Target reported Thursday that its stores have been hit by a major credit-card attack involving up to 40 million accounts. Chief Executive Officer Greg Steinhafel confirmed earlier reports that a brazen data breach had taken place. In a statement, Steinhafel …
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Home Depot Looks to Offer Same-Day Delivery
Home Depot has announced plans to open new fulfillment centers in California, Atlanta and Ohio over the next two years in an effort to build the capability to offer same-day delivery. The move will cost the retailer at least $300 …
Read More »Lowe’s Unveils New Product Locator
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 …
Read More »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 …
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