Sears Holdings is continuing to look for ways to improve its business after reporting ongoing financial losses, and the company’s board of directors has decided to look at alternative approaches to selling its popular Kenmore, Craftsman and DieHard brands. The retailer has not reported what specific changes …
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Lowe’s hasn’t yet sold its share of a failed home improvement business in Australia, but other big-box retailers, including a large South African company, have expressed interest in buying the venture. The home improvement business includes 63 Masters Home Improvement stores, as well as multiple …
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First-quarter earnings data is out for The Home Depot, Lowe’s Companies, Inc., Ace Hardware Corp. and True Value Co., and the numbers are up for the big-box retailers and the co-ops. Home improvement businesses aren’t suffering the same slumps as clothing stores and other …
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Lowe’s Companies, Inc. just expanded dramatically in Canada by finalizing its purchase of Canadian company RONA Inc. The American retailer announced May 20 that it has completed its purchase of RONA Inc. as planned in a transaction valued at $2.4 billion. The acquisition …
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Today, home improvement retailer Lowe’s announced its first quarter sales and earnings in fiscal 2016. The results brought increases in both sales and comparable store sales for Lowe’s, which follows the announcement of similar better-than-expected earnings from rival Home Depot yesterday. …
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The Home Depot’s overall and comparable U.S. store sales were up in the first quarter, boosting the company’s expectations for sales growth for all of 2016. The numbers reflect “our stronger than expected start to the year,” Craig Menear, CEO, president and …
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Sears has big plans for some small stores. If a pilot program goes well, then Sears Holdings Corp. will add a store format that is much smaller than its stores have been in the past, according to an article from …
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Walmart is suing Visa, saying the credit card company is not letting it require customers to use PINs rather than signatures to secure purchases made with chip-embedded debit cards. The lawsuit “could stoke the continuing debate about how to balance security and convenience …
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