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Ace Hardware Corp. Sees Revenue, Same-Store Sales Growth

Ace Hardware

On Feb. 14, Ace Hardware Corp. reported revenue and same-store sales growth for fourth-quarter and full-year 2018. The co-op saw quarterly revenues of $1.4 billion, an increase of 5.7 percent from the fourth quarter in 2017. Revenues for the entire year …

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Amazon Cancels Plans to Build HQ2 in New York

amazon

Amazon has canceled plans to build one of the sites of its second headquarters in New York City, reports The New York Times. After being granted nearly $3 billion in financial incentives, the online giant faced stiff criticism from some …

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Home Depot Cuts Its Installation Staff

installation staff

Home Depot is laying off employees within its U.S. exterior installation staff, Business Insider reports. According to the article, the layoffs affect fewer than 1,000 employees. “After reviewing the installation business, we’ve decided it’s right to wind down our roofing, …

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Sears Emerges From Bankruptcy Proceedings

ESL Investments

Sears will live to sell another day, CNN reports. After reviewing a $5.2B bid to save the company, bankruptcy court judge Robert Drain approved the sale of most of Sears’ assets to ESL Investments, the hedge fund managed by Edward …

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U.S. Economy Adds Jobs for 100th Consecutive Month

economy

In the January 2019 jobs report, the Department of Labor revealed the U.S. economy added jobs for the 100th consecutive month, according to the Wall Street Journal. Total nonfarm payroll employment increased by 304,000 jobs in January, according to the …

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