Hardware Retailing The Industry's Source for Insights and Information
To download a PDF of the complete 2016 Market Measure, please complete the form at the bottom of the page. The Ups and Downs of a Positive Year To simply state that 2016 has been a good year for home improvement …
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Tag Archives: big box
Walmart Testing 4,000-Square-Foot Stores
Walmart is testing Walmart Pickup with Fuel, a store format so tiny that about 45 of them could fit in one of the retail giant’s super centers. The new stores are 4,000 square feet and serve as pick up locations for …
Read More »Walmart and Target Improve Online Order Pickup
Walmart and Target are improving their online order in-store pickup processes to compete against Amazon during the busy holiday season, according to The Wall Street Journal. During a time when Amazon.com is thriving in online sales and home delivery, in-store pickup …
Read More »Ex-Lowe’s Exec: Focus Is ‘Growth and Profitability’ for Lumber Liquidators
A former Lowe’s executive is now leading Lumber Liquidators as CEO, and he is planning on a recovery for the controversy-embroiled flooring discounter. Dennis R. Knowles, who Lumber Liquidators hired as chief operating officer in February, was promoted to CEO this month. Prior to working …
Read More »Target Expands on Small-Format Stores
Target recently announced that it will continue to expand its small-format stores into urban areas and college towns. During company’s third-quarter sales conference call last week, CEO Brian Cornell says he is “increasingly confident” that the big-box retailer will open “hundreds” …
Read More »Mixed Third-Quarter Earnings for Big Boxes, Ace
Third-quarter earnings reports from the largest big-box home improvement retailers and Ace Hardware Corp. showed mixed results. The Home Depot reported revenue increases, but both Lowe’s and Ace Hardware had year-over-year drops. For more details, read the following stories: Released Nov. 15: …
Read More »CEO: Lowe’s Q3 Was ‘Below Our Expectations’
Lowe’s net earnings took a hit in the third quarter of 2016, failing to perform as well as leadership projected. “Our third-quarter operating results were below our expectations due to slower sales in the first two months of the quarter,” …
Read More »Home Depot’s Q3 Sales Higher Than Expected
Big-box retailer Home Depot reported today better-than-expected third-quarter profits and sales, topping analysts’ predictions. The company announced sales of $23.2 billion for the third quarter of fiscal 2016. This is a 6.1 percent increase from the third quarter of fiscal 2015. Comparable …
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