Tag Archives: big box

A former Lowe’s executive—who had been a potential successor for the company’s current CEO—is alleging he lost his job due to racism. Michael Jones became chief customer officer for Lowe’s in 2014, and The Wall Street Journal reported at the time that the …

Home Depot is adding a $25 million settlement with banks and credit card companies to its rising data breach costs, which are nearing $200 million total. In September 2014, the retailer confirmed the massive data breach, which exposed payment card information from more than 50 million customers. …

J.C. Penney has started selling products such as bathtubs and power tools online and is expanding its services in some markets with basic bathroom remodels, The Dallas Morning News reports. The department store forayed into home improvement in 2016 by selling kitchen and laundry appliances in …

Kenmore grills will soon be sold in retail stores other than Sears and Kmart as part of a licensing agreement Sears recently entered into with Permasteel, reports The Chicago Tribune. The agreement allows Permasteel to manufacture and sell Kenmore-branded gas grills …

Lowe’s is consolidating Ace Canada operations this year so the big-box retailer and the cooperative will share Canadian distribution functions. Ace Canada will close two distribution centers and its main office in the country. Lowe’s distribution network and head office in …

J.C. Penney will close 130 to 140 stores and two distribution centers and will offer early retirement packages to about 6,000 employees, USA Today reports. The store closures would account for 13 to 14 percent of the department store’s total …

Fourth-quarter earnings increased for Lowe’s, following the company’s announcement of additional layoffs at its corporate headquarters and two support facilities. On March 1, the big-box retailer reported net earnings of $663 million, up by $11 million during the fourth quarter of 2015. Sales for the fourth quarter increased to …

Financial institutions and retailers are revisiting a disagreement over limits on credit card swipe fees, Reuters reports. The Dodd-Frank Act, which became law in 2010, established regulations within the financial services industry. One of those regulations was a limit on how much …