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Tag Archives: slider

If Sears Goes Bankrupt, Will Stanley Lose Craftsman?

Sears Brand

Sears Holdings Corp. has acknowledged “substantial doubt” in its ability to stay out of bankruptcy, which may kill recent sales of its businesses, such as Craftsman. The struggling retailer released its annual report on Tuesday, and the news was dismal. Based on information from …

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True Value Releases 2016 Year-End Results

true value fall reunion

True Value Company today released its year-end results for fiscal 2016, which included increases in gross billings, retail comp-store sales, net margin and more. The co-op reported total gross billings of $2,073.7 million for the fiscal year ending Dec. 31, up 2 percent. …

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Home Depot to Pay Another $25M in Data Breach Settlement

data breach

Home Depot is adding a $25 million settlement with banks and credit card companies to its rising data breach costs, which are nearing $200 million total. In September 2014, the retailer confirmed the massive data breach, which exposed payment card information from more than 50 million customers. …

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J.C. Penney Sees More Opportunities in Home Improvement

Grebstein

J.C. Penney has started selling products such as bathtubs and power tools online and is expanding its services in some markets with basic bathroom remodels, The Dallas Morning News reports. The department store forayed into home improvement in 2016 by selling kitchen and laundry appliances in …

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Amid Employee Layoffs, Lowe’s Reports Profitable Q4

Lowe's

Fourth-quarter earnings increased for Lowe’s, following the company’s announcement of additional layoffs at its corporate headquarters and two support facilities. On March 1, the big-box retailer reported net earnings of $663 million, up by $11 million during the fourth quarter of 2015. Sales for the fourth quarter increased to …

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