News

Lowe’s will have a new chief financial officer starting March 3. The big-box retailer has chosen Marshall A. Croom to replace Robert F. Hull Jr. in the role. Hull is retiring after 17 years with the company and will stay through March to help with …

Walmart plans to add 10,000 retail jobs in the U.S. within the next year, according to The New York Times. Walmart says it plans to build, expand or relocate 59 Walmart and Sam’s Club stores and distribution centers. The company says …

Amazon made its first successful product delivery by unmanned drone in December, and the online retailer had already been thinking ahead for ways to improve air delivery. Amazon filed a patent in 2014 for what the company calls “airborne fulfillment centers,” according to the patent …

Lowe’s has plans for laying off and changing job descriptions for thousands of people in its workforce, according to The Wall Street Journal. Lowe’s employs more than 285,000 workers, and will be cutting the positions of less than 3,000 of them “as the home-improvement retailer tries to …

Thousands of people from across the retail industry arrived in New York to focus on the future of retailing over the weekend at the National Retail Federation convention. The retail trade association kicked off its 106th annual conference and exhibits, Retail’s Big Show 2017, in New …

When Mark Rand considered buying a hardware store, he learned Ace Hardware Corp. offers a financial incentive to help military veterans like him start, buy or expand Ace stores. Retailers who join Ace Hardware or open new store locations pay an affiliation fee for their stores to be …

Walmart will eliminate about 1,000 corporate jobs at the end of January, according to an article from The Wall Street Journal. Employees will lose jobs in the company’s human resources, technology and e-commerce departments, the article says. In a memo released to employees Tuesday, CEO Doug McMillon …

Walmart Canada and Visa have reached an undisclosed agreement on credit card fees that the retailer faces from the credit card company. The agreement comes months after Walmart banned the payment form in select stores in Canada. However, Walmart still believes …