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Amazon to Acquire Whole Foods, Expand Brick-and-Mortar Footprint

Whole Foods

On June 16, Amazon announced it would be acquiring the high-end grocery chain Whole Foods Market for $13.7 billion, reports The Wall Street Journal. The acquisition gives the online retailer a network of more than 460 stores “that could serve as beachheads for ... Read More »

Sears Canada Files for Bankruptcy Protection

Sears Canada

Sears Canada has filed for bankruptcy protection, according to a company report released Thursday. Over the past 18 months, Sears has taken on restructuring initiatives, including developing technology systems, redefining its brand positioning and updating its product assortment, according to the company. As ... Read More »

Former Home Depot Exec Takes VP Post at Ace Hardware

John Sommers

Ace Hardware Corp. has hired former Home Depot executive John Sommers Jr. to serve as the co-op’s vice president of merchandising. Sommers, who starts with Ace on July 10, is a 23-year veteran of Home Depot and has worked in a variety of positions in ... Read More »

A Year After Orlando Shooting, Hardware Store Continues Community Support

Toole's Ace Hardware

On the anniversary of the deadly Pulse nightclub shooting that unfolded just blocks from their store, the owner and employees of Toole’s Ace Hardware on South Orange Street in Orlando, Florida, banded together to support their community’s memorial event. On ... Read More »

Sears Cuts 400 Jobs, Loses 3 Executives

sears

As part of its restructuring plan to cut $1.25 billion from its expenditures in fiscal year 2017, Sears Holdings Corp. is cutting 400 positions from its headquarters and field operations, the company reports. At the start of the fiscal year, ... Read More »

Iowa Retailer Dies at 103, Leaves Hardware Legacy

Whannel Hardware

For decades, customers who shopped at Whannel Hardware in Traer, Iowa, knew they could find helpful home improvement advice, a smile and a laugh from the store’s longtime owner, LeRoy Whannel. Even at the age of 103, the business was ... Read More »

Lowe’s Lays Off About 125 Tech Employees

Lowe's

Lowe’s has laid off approximately 125 of its corporate technology employees and will move many of their positions to Bangalore, India, according to The Charlotte Observer. These layoffs are the latest of many staff cuts for Lowe’s, which has eliminated about ... Read More »

Sears to Close 72 More Stores

Sears

Sears Holdings Corp. announced internally Tuesday that it would close 72 additional retail locations by September, according to Business Insider. The closures are in addition to the 180 stores the retailer has shuttered since the beginning of the year. Included in ... Read More »