Home » Newspage 297

News

Tractor Supply Co. Buys Pet Store Chain for $116M

Rural lifestyle retailer Tractor Supply Co. has purchased a 136-location pet store chain for $116 million in cash. Petsense, the pet supply and services company, will operate as a Tractor Supply subsidiary, according to Tractor Supply.  “The pet industry represents a …

Read More »

Who Is Bidding on Sears’ Craftsman Business?

Craftsman

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 »

The Cost of Hiring the Wrong Workers

resources

Hiring the right employees is an ongoing challenge for independent home improvement retailers, but failing to do so comes with a price tag. One of the top two reasons for inventory loss/shrinkage in retail is employee theft, according to research …

Read More »

Bass Pro Shops to Buy Cabela’s for $5.5 Billion

Cabela's

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 »

How Will Overtime Changes Affect Small Businesses?

overtime changes

Consultant Roberto Castellón, whose areas of expertise include finance, access to capital and business operations, spoke with Hardware Retailing about national overtime changes that are set to take effect Dec. 1. Castellón works for a Florida branch of America’s Small …

Read More »

Walmart Considers Investing in Online Retailer Flipkart

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 …

Read More »

U.S. House Passes Legislation to Delay Overtime Rule

House of Representatives

Retailers may have more time to prepare for the U.S. Department of Labor’s new overtime rule if a bill becomes law. This week, the U.S. House of Representatives voted 246 to 177 in favor of legislation to delay the start date of the overtime …

Read More »

HoloLens Coming to Additional Lowe’s Locations

Lowe's HoloLens

A revolutionary idea that came to a couple of Lowe’s stores earlier this year is spreading to a few more locations, and it will come with some new features, too. This past spring, Lowe’s partnered with Microsoft to pilot the …

Read More »