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Tag Archives: big box

Lowe’s Makes Another Round of Corporate Layoffs

Lowe's

Lowe’s is making another round of staffing cuts at its corporate headquarters and two support facilities, according to the Charlotte, North Carolina, NBC affiliate, WCNC. About 430 positions at the company’s corporate headquarters in Mooresville, North Carolina, were eliminated Tuesday, along ... Read More »

Home Depot Reports Continued Growth in 2016

Home Depot

While retailers in other sectors have been struggling, The Home Depot’s fourth quarter 2016 financial results marked overall growth for the company, according to a press release by the Home Depot. The big-box retailer reported 5.8 percent growth over the ... Read More »

Warren Buffett Cuts Walmart Investments

Warren Buffett

Investor Warren Buffett’s holding company recently cut back on its investment in Walmart and bought airline stock instead, reflecting pessimism about brick-and-mortar retailing, Business Insider reports. Buffett’s company, Berkshire Hathaway, sold $900 million in Walmart stock by the end of 2016. Buffett “acknowledged that traditional brick-and-mortar retailers were struggling ... Read More »

Home Depot Recognized for ‘Bold E-Commerce Strategy’

The Home Depot has been recognized this year for its “bold e-commerce strategy” by Fast Company magazine, which called the home improvement giant one of the most innovative retailers worldwide. The retailer ranks among Fast Company‘s top 50 businesses for innovation. The magazine annually honors businesses through “The World’s ... Read More »