Shoppers at all Lowe’s locations can now use the Product Locator capability to search for products and instantly see the items’ locations on a detailed store map using Lowe’s iOS and Android mobile apps or Lowe’s mobile-optimized website. All in-stock …
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RETAIL THERAPY: The Right Stuff
When I was younger I wanted to open a chain of stores. The stores would be part shoe retailer, part hair salon and part pub, and I wanted to name them Jaime’s Shoes, Dos and Brews. While this was just …
Read More »Lowe’s Net Earnings, Same-Store Sales Up in Third Quarter
Lowe’s reported third-quarter net earnings of $499 million, up 26 percent from the same period last year but below the $503.5 million estimate, and a 6.2 percent increase in same-store sales. Sales were also up 7.3 percent to $13 billion, …
Read More »Home Depot Reports Third-Quarter Growth
Home Depot today reported sales of $19.5 billion for the third quarter, a 7.4 percent increase from the third quarter last year. Comparable-store sales for the quarter of were up 7.4 percent and comp sales for U.S. stores were up …
Read More »Rona Revenues Down in Third Quarter
Canadian home improvement retailer Rona Inc. reported a decline in same-store sales for the third quarter due “relatively unfavorable market conditions during the quarter,” according to the company. The retailer reported revenues from continuing operations of about $1.17 billion in the …
Read More »Home Depot Issues Apology for ‘Stupid, Offensive’ Tweet
Home Depot has fired an outside agency that created what it called a “stupid and offensive” ESPN College GameDay photo tweet that featured two African-Americans and an individual dressed as a monkey, with two beating drums, according to the Atlanta …
Read More »Home Depot’s Redbeacon Expands to 6 More States
Home Depot is accelerating the national rollout of its online referral service Redbeacon to tap demand from homeowners who don’t want to do fix-it projects themselves, Bloomberg reported last week. Redbeacon, which connects consumers with painters, plumbers, carpenters and maids, …
Read More »Home Depot Cutting Health Insurance Coverage for 20,000 Employees
Home Depot plans to end medical coverage for about 20,000 part-time employees and direct them to government-sponsored exchanges scheduled to open next month, Bloomberg reported Thursday. Employees with fewer than 30 hours a week will no longer be offered limited …
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