In 2016, J.C. Penney has experimented with multiple product categories that compete directly with home improvement retailers, and the year isn’t quite over yet. The Texas company began selling heating, ventilation and air conditioning systems in November in test stores in …
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The final stores from Lowe’s failed Australian joint venture closed this month. Lowe’s partner in the business, Woolworths Limited, oversaw liquidation of the Masters Home Improvement assets. Additionally, the company announced that all stores would cease operating after Dec. 11. The chain had more …
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The National Labor Relations Board (NLRB) is addressing another potential labor law violation by Menards. The NLRB issued a complaint regarding the big box home improvement retailer for possibly violating labor laws by classifying its delivery drivers as independent contractors instead of …
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Lowe’s Canada has plans for expansion that include growing the Canadian company RONA and roughly tripling Ace Hardware’s store count. In May, Lowe’s finalized its purchase of home improvement chain RONA and this month released more information about its plans for the acquisition. Through its purchase of RONA, Lowe’s …
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Amazon made its first successful delivery by unmanned drone to a customer this month. The online retailer delivered an Amazon Fire TV stick and popcorn Dec. 7 in a rural area near Cambridge, England, just a few miles from an Amazon fulfillment …
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When you’re an executive at a big box corporation, you might wake feeling a bit paranoid. Or at least that’s the case for Home Depot CFO Carol Tomé, according to CNBC. Tomé has been employed with The Home Depot for …
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Home Depot and Lowe’s are projected to be among the top 10 holiday-quarter revenue earners, according to analysis by USA Today. Analysts based predictions on data from S&P Global Market Intelligence and project that 10 retailers will take 66.7 percent of all holiday-quarter …
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Sears’ third-quarter earnings followed the company’s downward financial trend, inspiring conjecture about the possibility of the company’s demise. “Sears keeps promising investors a turnaround but its results only seem to get worse,” Fortune magazine says. This month, Sears Holdings Corporation released financial results that showed continued …
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