An online home improvement retailer has gotten millions of dollars in investments this year. Investors have committed $50 million in funding for the retailer, BuildDirect of Vancouver, to improve its product assortment and online platform, according to Forbes. The online retailer sells hardwood flooring, …
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Walmart will be doing away with minimum wage in the beginning of 2015, according to a Forbes article. Walmart CEO Doug McMillon made this promise in October, but has now hinted at a deadline. “We’re going to make changes in a few months …
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Sears Holdings announced its third quarter results, which posted a loss of $548 million on $7.2 billion in revenue, according to an article from The New York Times. Additionally, the company has been seeking to raise money, and it may sell some of its …
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The Home Depot is buying back HD Supply Holdings Inc., a distributor of fasteners, plumbing parts, chain and other hardware. The distributor was part of the big box hardware retailer in the past, and relies on Home Depot for about 98 …
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As more consumers are shopping and making purchases online, Amazon, one of the largest e-commerce retailers, has added a new variety of workers to the mix: robots. The retailer is boosting efficiency in warehouses with the help of more than 15,000 wheeled …
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In a recent push to compete better with Walmart, Amazon has cut prices on consumer goods such as toilet paper and groceries. Amazon has recently been in “investment mode”, pricing aggressively and investing in innovative products. According to an article from The …
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The Home Depot is facing 44 lawsuits at minimum after payment card information was stolen from customers who shopped at the home improvement company’s stores earlier this year, according to Fortune.com. The data breach cost Home Depot $43 million in the third quarter of fiscal …
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A Florida judge has ordered Lowe’s Home Centers Inc. to pay $4.6 million to human resources employees and their attorneys in a nationwide class-action lawsuit. The Lowe’s human resources employees had sued the home improvement retailer in 2012, claiming that Lowe’s …
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