While the retail industry has been facing plenty of road blocks, especially in clothing and department stores, the home improvement industry continues to show strength. The Home Depot’s first quarter 2017 financial results highlight growth and topped analysts’ expectations, according to CNBC. Today, Home …
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What the Big-Box CEOs Earned in 2016
Financial reports from big-box retailers provide insight into what the world’s top retail executives are worth in dollars. For example, Walmart’s sales outpace Home Depot’s and Lowe’s sales by hundreds of billions of dollars, but CEO Doug McMillon’s base salary matches what …
Read More »US Lumberyards Expected New Tariff, ‘Domino Effect’ on Prices
A new U.S. tariff on imported Canadian softwood lumber, such as pine, is the latest change to an old trade debate between the two countries. The U.S. government, as of late April, is implementing a 20 percent tariff, or import …
Read More »Sears Replaces CFO, Cuts More Costs
Sears Holdings Corp. has now had three people serve in the role of chief financial officer in less than 12 months, The Wall Street Journal reports. The company named Rob Riecker as chief financial officer, starting this month. He was previously controller and …
Read More »How Do These Public Companies Stack Up?
The annual reports for your publicly traded competitors are out, and here is how some of the companies compare. Walmart, which is still the world’s largest brick-and-mortar retailer, had sales increase by less than 1 percent from the 2015 calendar …
Read More »Lessons to Learn From Sears’ Mistakes
When Sears Holdings recently announced it has “substantial doubt” about its ability to continue its business, it confirmed the fact that the retailer has many more struggles to face. While Sears was once considered “America’s largest retailer,” its recent problems provide lessons for independent …
Read More »If Sears Goes Bankrupt, Will Stanley Lose Craftsman?
Sears Holdings Corp. has acknowledged “substantial doubt” in its ability to stay out of bankruptcy, which may kill recent sales of its businesses, such as Craftsman. The struggling retailer released its annual report on Tuesday, and the news was dismal. Based on information from …
Read More »True Value Releases 2016 Year-End Results
True Value Company today released its year-end results for fiscal 2016, which included increases in gross billings, retail comp-store sales, net margin and more. The co-op reported total gross billings of $2,073.7 million for the fiscal year ending Dec. 31, up 2 percent. …
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