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Tag Archives: slider

Home Improvement Retailer Busy Beaver Expands

busy beaver

Pittsburgh-based home improvement retailer Busy Beaver has announced plans to open five new locations in 2018, the company reports in a press release. These new stores will be in addition to the 18 locations in Pennsylvania, Ohio and West Virginia ... Read More »

Better Than 2016: Lowe’s Sales Hit $16B in Q3

Lowe's

2017 is shaping up to be a better year than 2016 for Lowe’s, with sales and earnings increasing in its first nine months, including in the third quarter. Net earnings for the first three quarters were $2.9 billion, versus $2.4 ... Read More »

True Value Sees Comparable Store Sales Increases in Third Quarter

true value

True Value Co. released its third-quarter financial results Nov. 16, reporting a 3.3 percent increase in comparable store sales. The co-op also reports comparable sales at Destination True Value stores are up 4.2 percent. “We are very pleased to see these ... Read More »

Ace Hardware’s Revenue Up Again in Q3

Ace Hardware

Ace Hardware Corp. reported growth in revenue and net income for the third quarter of 2017. The cooperative released its financial results Nov. 16, calling revenues of $1.34 billion a record for the company. Revenue for the quarter grew 9.1 percent ... Read More »

Walmart Tests New Pricing Strategy to Boost Online Margins, In-Store Sales

pricing

Walmart is testing a pricing strategy to boost margins for online purchases and drive in-store sales, reports The Wall Street Journal. The big-box retailer is selling products online at slightly higher prices than the same product in its stores as ... Read More »

Hurricanes Lift Home Depot in Third Quarter

hurricanes

In its third-quarter financial results released Nov. 14, The Home Depot says sales related to hurricanes “positively impacted comparable store sales growth by approximately $282 million.” The big-box home improvement retailer beat analysts’ projections for its overall sales and its comparable store sales ... Read More »

Westlake Ace to Acquire 7-Store Operation in Chicago

Westlake

Westlake Ace Hardware announced today it has entered into an agreement to acquire Buikema’s Ace Hardware, an independently owned business that operates seven stores in the Chicago area. The acquisition will be finalized on Jan. 2, 2018. According to Westlake, Buikema’s ... Read More »

Walmart’s Marc Lore Discusses Retailer’s Online Acquisition Strategy

acquisitions

Speaking with the Wall Street Journal, Walmart’s e-commerce chief Marc Lore discussed the importance of recent online acquisitions and Walmart’s ongoing plans to complete digitally. After recently acquiring many online companies, including ShoeBuy, Bonobos, ModCloth and delivery company Parcel, Lore ... Read More »