Sears announced Thursday that it will begin selling Kenmore appliances on Amazon that feature Amazon’s smart home assistant Alexa, reports the Chicago Tribune. According to the article, Sears will sell Kenmore appliances that can be operated using Alexa’s voice-activation capabilities. …
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True Value Responds to Bloomberg Report Regarding Possible Sale
According to a Bloomberg report Monday, True Value Co. is “considering a sale that could value the home-improvement store chain at about $800 million.” People who asked not to be identified as they weren’t authorized to speak publicly say the company …
Read More »Home Depot Buys Power Equipment Company for $265M
The Home Depot has announced an agreement to purchase Compact Power Equipment Inc., a national provider of equipment rental and maintenance services, for $265 million in cash. The transaction, which Home Depot confirmed July 6, is expected to close by the …
Read More »Amazon to Acquire Whole Foods, Expand Brick-and-Mortar Footprint
On June 16, Amazon announced it would be acquiring the high-end grocery chain Whole Foods Market for $13.7 billion, reports The Wall Street Journal. The acquisition gives the online retailer a network of more than 460 stores “that could serve as beachheads for …
Read More »Sears Canada Files for Bankruptcy Protection
Sears Canada has filed for bankruptcy protection, according to a company report released Thursday. Over the past 18 months, Sears has taken on restructuring initiatives, including developing technology systems, redefining its brand positioning and updating its product assortment, according to the company. As …
Read More »Former Home Depot Exec Takes VP Post at Ace Hardware
Ace Hardware Corp. has hired former Home Depot executive John Sommers Jr. to serve as the co-op’s vice president of merchandising. Sommers, who starts with Ace on July 10, is a 23-year veteran of Home Depot and has worked in a variety of positions in …
Read More »A Year After Orlando Shooting, Hardware Store Continues Community Support
On the anniversary of the deadly Pulse nightclub shooting that unfolded just blocks from their store, the owner and employees of Toole’s Ace Hardware on South Orange Street in Orlando, Florida, banded together to support their community’s memorial event. On …
Read More »Sears Cuts 400 Jobs, Loses 3 Executives
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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