A Florida judge has ordered Lowe’s Home Centers Inc. to pay $4.6 million to human resources employees and their attorneys in a nationwide class-action lawsuit. The Lowe’s human resources employees had sued the home improvement retailer in 2012, claiming that Lowe’s …
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Hardware Retailers Refuse to Open on Thanksgiving
Hardware retailers were among store chains making a point to keep their businesses closed on Thanksgiving this year. Home Depot and Ace Hardware both announced via social media that their stores would be closed on the holiday. Home Depot asked its …
Read More »Home Depot Varies Online Prices Depending on the Customer
Researchers argue in a recent study that many retailers, including Home Depot, use histories of online shoppers’ activity not only to customize movie recommendations or product suggestions on websites, but also to set individual prices for items. Retailers use data …
Read More »Ace Hardware Makes “Best Retailers for Black Friday” List
Black Friday is known as one of the biggest retail days of the year, when customers rush to get holiday shopping accomplished and find great deals. According to Wallethub’s “Best Retailers for Black Friday” list, Ace Hardware, along with JCPenney, …
Read More »How Amazon, Home Depot and Lowe’s Compare on Power Tools Pricing
With Black Friday about a week away, retailers are pulling out all the stops with their pricing strategies. The company 360pi, which analyzes product and pricing data, recently examined the pricing numbers for power tools at Amazon, Home Depot and Lowe’s. According to …
Read More »Target’s New App Makes In-Store Shopping Easy
Rather than ignoring the fact that consumers are using their mobile devices to shop while in the store, Target tackled the challenge head-on through its mobile app. Using location-based technology from Point Inside, Target’s app allows customers to pick a …
Read More »Lowe’s Welcomes McCanless Back in Executive Role
Lowe’s announced in a press release that Ross W. (Bill) McCanless will be joining the company as the general counsel, secretary and chief compliance officer starting Jan. 12. McCanless is returning to Lowe’s top legal role, which he held from 2003 to 2006, according …
Read More »Lowe’s Announces Third Quarter Results
According to a press release by Lowe’s, the company announced net earnings of $585 million for the third quarter, which ended Oct. 31. These earnings were a 17.3-percent increase over the same period a year ago. Diluted earnings per share …
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