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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Will Walmart Price Cuts Shake Up Retail?
Walmart is implementing some deep price cuts on products, and the effects could be far reaching. Companies impacted the most by the big-box retailer’s slashed prices include Target, Family Dollar and Dollar General, which may see lower earnings if they drop prices to compete, Business Insider reports this …
Read More »Walmart’s Plans: Cut Store Openings, Focus Online
Walmart corporate has big plans to grow its e-commerce presence. Yet at the same time, it plans to reduce brick-and-mortar store openings by nearly 60 percent year over year. The company is increasingly investing in growing its online sales. This is demonstrated by its …
Read More »Tractor Supply Co. Buys Pet Store Chain for $116M
Rural lifestyle retailer Tractor Supply Co. has purchased a 136-location pet store chain for $116 million in cash. Petsense, the pet supply and services company, will operate as a Tractor Supply subsidiary, according to Tractor Supply. “The pet industry represents a …
Read More »Who Is Bidding on Sears’ Craftsman Business?
As Sears continues to search for ways to make its business profitable again, a bidding war may be underway for the company’s Craftsman tool business, Bloomberg reports. Earlier this year, Sears announced it was looking to generate more cash through its Craftsman, Kenmore …
Read More »Bass Pro Shops to Buy Cabela’s for $5.5 Billion
Two former rivals in the outdoor sporting goods industry are uniting. On Oct. 3, Bass Pro Shops announced that it is acquiring Cabela’s Incorporated for about $5.5 billion. The companies are expected to close the deal during the first half of 2017, according to an article …
Read More »Walmart Considers Investing in Online Retailer Flipkart
Walmart is taking some expensive steps to compete with online rival Amazon, and those include investments in existing online retail businesses. Wal-Mart Stores Inc. is talking about becoming a minority owner of Flipkart, India’s biggest online retailer, according to Fortune. News of the possible deal comes …
Read More »HoloLens Coming to Additional Lowe’s Locations
A revolutionary idea that came to a couple of Lowe’s stores earlier this year is spreading to a few more locations, and it will come with some new features, too. This past spring, Lowe’s partnered with Microsoft to pilot the …
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