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Tag Archives: slider

Sears Cuts 400 Jobs, Loses 3 Executives

sears

As part of its restructuring plan to cut $1.25 billion from its expenditures in fiscal year 2017, Sears Holdings Corp. is cutting 400 positions from its headquarters and field operations, the company reports. At the start of the fiscal year, …

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Iowa Retailer Dies at 103, Leaves Hardware Legacy

Whannel Hardware

For decades, customers who shopped at Whannel Hardware in Traer, Iowa, knew they could find helpful home improvement advice, a smile and a laugh from the store’s longtime owner, LeRoy Whannel. Even at the age of 103, the business was …

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Lowe’s Lays Off About 125 Tech Employees

chemicals

Lowe’s has laid off approximately 125 of its corporate technology employees and will move many of their positions to Bangalore, India, according to The Charlotte Observer. These layoffs are the latest of many staff cuts for Lowe’s, which has eliminated about …

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Sears to Close 72 More Stores

Sears Canada

Sears Holdings Corp. announced internally Tuesday that it would close 72 additional retail locations by September, according to Business Insider. The closures are in addition to the 180 stores the retailer has shuttered since the beginning of the year. Included in …

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Sherwin-Williams’ Valspar Acquisition Approved

Sherwin-Williams Q3

Last Friday, federal regulators approved Sherwin-Williams’ acquisition of Valspar Corp. as both companies agreed to sell Valspar’s North American Industrial Wood Coatings Business, reports Reuters. Valspar sold its coatings business, which manufactures stains, sealants and other coatings products, to Axalta in …

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True Value Reports Small Q1 Declines

true value fall reunion

This week, True Value Co. reported a decrease in both revenue and gross billings, citing unfavorable weather patterns that led to a decline in retail traffic for the first quarter. The co-op posted gross billings of $502 million through the …

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Sears Reports ‘Challenging Quarter’ With 20 Percent Loss

Sears Canada

Sears Holdings Corp. reported a 20 percent year-over-year revenue loss in its first-quarter financial results, which the company attributed to having fewer operational stores. The struggling retailer also noted an 11.9 percent decline in comparable store sales. Kmart stores lost sales in …

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