True Value Co. released its third-quarter financial results Nov. 16, reporting a 3.3 percent increase in comparable store sales. The co-op also reports comparable sales at Destination True Value stores are up 4.2 percent. “We are very pleased to see these …
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Ace Hardware’s Revenue Up Again in Q3
Ace Hardware Corp. reported growth in revenue and net income for the third quarter of 2017. The cooperative released its financial results Nov. 16, calling revenues of $1.34 billion a record for the company. Revenue for the quarter grew 9.1 percent …
Read More »Walmart Tests New Pricing Strategy to Boost Online Margins, In-Store Sales
Walmart is testing a pricing strategy to boost margins for online purchases and drive in-store sales, reports The Wall Street Journal. The big-box retailer is selling products online at slightly higher prices than the same product in its stores as …
Read More »Hurricanes Lift Home Depot in Third Quarter
In its third-quarter financial results released Nov. 14, The Home Depot says sales related to hurricanes “positively impacted comparable store sales growth by approximately $282 million.” The big-box home improvement retailer beat analysts’ projections for its overall sales and its comparable store sales …
Read More »Westlake Ace to Acquire 7-Store Operation in Chicago
Westlake Ace Hardware announced today it has entered into an agreement to acquire Buikema’s Ace Hardware, an independently owned business that operates seven stores in the Chicago area. The acquisition will be finalized on Jan. 2, 2018. According to Westlake, Buikema’s …
Read More »Walmart’s Marc Lore Discusses Retailer’s Online Acquisition Strategy
Speaking with the Wall Street Journal, Walmart’s e-commerce chief Marc Lore discussed the importance of recent online acquisitions and Walmart’s ongoing plans to complete digitally. After recently acquiring many online companies, including ShoeBuy, Bonobos, ModCloth and delivery company Parcel, Lore …
Read More »Home Depot Ditches Chemicals, Focuses on Green Goods
Home Depot is following in the footsteps of its big-box competitors like Walmart and Target to “disclose the chemicals in the products they sell and remove them whenever possible,” according to an article by Bloomberg. This news comes out of the company’s …
Read More »Sears, Whirlpool End 101-Year Partnership
In an employee memo sent last week, Sears Holdings Corp. announced it will no longer sell Whirlpool products at its stores, ending a partnership between the two companies that has spanned more than a century, reports the Chicago Tribune. Effective …
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