Big-box home improvement retailer Home Depot has released its second-quarter 2019 financial results, reporting second-quarter sales of $30.8 billion. This figure represents a 1.2 percent increase over the same period in 2018 and a 16.6 percent increase over the company’s …
Read More »Tag Archives: big box
FedEx Delivers Big News to Amazon
Shipping giant FedEx has told Amazon it does not plan to renew its ground delivery contract with the e-retailer when it expires later this month, reports the Los Angeles Times. The news comes after Amazon has begun developing its own …
Read More »Lowe’s Lays Off Thousands of Employees
Lowe’s has eliminated thousands of positions across the company, including many maintenance and assembly employees, reports The Wall Street Journal. Many of the workers affected by the announcement put together “grills, wheelbarrows and other products,” according to the report. Now, …
Read More »Home Depot CFO Chats Millennials, Pro Services
Appearing on CNBC’s “Mad Money,” Home Depot executive vice president and CFO Carol Tomé gave insight into the company’s interest in millennial homeowners, how it’s using technology to personalize retail experiences for pro customers and how home improvement leadership has …
Read More »Amazon Prime Day Sets Records, Retail Trends
Amazon Prime Day, the e-commerce giant’s annual shopping event, set new records for the company, leading to more sales than Amazon’s Black Friday and Cyber Monday events combined. Amazon says that worldwide, Prime members purchased more than 175 million items …
Read More »Sears Suffers Widespread Outages
Sears employees were unable to complete home deliveries, service appointments or accept noncash payments at its stores for three days in late June, Business Insider reports. In addition, shoppers could not make returns, pick up online orders or access their …
Read More »Lowe’s Details Plans for New Technology Hub
Lowe’s has announced plans to construct a global technology hub in Charlotte, North Carolina, the company confirms. The company says that, once complete, the center will employ approximately 2,000 information technology (IT) workers to help “accelerate the … company’s technology …
Read More »Target Faces Weekend POS Outages
On June 15 and 16, Target locations across the U.S. were hit by POS outages that impeded sales and frustrated customers, reports the Star Tribune. Bar scanners stopped working for several hours on Saturday, causing cashiers to enter barcodes by …
Read More »