The Pittsburgh Paints Company (PPC) notified customers that it will implement price increases of 5.8% on its products beginning August 15, citing rising production and distribution costs. Additional higher increases on a smaller group of products were also announced, but …
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Father’s Day Spending to Reach New High
Father’s Day is around the corner, and spending is expected to reach a record $24 billion this year, according to the annual Father’s Day survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. The new high …
Read More »Lowe’s Reports 1.04% Decrease in Total Sales for Q1 2025
Lowe’s reported its Q1 2025 financials, marking $20.9 billion in total sales, a 1.04% decrease year over year. Comparable store sales for the quarter decreased 1.7% as unfavorable weather early in the quarter was offset by mid-single-digit pro and online …
Read More »Comp Store Sales Down for Tractor Supply in Q1 2025
Tractor Supply Company released its Q1 2025 financials, showing a 0.9% decrease in comparable store sales compared to an increase of 1.1% in Q1 2024. Net sales for Q1 2025 increased 2.1% to $3.47 billion from $3.39 billion in Q1 …
Read More »Lowe’s Reports Q4 2024 Financials
Lowe’s Companies reported a comparable sales increase of 0.2% in Q4 2024, driven by high single-digit pro and online comparable sales, a strong holiday performance and rebuilding efforts after recent hurricanes. Total sales for the quarter were $18.6 billion. “Our results …
Read More »The Home Depot Records Strong Q4 2024
Home Depot recently released its fourth quarter 2024 and fiscal 2024 financial data. Q4 2024 Sales for the fourth quarter of fiscal 2024 were $39.7 billion, a $4.9 billion or 14.1% increase year over year. Comparable sales also increased 0.8% …
Read More »January Sales Drop Despite Strong December
Shoppers spent less in January than they did during the busy holiday months but retail sales still had strong sales year over year according to the CNBC/NRF Retail Monitor. “Consumers pulled back in January, taking a breather after a stronger-than-expected …
Read More »Ace Retail Holdings Announces Three Key Promotions
Ace Retail Holdings, the parent company of Westlake Ace Hardware, Great Lakes Ace Hardware and other retail hardware brands, announced three key promotions. John Mitter, former vice president of finance for Great Lakes Ace Hardware, has been promoted to …
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