The Home Depot and Ace Hardware Corp. released their fourth-quarter and year-end earnings reports this week, showing positive results for both. Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” Read …
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Lowe’s is making another round of staffing cuts at its corporate headquarters and two support facilities, according to the Charlotte, North Carolina, NBC affiliate, WCNC. About 430 positions at the company’s corporate headquarters in Mooresville, North Carolina, were eliminated Tuesday, along …
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While retailers in other sectors have been struggling, The Home Depot’s fourth quarter 2016 financial results marked overall growth for the company, according to a press release by the Home Depot. The big-box retailer reported 5.8 percent growth over the …
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Investor Warren Buffett’s holding company recently cut back on its investment in Walmart and bought airline stock instead, reflecting pessimism about brick-and-mortar retailing, Business Insider reports. Buffett’s company, Berkshire Hathaway, sold $900 million in Walmart stock by the end of 2016. Buffett “acknowledged that traditional brick-and-mortar retailers were struggling …
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The Home Depot has been recognized this year for its “bold e-commerce strategy” by Fast Company magazine, which called the home improvement giant one of the most innovative retailers worldwide. The retailer ranks among Fast Company‘s top 50 businesses for innovation. The magazine annually honors businesses through “The World’s …
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Electronics retailer Best Buy is testing outlet stores in four states as an alternative way to sell clearance and open-box merchandise, according to the Minneapolis/St. Paul Business Journal. The outlet stores will sell clearance and open-box merchandise at discounts up to …
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Sears Holdings is restructuring to reduce its costs by $1 billion in 2017, the company announced Feb. 10. The retailer has seen steadily declining sales at its Kmart and Sears stores, and has been looking for ways to get profitable again. Earlier this year, …
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Sometime in 2017, Target shoppers will be able to pay for in-store purchases with a Target-specific mobile app, Reuters reported in January. Michael McNamara, Target’s chief information and digital officer, confirmed to technology news site Recode that mobile payments would be offered on at least …
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