Big-box home improvement retailer Home Depot has released its second-quarter 2019 financial results, reporting second-quarter sales of $30.8 billion. This figure represents a 1.2 percent increase over the same period in 2018 and a 16.6 percent increase over the company’s …
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U.S. Homebuilder Confidence Rises
U.S. homebuilders are feeling more confident about the economy and their trade, based on the latest Housing Market Index released by the National Association of Home Builders (NAHB) and Wells Fargo. Overall, homebuilder confidence rose to 66 points in August, …
Read More »Retailers Talk Lawn and Garden Trends at NRHA IGC Event
The 2019 Independent Garden Center Show (IGC Show) landed in Chicago yesterday, and this year, there was even more activity on the show floor. Three additional events were co-located at this year’s IGC Show, including two from the North American …
Read More »NRHA New England Road Trip Shows Strength of Independent Retail
In order to stay connected with retailers like you, the North American Retail Hardware Association (NRHA) makes it a point to get out and visit as many independent hardware stores, home centers and lumberyards in North America as we can. …
Read More »FedEx Delivers Big News to Amazon
Shipping giant FedEx has told Amazon it does not plan to renew its ground delivery contract with the e-retailer when it expires later this month, reports the Los Angeles Times. The news comes after Amazon has begun developing its own …
Read More »STIHL Joins National Workforce Initiative
Students attending STIHL Inc.’s Manufacturing Technology Summer Camp, held in July at the company’s headquarters in Virginia Beach, Virginia, had a surprise visitor. U.S. Secretary of Commerce Wilbur Ross showed up to promote the White House’s Pledge to America’s Workers …
Read More »Lowe’s Lays Off Thousands of Employees
Lowe’s has eliminated thousands of positions across the company, including many maintenance and assembly employees, reports The Wall Street Journal. Many of the workers affected by the announcement put together “grills, wheelbarrows and other products,” according to the report. Now, …
Read More »Home Depot CFO Chats Millennials, Pro Services
Appearing on CNBC’s “Mad Money,” Home Depot executive vice president and CFO Carol Tomé gave insight into the company’s interest in millennial homeowners, how it’s using technology to personalize retail experiences for pro customers and how home improvement leadership has …
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