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Tag Archives: big box

Amazon Prime Day Sets Records, Retail Trends

amazon prime day

Amazon Prime Day, the e-commerce giant’s annual shopping event, set new records for the company, leading to more sales than Amazon’s Black Friday and Cyber Monday events combined. Amazon says that worldwide, Prime members purchased more than 175 million items …

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Sears Suffers Widespread Outages

outages

Sears employees were unable to complete home deliveries, service appointments or accept noncash payments at its stores for three days in late June, Business Insider reports. In addition, shoppers could not make returns, pick up online orders or access their …

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Lowe’s Details Plans for New Technology Hub

technology hub

Lowe’s has announced plans to construct a global technology hub in Charlotte, North Carolina, the company confirms. The company says that, once complete, the center will employ approximately 2,000 information technology (IT) workers to help “accelerate the … company’s technology …

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Target Faces Weekend POS Outages

pos outages

On June 15 and 16, Target locations across the U.S. were hit by POS outages that impeded sales and frustrated customers, reports the Star Tribune. Bar scanners stopped working for several hours on Saturday, causing cashiers to enter barcodes by …

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Retail Leaders Discuss Impact of Tariffs

impact of tariffs

Recently, tariffs on goods entering the U.S. have been hot topics in retail. No matter which industry a business operates within, tariff implementations are causing ripple effects on suppliers and shoppers alike. Retail leaders from some of the U.S.’s best-known …

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Exploring Big-Box Q1 2019 Financial Results

q1 2019 financial results

Big-box home improvement chains The Home Depot and Lowe’s both announced their first-quarter 2019 financial results. Learn how each company performed in the articles linked below. Home Depot Reports Sales Growth for First Quarter “We were pleased with the underlying …

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Home Depot Reports Sales Growth for First Quarter

home depot

The Home Depot has announced first-quarter 2019 sales of $26.4 billion, for a 5.7 percent sales increase above the same period in 2018, the company reports. Home Depot says comparable store sales in the U.S. for the quarter were up …

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Lowe’s Reports $17.7B in Q1 2019 Sales

marvin ellison

Big-box home improvement chain Lowe’s has announced its first-quarter 2019 financial results. In total, Lowe’s achieved net earnings of $1.0 billion, up 1.2 percent from the same period in 2018, the company reports. Lowe’s also announced its decision to “sell …

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