Less than two months after announcing it was closing all of its Canada stores, Target Corp. has committed to more cuts: U.S. corporate jobs. The Minneapolis-based retailer’s goal is to reduce costs by $2 billion over the next two years to …
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A heated debate between the CBS program “60 Minutes” and the well-known flooring company Lumber Liquidators has ensued following an episode of the Sunday-night television show. The CBS report claims Lumber Liquidators sold laminate flooring with higher levels of formaldehyde than permitted by California’s health …
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Home improvement retailers in the New Orleans area gathered this week to talk business with peers and leaders within the North American Retail Hardware Association. NRHA president and CEO Bill Lee and James Cabirac, NRHA board member and owner of Kief Hardware, hosted the retailers at a networking …
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Buying two wholesale companies and growing same-store sales boosted revenue for Ace Hardware Corp. in 2014. The home improvement co-op reported 2014 fiscal-year revenue of $4.7 billion, for growth of 13.2 percent year over year. Fourth-quarter revenue also increased, up 13.6 percent …
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Lowe’s reported sales increases for its fourth quarter of 2014, as well as for the fiscal year. The year’s sales were $56.2 billion, a 5.3-percent increase from 2013. Fourth-quarter sales totaled $12.5 billion, which was an increase of 7.3 percent from the …
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An improving economy and recovering housing market helped The Home Depot grow sales in 2014. Today, Home Depot reported 2014 fourth-quarter sales of $19.2 billion, which equates to an 8.3 percent increase from the fourth quarter of fiscal 2013. Comparable store sales in the U.S. were …
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Construction started on more homes in January than in the same month a year ago. The U.S. saw 1.07 million new housing starts in January, an increase of about 19 percent from January 2014, according to data from the National Association …
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Two 2014 recipients of the North American Retail Hardware Association Young Retailer of the Year awards are continuing to see benefits of the honor. Hardware Retailing got in touch with past honorees James Coté, owner of Osterville House & Garden, and Zach Coblentz, …
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