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Tag Archives: Industry News

Great Lakes Ace to Open New Ohio Store in 2026

Great Lakes Ace new store

Great Lakes Ace announced it has signed an agreement to open a new, 13,000-square-foot store in Cincinnati, Ohio. The store’s soft opening is planned for the first quarter of 2026. “Great Lakes Ace is excited to open a new location …

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Ace Hardware Announces Changes to Board of Directors

Ace Board of Directors

Ace Hardware Corporation announced changes to the company’s board of directors following its 2025 annual stockholders meeting. Director David Majure was elected to his first term on Ace’s board of directors, and Kristen Pellicer and Steven Burggraf were re-elected to the …

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Consumer Confidence Up in May

consumer confidence January 2026

Consumer confidence surged in May, with The Conference Board’s Consumer Confidence Index, rising 12.3 points to 98.0, more than a 10-point increase from April. “Consumer confidence improved in May after five consecutive months of decline,” says Stephanie Guichard, senior economist, …

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Target Reports 2.8% Decrease in Net Sales for Q1 2025

Target Q1 2025 financials

Target Corporation released its financial results for Q1 2025, reporting net sales in Q1 of $28.8 billion, down 2.8% from Q1 of 2024 due to a decrease in merchandise sales.  Comparable store sales decreased 3.8% in the first quarter, reflecting …

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Walmart Sees $108.7 Billion in Net Sales in Q1 2025

Walmart Q1 2025

Walmart recently released its financial results for the first quarter of 2025. Net sales for the quarter reached $108.7 billion, led by growth in the health and wellness and grocery categories. Walmart reported an increase of 4.5% in comparable store …

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Lowe’s Expands Online Marketplace With New Partnership

Lowe's Marketplace Partnership

Lowe’s is bringing its customers more options than ever through its new online marketplace, launched in December 2024. Now, Lowe’s is accelerating the growth of its marketplace with a partnership with Mirakl, a global marketplace technology company. Through this partnership, …

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