Sears Canada is scheduled to open a massive southeast distribution center in southeast Canada. According to the retailer, the center is planned to improve delivery times. According to the Calgary Herald, the 240,000-square-foot facility will employ about 200 people and features …
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Home Depot Security Gets Hacked
Home Depot CEO Frank Blake addressed the company’s possible credit card breach for the first time today, although he refused to confirm wether an actual breach officially occurred. At an investor conference, he said the do-it-yourself retailer learned about the potential breach …
Read More »Home Depot Partners with Yardi to Serve Property Owners and Managers
A recent partnership between the Home Depot and Yardi, a real estate investment software company, now offer Yardi clients easy access to The Home Depot product line in store or online. According to an article by marketwatch.com, the Yardi Procure …
Read More »Lowe’s Hit with False Advertising Suit
Lowe’s has been ordered to pay $1.6 million to settle a lawsuit alleging inaccurate and misleading advertising. According to Marin News, the settlement, ordered by Marin Superior Court Judge Paul M. Haakenson, is the culmination of a civil enforcement action …
Read More »Consumers Demand Peace of Mind from Products
A new national study conducted for Lowe’s reveals that security/safety is the primary driver behind consumers’ desires to purchase home automation equipment. Cost remains the barrier. According to CEPro, the data from the Lowe’s 2014 Smart Home Survey reveals that a …
Read More »Sears to Close 35 More Stores as it Boosts Online Presence
Sears is shutting 130 stores across the country. According to SILive.com, after already closing 95 stores, the retailer says it will shut down 35 more. Sears Holding Co. says there could be more stores shut down in the future as well. …
Read More »Home Depot Attributes Q2 Success to Appliances and Housing Market
Home Depot announced second quarter results, with comparable store sales in the positive numbers, up 5.8 percent across the entire company, and positive 6.4 percent across U.S. stores. In the second quarter of fiscal 2014, sales were reported at $23.8 …
Read More »Lowe’s Q2 Up, Company Still Downgrades Financial Targets
On August 20, Lowe’s announced second quarter fiscal 2014 results. Although comparable sales were up 4.4 percent for the quarter, the home improvement chain scaled back on full-year financial targets. Sales for the second quarter increased 5.7 percent to $16.6 …
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