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Tag Archives: big box

Lowe’s CEO Discusses Changing Retail Landscape

marvin ellison

Lowe’s president and CEO Marvin Ellison recently discussed how the big-box home improvement chain is adapting to serve customers during COVID-19, prioritize shopper safety and respond to nationwide social movements. Ellison was the latest guest in the National Retail Federation‘s …

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A Review of Appliance Trends

appliance trends

According to a recent survey from the Home Improvement Research Institute, 44 percent of appliance purchases went to big-box stores when they were in the market for a new large appliance. While those sales represent a significant segment of the …

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Target to Offer $15 Minimum Wage

target

Target has announced plans to increase its minimum wage for employees to $15 per hour, up from its current rate of $13, CNN reports. The new pay rate will apply to 275,000 part-time and full-time employees at its retail spaces, …

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Canadian Headlines for Retailers: June 15

canadian headlines

Hardlines is keeping Canadian retailers informed on the ways COVID-19 is impacting their home improvement stores. Check back each week for an update on the latest headlines affecting home improvement retail in Canada. New Lowe’s DC Will Be Western Canada’s Largest …

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Sales Rise for Home Depot, Lowe’s in Q1 2020

home depot

Big-box home improvement retailers Home Depot and Lowe’s announced their first-quarter 2020 financial results this week. For both retailers, sales rose over the same period in 2019. Explore how each company fared in the first quarter of 2020 and learn …

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Target Posts Significant E-Commerce Growth in Q1 2020

e-commerce growth

In its first-quarter 2020 financial results, big-box retailer Target reports total revenue of $19.6 billion, an 11.3 percent rise from the same period in 2019. While its stores remained open amid COVID-19 in the U.S., Target also experienced significant digital …

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Lowe’s Q1 2020 Sales Rise 11%

lowe's

Big-box home improvement chain Lowe’s has announced net sales of $19.7 billion in the first quarter of 2020, an 11.3 percent increase over the same period in 2019. Sales grew more than 23 percent over results from the fourth quarter …

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Home Depot’s Q1 2020 Sales Climb 7%

home depot

Big-box home improvement retailer Home Depot announced first-quarter 2020 sales of $28.3 billion, representing a 7.1 percent increase from the same period in 2019, according to the company. The total sales for the first quarter of 2020 are more than …

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