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 …
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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” …
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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: …
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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,” …
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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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Here’s an unusual alternative to a garden center or farmer’s market: In-store vertical farms for growing and selling fresh produce. Target is planning to test vertical farming in some U.S. stores in spring 2017, potentially allowing customers to see how their green vegetables …
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How employees interact with each other and customers directly relates to store performance, according to Home Depot executive Ann-Marie Campbell. This fall, Campbell—who is executive vice president of U.S. stores—ranked No. 20 on Fortune‘s 2016 Most Powerful Women List, which highlights the American business world’s most important female executives. …
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Industry observers are taking notice—Home Depot’s technology and online business strategies are helping the company grow and compete in e-commerce, despite Amazon’s online retail dominance. The retailer’s “largest and arguably most important investment has been the roughly $4 billion it will spend from …
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