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Tag Archives: financials

Menards Founder Is Wealthiest Person in Wisconsin

menards

Menards founder John Menard Jr. is the wealthiest person in the state of Wisconsin, according to the Milwaukee Sentinel Journal. The newspaper reports that Menard’s net worth is $9.9 billion according to Forbes’ list of the 400 richest people in America. Eau Claire, Wisconsin, ... Read More »

Sears Canada Moves to Liquidate Assets

Sears Canada

Sears Canada Inc. will liquidate its assets and begin to “wind down” after its board rejected a business plan proposed by the company’s top executive, The Wall Street Journal reports. The board’s decision to liquidate most of the Canadian retailer’s ... Read More »

Sears CEO Provides Retailer Another $100M Loan

loan

Edward Lampert, CEO of Sears Holdings, has loaned the company an additional $100 million, the Chicago Tribune reports. Sears borrowed the money from affiliates of ESL Investments, Lampert’s hedge fund, which also agreed to lend the company up to $100 million more ... Read More »

Equifax Breach Reportedly Affects 143M Americans

Equifax

On Sept. 8, credit monitoring firm Equifax announced a data breach that affected 143 million Americans, as well as some in Canada and the U.K., reports The Wall Street Journal. Initially, it was reported that the breach occurred in May, ... Read More »

2017 Cost of Doing Business Study Now Available

Cost of Doing Business Study

Data from the 2017 Cost of Doing Business Study shows that at a typical independent home improvement store, the average customer spends $22 per transaction. At a high-profit store, that number jumps to $30 per sale. When was the last time ... Read More »

RadioShack Brick-and-Mortar Presence Dependent on Independent Dealers

RadioShack

RadioShack, a consumer electronics company that was once one of the best-known chains in America, has shrunk from thousands of locations around the world to merely 70 company-owned stores in seven states, according to a press release from the company. At its peak, ... Read More »

The Importance of Business Valuations Before Retirement

Most small business owners know that planning for retirement is crucial. But according to an article from Entrepreneur, very few business owners are aware of their operation’s true value or take steps to receive accurate business valuations well before considering retiring. ... Read More »

Lowe’s to Increase Workers’ Hours to Keep Q2 Momentum

Lowe's

In its second-quarter financial results released Wednesday, Lowe’s announced that it will increase “customer-facing hours” to continue its upward trend in comparable store sales, according to the company. “Lowe’s hopes to ride the wave of stronger shopper traffic with the investment ... Read More »