Ace Hardware Corp. and Lowe’s both recently released their second-quarter 2018 financial results. Earnings were up for both companies, but dive into their separate reports to get the full story on how these home improvement companies are faring at the …
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Ace Hardware Reports Revenue and Sales Increases for Second Quarter
Ace Hardware Corp. reported Aug. 22 that it achieved growth in revenues, sales and income during the second quarter of 2018. The company’s revenues were $1.6 billion for the quarter, an increase of 6.4 percent from second-quarter 2017. The co-op …
Read More »Lowe’s Reports Q2 Sales, Names New CFO
Many changes are coming to Lowe’s. Today, the big-box retailer reported its second-quarter sales and earnings. The company also announced its decision to close all Orchard Supply Hardware stores, named its newest executive and revealed its strategic plans moving forward. …
Read More »Home Depot Q2 Earnings Show Higher Sales, Increase in Online Shopping
The Home Depot today announced its second-quarter 2018 financial results, citing sales increases due to a boost in activity among DIYers and contractors. The big-box home improvement chain earned $30.5 billion in sales during the second quarter of fiscal 2018, which …
Read More »Consumer Spending on Retail Increased in June
The U.S. Department of Commerce announced that consumer spending on retail sales, which includes spending at stores, websites and restaurants, rose 0.5 percent in June from May’s figure, The Wall Street Journal reports. Consumer spending, contributes more than two-thirds to …
Read More »Sears Hometown to Close Up to 100 Stores
Sears Hometown and Outlet Stores Inc. will close up to 100 of its 882 stores, the company announced in its first-quarter 2018 financial results. Sears Hometown and Outlet Stores is a Sears spinoff company that mainly sells appliances, hardware, tools …
Read More »5 Financial Points You Should Be Watching
When it comes to the financial side of your business, are you paying close attention to the metrics that have a large impact on your bottom line? Below are five ways participating in the North American Retail Hardware Association’s (NRHA) …
Read More »Lowe’s Grows Net Earnings in First Quarter
Lowe’s released its first-quarter 2018 financial results on May 23, reporting net earnings of $988 million. The company released this information the day after naming Marvin Ellison as the new president and CEO of Lowe’s, effective July 2. The quarterly results represent …
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