True Value Co. released its third-quarter financial results Nov. 16, reporting a 3.3 percent increase in comparable store sales. The co-op also reports comparable sales at Destination True Value stores are up 4.2 percent. “We are very pleased to see these …
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Ace Hardware’s Revenue Up Again in Q3
Ace Hardware Corp. reported growth in revenue and net income for the third quarter of 2017. The cooperative released its financial results Nov. 16, calling revenues of $1.34 billion a record for the company. Revenue for the quarter grew 9.1 percent …
Read More »Hurricanes Lift Home Depot in Third Quarter
In its third-quarter financial results released Nov. 14, The Home Depot says sales related to hurricanes “positively impacted comparable store sales growth by approximately $282 million.” The big-box home improvement retailer beat analysts’ projections for its overall sales and its comparable store sales …
Read More »Amazon Incentives: How Much Is Too Much?
As Amazon continues its search for a second headquarters somewhere in North America, the Los Angeles Times Editorial Board advises local and state governments to conduct a thorough economic analysis and get binding commitments before making final agreements with the …
Read More »Major Sears Shareholder Berkowitz Leaving Board of Directors
Bruce R. Berkowitz, one of Sears Holdings’ biggest investors and a board member, is leaving the company. Sears confirmed that Berkowitz has chosen to leave the board and will make his exit Oct. 31. He has served on the board of directors since February …
Read More »Menards Founder Is Wealthiest Person in Wisconsin
Menards founder John Menard Jr. is the wealthiest person in the state of Wisconsin, according to the Milwaukee Sentinel Journal. The newspaper reports that Menard’s net worth is $9.9 billion according to Forbes’ list of the 400 richest people in America. Eau Claire, Wisconsin, …
Read More »Sears Canada Moves to Liquidate Assets
Sears Canada Inc. will liquidate its assets and begin to “wind down” after its board rejected a business plan proposed by the company’s top executive, The Wall Street Journal reports. The board’s decision to liquidate most of the Canadian retailer’s …
Read More »Sears CEO Provides Retailer Another $100M Loan
Edward Lampert, CEO of Sears Holdings, has loaned the company an additional $100 million, the Chicago Tribune reports. Sears borrowed the money from affiliates of ESL Investments, Lampert’s hedge fund, which also agreed to lend the company up to $100 million more …
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