Sears Holdings is continuing to look for ways to improve its business after reporting ongoing financial losses, and the company’s board of directors has decided to look at alternative approaches to selling its popular Kenmore, Craftsman and DieHard brands. The retailer has not reported what specific changes …
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Retailer Helps Victims of Ecuador Earthquake
When Wilson Bastidas heard that a 7.8 magnitude earthquake struck his home country of Ecuador on April 16, he was immediately ready to do what he could to help friends and family members who were affected. After about three hours …
Read More »NRHA Introduces Prescription Savings Program
The North American Hardware Association (NRHA) has launched a program to offer retailers an alternative way to get prescription medications at a discounted rate. These savings are made possible by RxCut®, a savings card program that is now available to …
Read More »Millennials More Likely to Live With Parents vs. Romantic Partners
For the first time in 130 years, young adults under age 35 aren’t getting married or setting up households with romantic partners as often as they’re living with their parents. A new Pew Research Center analysis of census data shows that millennials aren’t settling …
Read More »Law to Regulate Chemicals in Everyday Products
A proposed federal law to protect consumers and workers could become the first major update to the Toxic Substances Control Act in about 40 years. U.S. House and Senate negotiators this month came to an agreement to help set safety standards for unregulated chemicals, according …
Read More »Predicting the Impact of New Overtime Regulations
Due to new federal regulations, many more American workers will soon be eligible for overtime pay, and the effects could be extensive. The new regulations are causing concern in the retail industry because, under the new overtime rules, many store managers and assistant managers …
Read More »Ex-Home Depot Exec Leads J.C. Penney Into Appliance Wars
J.C. Penney is scaling up its home products business this year, and venturing back into appliance sales at 500 stores after a decades-long hiatus. The changes are coming after a successful appliance pilot program in three markets and under the leadership of CEO Marvin …
Read More »Lowe’s Canada Proceeds With Expansion Plans
Lowe’s Canada is growing its presence, and part of that process includes moving into former Target buildings. The first location in an old Target Canada store is slated to open in late summer on Vancouver Island, says Lowe’s Canada spokeswoman Sandy Indig …
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