This week, True Value Company reported both revenue and gross billings increases for the first nine months of 2016. The home improvement co-op posted year-to-date gross billings of $1.59 billion as of Oct. 1, up 1.6 percent or $25.6 million. Revenue was $1.16 billion …
Read More »Renee Changnon
Google Is Making Mobile Payments Faster
Android device users who have abandoned mobile shopping carts to avoid typing in passwords or credit card information will soon have an alternative. Google has partnered with MasterCard and Visa in an effort to make mobile payments faster and easier to complete, starting in 2017. …
Read More »Will Walmart Price Cuts Shake Up Retail?
Walmart is implementing some deep price cuts on products, and the effects could be far reaching. Companies impacted the most by the big-box retailer’s slashed prices include Target, Family Dollar and Dollar General, which may see lower earnings if they drop prices to compete, Business Insider reports this …
Read More »Retailer Promotes Pumpkins for a Purpose
Pumpkins may sell well as seasonal decor, but at Akard True Value Hardware, they also promote good causes. Since 2013, the Zionsville, Indiana, store has promoted Pumpkins for a Purpose, a fundraiser and pumpkin painting contest. Organizations and people from the community bring to the …
Read More »China International Hardware Show Adds Enhancements
This month, more than 50,000 people will gather in Shanghai, China, to attend the China International Hardware Show (CIHS) 2016. Now in its 16th year, enhancements to the show will provide a more convenient experience for both exhibitors and visitors. CIHS 2016 will take place Oct. …
Read More »Who Is Bidding on Sears’ Craftsman Business?
As Sears continues to search for ways to make its business profitable again, a bidding war may be underway for the company’s Craftsman tool business, Bloomberg reports. Earlier this year, Sears announced it was looking to generate more cash through its Craftsman, Kenmore …
Read More »Bass Pro Shops to Buy Cabela’s for $5.5 Billion
Two former rivals in the outdoor sporting goods industry are uniting. On Oct. 3, Bass Pro Shops announced that it is acquiring Cabela’s Incorporated for about $5.5 billion. The companies are expected to close the deal during the first half of 2017, according to an article …
Read More »Walmart Considers Investing in Online Retailer Flipkart
Walmart is taking some expensive steps to compete with online rival Amazon, and those include investments in existing online retail businesses. Wal-Mart Stores Inc. is talking about becoming a minority owner of Flipkart, India’s biggest online retailer, according to Fortune. News of the possible deal comes …
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