Home Depot and Lowe’s are projected to be among the top 10 holiday-quarter revenue earners, according to analysis by USA Today. Analysts based predictions on data from S&P Global Market Intelligence and project that 10 retailers will take 66.7 percent of all holiday-quarter …
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Sears’ third-quarter earnings followed the company’s downward financial trend, inspiring conjecture about the possibility of the company’s demise. “Sears keeps promising investors a turnaround but its results only seem to get worse,” Fortune magazine says. This month, Sears Holdings Corporation released financial results that showed continued …
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The U.S. Department of Labor is appealing a federal judge’s order to stop implementation of new overtime pay increases, which were slated to take effect nationwide on Dec. 1, the date the appeal was filed. Texas federal Judge Amos L. …
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The annual Cost of Doing Business Study from the North American Retail Hardware Association (NRHA) is the industry’s only inclusive benchmarking study and has been conducted annually for more than 100 years. The study provides detailed financial information from hardware stores, home centers …
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Target recently announced that it will continue to expand its small-format stores into urban areas and college towns. During company’s third-quarter sales conference call last week, CEO Brian Cornell says he is “increasingly confident” that the big-box retailer will open “hundreds” …
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Third-quarter earnings reports from the largest big-box home improvement retailers and Ace Hardware Corp. showed mixed results. The Home Depot reported revenue increases, but both Lowe’s and Ace Hardware had year-over-year drops. For more details, read the following stories: Released Nov. 15: …
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After record 2015 sales, Ace Hardware Corp. expected but underestimated a revenue drop in third-quarter 2016, according to the co-op’s top executive. Ace’s financial performance in third-quarter 2015 was the best in the company’s history, with revenue up 13.2 percent and net …
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Lowe’s net earnings took a hit in the third quarter of 2016, failing to perform as well as leadership projected. “Our third-quarter operating results were below our expectations due to slower sales in the first two months of the quarter,” …
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