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Tag Archives: big box

Lowe’s Reports $17.7B in Q1 2019 Sales

Lowe's chairman

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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Amazon Incentivizes Workers to Start Delivery Businesses

delivery businesses

Amazon is expanding its Delivery Service Partner program to incentivize employees to establish their own delivery companies, according to a press release. The new incentive plan will give employees who begin their own delivery service up to $10,000 in startup …

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Lowe’s CEO Reflects on His First Year in Charge

Lowe's CEO

In an interview with North Carolina Biz News Wire, Lowe’s CEO Marvin Ellison is looking back on his first year at the helm of the U.S. big-box home improvement chain. “When I came to Lowe’s, I quickly saw that the …

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Longtime Home Depot CFO Announces Retirement

carol tomé

Carol Tomé, Home Depot’s CFO and executive vice president, will retire from the company on Aug. 31. after 24 years of service. Richard McPhail, current senior vice president of finance control and administration, will become executive vice president and CFO …

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Kohl’s to Accept In-Store Amazon Returns Nationwide

amazon returns

Clothing chain Kohl’s has announced it will begin accepting “free, convenient, unpackaged returns for Amazon customers” beginning in July, according to a press release. Kohl’s partnership with Amazon dates back to 2017, when the companies first began piloting the in-store …

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Write Home About It: Chronicling Home Depot’s Start

home depot

Bob Andelman wrote the book on Home Depot when he co-authored “Built From Scratch” with co-founders Bernard Marcus and Arthur Blank. The book was published in 1999 and charted the first 20 years of the company. It has gone on …

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A 360-Degree View of The Home Depot

home depot

Home Depot is a formidable competitor in the home improvement industry. By sales volume and number of store locations, the company is the largest retailer in the home improvement sector. Despite being known for its 104,000-square-foot stores, Home Depot has, …

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Sears Sues Former CEO Edward Lampert

edward lampert

Sears Holdings Corp. is suing its former CEO and the hedge fund he manages for allegedly funneling $2 billion in assets from the retailer, according to the Chicago Tribune. Sears claims that Edward Lampert, the company’s former CEO, “systemically picked …

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