This year, Amazon Prime Day will take place across four days from July 8-11 and has prompted other major retailers to respond with their own weeklong sales in hopes to compete with the e-commerce giant. Target announced it will be bringing …
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Q1 2025 Financials Round-Up
During the first quarter of 2025, big-box home improvement retailers Lowe’s, Home Depot and Tractor Supply Company saw year-over-year increases in net sales but declines in net earnings. See the round-up and side-by-side comparisons below and read the full stories …
Read More »Target Reports 2.8% Decrease in Net Sales for Q1 2025
Target Corporation released its financial results for Q1 2025, reporting net sales in Q1 of $28.8 billion, down 2.8% from Q1 of 2024 due to a decrease in merchandise sales. Comparable store sales decreased 3.8% in the first quarter, reflecting …
Read More »Target Customers Satisfied With Updated Self-Checkout
In March 2024, Target debuted its Express Self-Checkout with limits of 10 items or less at most of its locations. One year later, Target says its self-checkout update has improved its total transaction times by 8% across both self-checkout and …
Read More »Target Releases 2024 Q4 and Full-Year Financials
Target recently announced financial results for the full year and fourth-quarter of 2024. Total comparable sales increased 1.5% in the fourth quarter, reflecting a 0.5% decrease in comparable store sales. Net sales reached $30.9 billion, 3.1% lower in Q4 2024 …
Read More »Big-Box Retailers Adjust Store Hours for the Holidays
As over 180 million people are planning their in-store shopping during the Thanksgiving holiday weekend, some big-box retailers have changed their store hours, causing confusing for some shoppers. Hardware Retailing has compiled a list of some of the nation’s largest …
Read More »Target Releases Q3 Financials
Target announced its financial results for the third quarter of 2024, noting strength in the digital channel as a main driver of sales growth. Comparable sales increased 0.3% in Q3, with digital sales increasing by 10.8%, due to same-day delivery …
Read More »How Big-Box Retailers Are Using AI
In the August issue of Hardware Retailing, retailers and wholesalers shared the ways they are using artificial intelligence (AI) in their operations. The ways retailers are using AI run the gamut from marketing to inventory management to loss prevention and …
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