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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 »

Ace Hardware Sees Q1 Revenue Increases, ‘Record Sales Growth’

Ace Hardware

Ace Hardware Corp. reported increases in revenue and sales, including double-digit online sales growth, in its first quarter of 2018. Ace, which released its financial results May 23, achieved revenue of $1.3 billion, an increase of 6 percent above the ... Read More »

Lowe’s Names J.C. Penney Chief as New President and CEO

chemicals

Lowe’s has named Marvin Ellison, former chairman and current CEO of J.C. Penney Co., as president and CEO, effective July 2. In March, Lowe’s announced a search for a new chief executive to replace retiring chairman, president and CEO Robert ... Read More »

Do it Best Spring 2018 Market Focuses on Program Enhancement, Expansion

logistics manager

The 2018 Do it Best Spring Market focused on programs and products that help independent home improvement retailers operate strong businesses in today’s market. The market, May 18-21 at the Indiana Convention Center in Indianapolis, gave retailers from throughout the ... Read More »

Amazon Brick-and-Mortar Stores Going to Chicago, San Francisco

Amazon Go

Amazon is expanding Amazon Go, its brick-and-mortar store concept that uses video cameras and mobile devices to eliminate the need for cashiers. The e-commerce retailer has been investing heavily in physical stores, buying the Whole Foods grocery chain for nearly ... Read More »

Walmart Sees Sales Growth, Popularity of ‘Converged Experience’ in Q1

acquisitions

Walmart reported sales and revenue increases for its first quarter of 2018, with growth in its U.S., international and e-commerce segments. U.S. sales were $77.7 billion during the quarter, an increase of 3.1 percent above the same time period in ... Read More »

Former Sears Brand Now Available at Lowe’s

Sears Brand

The Craftsman tool brand, previously owned by Sears, has introduced a select line of products in Lowe’s stores and on its website, Lowe’s has confirmed. According to Lowe’s, “select CRAFTSMAN mechanics tool sets, tool storage, garage organization, flashlights and pressure ... Read More »

Hardware Retailing Needs Your Feedback

feedback

Hardware Retailing wants your feedback to know what it can do to become a better, more informative resource for independent home improvement retailers. Our top priority is providing the best possible resources across the platforms you use most. To make ... Read More »