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Hurricanes Lift Home Depot in Third Quarter

hurricanes

In its third-quarter financial results released Nov. 14, The Home Depot says sales related to hurricanes “positively impacted comparable store sales growth by approximately $282 million.” The big-box home improvement retailer beat analysts’ projections for its overall sales and its comparable store sales ... Read More »

Lowe’s Puts ‘Lab-Like’ Smart Home Centers in 70 Stores

smart home

As consumers become more tech savvy and connected than ever before, retailers like Lowe’s are offering smart home products to meet evolving consumer needs. To help integrate these products and connected systems into customers’ everyday lives, Lowe’s has launched a store-within-a-store smart home concept inside ... Read More »

Sears Selling Properties to Support Worker Pensions

Sears Holdings

Sears Holdings has announced plans to contribute hundreds of millions of dollars to employee pensions with the sale of 140 properties, according to the company. “The struggling retailer said it expects to raise the $407 million in pension contributions by selling the ... Read More »

2017 Holiday Sales Forecast: Online Shopping Up, Overall Sales to Climb

holiday sales

Retailers across the country are gearing up for a busy holiday sales season, with sales projected to be 3.6 to 4 percent higher than last year, the National Retail Federation (NRF) reports. That increased spending can add up for independent ... Read More »

Merchandising Chief Out at J.C. Penney to ‘Streamline Decision-Making’

merchandising

The role of chief merchandising officer has been eliminated at big-box department store J.C. Penney, CNBC reports. The retailer says in its press release that the move is part of an “organizational restructuring to streamline decision-making and promote greater agility ... Read More »

Amazon Cash Expands to 8,000 7-Eleven Locations

amazon cash

Amazon Cash, a service that lets customers instantly add money to their Amazon.com accounts at brick-and-mortar retail locations, is now available at approximately 8,000 7-Eleven locations, technology blog TechCrunch reports. The service launched in April 2017 “as a way to ... Read More »

Sears Holdings to Continue Store Closures in 2018

store closures

Sears Holdings is planning more Sears and Kmart store closures for January 2018, according to CBS News. The latest store closures include 45 Kmarts and 18 Sears locations in more than 25 states, CBS News reports. The money-losing Sears has worked on selling off iconic ... Read More »

Thousands of Vendors Expected for 2018 International Hardware Fair

international hardware fair

If you’re looking for unique ways to differentiate your business, see developing trends in home improvement and network with other retailers and industry leaders from around the world, the 2018 EISENWARENMESSE – International Hardware Fair (IHF) is a must-visit exhibition. ... Read More »