Westlake Ace Hardware is still in acquisition mode, now making plans to buy the Dennis Company, a five-store home improvement chain in Washington. On Jan. 11, Westlake announced the deal, which is slated to close March 26. The Dennis Company …
Read More »Kate Klein
‘We’re Going After Sears,’ J.C. Penney CEO Says
Marvin Ellison, J.C. Penney’s current CEO and a former Home Depot executive, has his eye on Sears’ appliance business. “We’re going after Sears and we’re going after market share that we think is going to be available not only now …
Read More »How Do Sales Compare for Your Big-Box Competitors?
Click the image above to view a full PDF. Third-quarter sales results are in for the public companies that are prime competitors for independent home improvement retailers, and only Sears continues to decline. Walmart—the United States’ biggest retailer, and the …
Read More »Small Businesses and Tax Reform
Changes to U.S. tax law, approved Dec. 20 by the U.S. Senate and House of Representatives, are slated to go into effect in 2018. The New York Times explains some effects of the tax reform on small businesses. The House Ways and …
Read More »Home Depot Buys Bedding and Bath Company
The Home Depot has announced its acquisition of Wisconsin bedding and bath business The Company Store. The Company Store operates five retail stores in Wisconsin, Maine and North Carolina, and an online store. Home Depot publicized the purchase Dec. 21, but …
Read More »Getting in on the Home Staging Game
Click the image above to view a full PDF. Real estate agents advise homeowners who want to improve their home’s selling potential to do some interior staging—and some of that staging includes minor remodeling projects, according to research from the …
Read More »Going Private Is Not a New Suggestion for Sears
When a shareholder recently requested that Sears Holdings consider going private, the investment company was not suggesting a new idea. The investor, Memento S.A., released a letter Dec. 7, asking the retailer “to form a board to look after shareholders, …
Read More »Attorneys: Lumber Liquidators’ $36M Settlement Excludes the Injured
Attorneys representing people who say chemicals from Lumber Liquidators flooring made them ill claim a new settlement, valued at $36 million, excludes their clients. In October, Lumber Liquidators agreed to pay $26 million in cash and provide $12 million of …
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