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Tag Archives: financials

Lowe’s Outlines Transformation, Opens New Fulfillment Center

Fulfillment Center

While meeting with analysts and investors, Lowe’s is solidifying its company priorities and financial goals, the company states in a press release. Describing a “complex retail environment,” Lowe’s president and CEO Marvin R. Ellison says the company is taking steps ... Read More »

Former CEO Makes $4.6B Bid to Save Sears

edward lampert

ESL Investments, the hedge fund managed by former Sears CEO and current chairman Edward Lampert, has presented a plan to keep the company in business and save about 50,000 jobs, the Chicago Tribune reports. The bid “includes about 500 Sears ... Read More »

Revenue, Store Sales Up for Ace Hardware

Ace Hardware

Ace Hardware Corp. reported revenue and same-store sales growth for the third quarter of 2018. The co-op’s quarterly revenues were $1.43 billion, an uptick of 6.3 percent from third-quarter 2017. The growth was the result of adding new stores, increasing retail ... Read More »

Benchmark Your Business With 2018’s Market Measure

market measure

Click the picture to download a PDF of this story. The Industry’s Annual Report While 2018 has shaped up to be another relatively strong year for sales in the home improvement industry, we may be facing a perception problem that ... Read More »

Lowe’s Reports Q3 Financials; Plans to Exit Mexico

Lowe's

In its third-quarter financial results, big-box home improvement retailer Lowe’s reported net earnings of $629 million. The company also announced plans to “exit its Mexico retail operations,” according to a press release. In the second-quarter of 2018, the company reported ... Read More »

Home Depot Announces Q3 2018 Financial Results

home depot

Home Depot has announced its third-quarter 2018 financial results. In total, the company reported sales of $26.3 billion, which represents a 5.1 percent increase from the same period in 2017. Comparable sales for the third quarter in the U.S. were ... Read More »

Big Boxes Could Benefit From Sears’ Downfall

Big-box retailers like Home Depot and Lowe’s are preparing to meet the retail void left by the downfall of Sears, Yahoo Finance reports. After Sears filed for bankruptcy protection earlier this month, “Home Depot and Lowe’s look to be big ... Read More »

Sears Files for Bankruptcy Protection, Plans to Close 142 Stores

bankruptcy protection

Sears Holdings Corp. has filed for bankruptcy protection and plans to close another 142 stores. Edward Lampert will also vacate his position as the company’s CEO immediately, reports the Chicago Tribune. Three executives will fulfill Lampert’s duties as CEO, according ... Read More »