Home » Author Archives: Todd Taber

Author Archives: Todd Taber

Sears Hometown to Close up to 100 Stores

sears hometown

Sears Hometown and Outlet Stores Inc. will close up to 100 of its 882 stores, the company announced in its first-quarter 2018 financial results. Sears Hometown and Outlet Stores is a branch of Sears Holdings Corp. that mainly sells appliances, ... Read More »

Survey Says Retail ‘Shrink’ Declined in 2017

shrink

A new survey from the National Retail Federation (NRF) and the University of Florida says that retail “shrink,” or losses from theft, fraud and other causes, decreased in 2017. Financial losses from retail shrink were $46.8 billion in 2017, down ... Read More »

Report Says Lowe’s Requires Employees to Sign Arbitration Agreements

Arbitration

Lowe’s is requiring its salaried managers and assistant managers to sign binding arbitration agreements or possibly lose their bonuses, the HuffPost reports. The contract prevents employees from pursuing legal action against the big-box retailer in court or joining any class-action lawsuits ... Read More »

Former NRHA President Blair Douglas Dies

Blair Douglas

Blair Douglas, past president of both the Canadian Retail Hardware Association and the North American Retail Hardware Association, died in Caledonia, Nova Scotia, Canada, on May 29. He was 65 years old. Douglas was born in Caledonia, Nova Scotia, and ... Read More »

Spoga+Gafa 2018 Presents the Latest Trends in Gardening and Outdoor Living

spoga+gafa 2018

Visitors to spoga+gafa 2018 in Cologne, Germany, will preview the newest innovations in green and outdoor living products at the world’s largest garden trade show. Spoga+gafa 2018 is scheduled for Sept. 2-4 and will cover about 2.5 million square feet ... Read More »

Sears to Close 63 Stores; CEO Seeks Financial Partners

Sears Holdings

After closing about 400 stores in the last year, Sears has confirmed that it is set to close 63 additional locations in September. These closures include 48 Sears stores and 15 Kmarts, according to the company. The retailer published a list ... Read More »

U.S. Home Improvement Market Shows Growth

home improvement market

Click the picture to download a PDF of this story. Sponsored by HIRI | HIRI.org The Home Improvement Research Institute (HIRI) has released its Home Improvement Products Market Forecast Update. The study provides updated estimates of the size and overall value of ... Read More »

Lowe’s Grows Net Earnings in First Quarter

lowe's

Lowe’s released its first-quarter 2018 financial results on May 23, reporting net earnings of $988 million. The company released this information the day after naming Marvin Ellison as the new president and CEO of Lowe’s, effective July 2. The quarterly results represent ... Read More »