In its fourth-quarter 2018 financial results, big-box retailer Lowe’s reports a net loss of $824 million. This figure is in contrast to net earnings of $554 million during the same period in 2017. Sales for the fourth quarter came to …
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Sears and Amazon Share Similar Pasts, Divergent Futures
Click the picture to download a PDF of this story. By Todd Taber, ttaber@nrha.org Reinvention of the Retail Giant Founded nearly a century apart, Sears and Amazon echo one another through the decades. Both companies began as small startups indistinguishable from most. Sears …
Read More »Home Depot Reports Q4, 2018 Financial Results
Home Depot has announced its financial results for the fourth quarter of 2018 and for the year overall. In total, the company reported sales of $26.5 billion for the fourth quarter of 2018, which represents a 10.9 percent increase over …
Read More »Ace Hardware Corp. Sees Revenue, Same-Store Sales Growth
On Feb. 14, Ace Hardware Corp. reported revenue and same-store sales growth for fourth-quarter and full-year 2018. The co-op saw quarterly revenues of $1.4 billion, an increase of 5.7 percent from the fourth quarter in 2017. Revenues for the entire year …
Read More »Taking Stock of New Tax Guidelines
A new report from the Associated Press outlines some of the federal tax changes small business owners should be aware of as they begin filing their annual returns. Take a moment to review a few of the tax changes for …
Read More »U.S. Economy Adds Jobs for 100th Consecutive Month
In the January 2019 jobs report, the Department of Labor revealed the U.S. economy added jobs for the 100th consecutive month, according to the Wall Street Journal. Total nonfarm payroll employment increased by 304,000 jobs in January, according to the …
Read More »A Close Eye on 2019 Retail Trends
As the holiday shopping rush settles, many retailers are ready to look forward and see what retail trends and innovations may be on the horizon for the year ahead. The National Retail Federation Weighs In Matthew Shay, president and CEO …
Read More »Lowe’s Outlines Transformation, Opens New Fulfillment Center
While meeting with analysts and investors, Lowe’s is solidifying its company priorities and financial goals, the company states in a press release. Describing a “complex retail environment,” Lowe’s president and CEO Marvin R. Ellison says the company is taking steps …
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