategy and innovation officer Casey Carl …
Read More »Lowe’s Continues Canadian Expansion With RONA
Lowe’s is continuing to expand in Canada with Lowe’s stores, as well as with locations branded with Canadian retailer RONA’s name. Lowe’s confirmed this month that it has opened two new RONA stores in Quebec. The stores are located in the cities of …
Read More »Who Will Get HH Gregg’s Appliance Customers?
H.H. Gregg recently announced that it will close all of its 220 stores by the end of May after failing to find a buyer after filing for bankruptcy last month, reports the Minneapolis Star Tribune. According to the Star Tribune, the …
Read More »Competing for Employees in a Workers’ Market
Online and big-box retailers have added another factor to the competition for workers: new and expanded warehouses that pay more than minimum wage for low-skilled jobs. “Retailers and logistics companies have been opening warehouses at a record pace to ensure online orders reach …
Read More »3 Reasons Retail Stores Are Steadily Closing
Store closures have become a growing trend, with big boxes such as Walmart, J.C. Penney, Sears, Kmart and others shuttering or planning to close scores of locations. The reason is neither declining retail sales, nor entirely because of e-commerce, The Atlantic magazine …
Read More »Exec Leaves Sears Holdings to Lead Pier 1 Imports
Sears Holdings lost one of its top executives when Kmart president and chief member officer Alasdair James left in March. James had worked for Kmart, which Sears Holdings owns, since 2014, according to Business Insider. James is taking over as president …
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