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Tag Archives: operations

Retailers Speak on Financial Industry Research

Cost of Doing Business

For 100 years, the North American Retail Hardware Association (NRHA) has been putting together the Cost of Doing Business Study annually. The study collects financial information from more than 1,000 independent home improvement businesses. From the data industry averages are determined ... Read More »

Tips for Hosting a Special Event

With summer quickly approaching, it’s a great time to throw a party at your store. Special events can create a buzz around your business and draw customers in the door. How successful that event will be will depend, in large ... Read More »

Lezzer Lumber Holds Expo for Loyal Customers

With all of the new products on the market, updates in building codes and changes in workplace regulations, it can be difficult for contractors to keep up. Lezzer Lumber makes it easier. Every February, the company, which operates 11 retail ... Read More »

Couple Balances Family, Yoga and Hardware

family

Armando and Ita Reyes are a great example of an entrepreneurial-minded, hardworking couple with a strong family bond. The couple owns and operates Carpenter Bros. Hardware & Rental in Ann Arbor, Michigan, which they bought in 2008. Beyond hardware, the ... Read More »

Sears Replaces CFO, Cuts More Costs

Sears

Sears Holdings Corp. has now had three people serve in the role of chief financial officer in less than 12 months, The Wall Street Journal reports. The company named Rob Riecker as chief financial officer, starting this month. He was previously controller and ... Read More »

Dealing With Money Fights in a Family Business

family business

Disagreements are expected in any family dynamic, but when you add business to the mix, things can get even more complicated. Family businesses experience fewer conflicts that non-family businesses, according to the Harvard Business Review. However, when problems such as financial ... Read More »

Expert Perspective: Retail Is… Technology

technology

To view a PDF of this story, click here. Technology is an ever-changing, ever-advancing piece of your business, your life and the lives of your customers. Think about how quickly our reaction to new technology goes from “wow” to “duh.” ... Read More »

Exec Changes May Mean Target CEO Is ‘Feeling Some Pressure’

feeling some pressure

Minneapolis-based Target Corp. has announced the coming departure of one of its top executives, after the retailer’s leadership team decided to abandon multiple tech innovation projects. On April 27, Target CEO Brian Cornell publicized the exit of chief strategy and innovation officer Casey Carl ... Read More »