Big-box home improvement chain Tractor Supply Co. announced its second-quarter 2020 financial results, reporting record sales and earnings. In total, the company’s net sales for the second quarter of the year hit $3.2 billion, a 35 percent increase over the …
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Lowe’s president and CEO Marvin Ellison recently discussed how the big-box home improvement chain is adapting to serve customers during COVID-19, prioritize shopper safety and respond to nationwide social movements. Ellison was the latest guest in the National Retail Federation‘s …
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According to a recent survey from the Home Improvement Research Institute, 44 percent of appliance purchases went to big-box stores when they were in the market for a new large appliance. While those sales represent a significant segment of the …
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Target has announced plans to increase its minimum wage for employees to $15 per hour, up from its current rate of $13, CNN reports. The new pay rate will apply to 275,000 part-time and full-time employees at its retail spaces, …
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Hardlines is keeping Canadian retailers informed on the ways COVID-19 is impacting their home improvement stores. Check back each week for an update on the latest headlines affecting home improvement retail in Canada. New Lowe’s DC Will Be Western Canada’s Largest …
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Big-box home improvement retailers Home Depot and Lowe’s announced their first-quarter 2020 financial results this week. For both retailers, sales rose over the same period in 2019. Explore how each company fared in the first quarter of 2020 and learn …
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In its first-quarter 2020 financial results, big-box retailer Target reports total revenue of $19.6 billion, an 11.3 percent rise from the same period in 2019. While its stores remained open amid COVID-19 in the U.S., Target also experienced significant digital …
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Big-box home improvement chain Lowe’s has announced net sales of $19.7 billion in the first quarter of 2020, an 11.3 percent increase over the same period in 2019. Sales grew more than 23 percent over results from the fourth quarter …
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