Tag Archives: big box

Lowe’s released its first-quarter 2018 financial results on May 23, reporting net earnings of $988 million. The company released this information the day after naming Marvin Ellison as the new president and CEO of Lowe’s, effective July 2. The quarterly results represent …

The Craftsman tool brand, previously owned by Sears, has introduced a select line of products in Lowe’s stores and on its website, Lowe’s has confirmed. According to Lowe’s, “select CRAFTSMAN mechanics tool sets, tool storage, garage organization, flashlights and pressure …

Home Depot released its first-quarter 2018 financial results May 15, reporting an increase in sales. The company achieved $24.9 billion in sales during the quarter, for a 4.4 percent increase above the same period in 2017. By April 29, Home …

Walmart’s technology division, Walmart Labs, is following the same steps as Home Depot as both big-box companies are searching for technology workers to add to their ranks, CNBC and Silicon Valley-based The Mercury News report. The Mercury News says Walmart Labs …

Sears CEO Edward Lampert has offered to purchase the company’s real estate holdings, its appliance-parts business, home services offerings and the Kenmore appliances brand, The New York Times reports. The purchase would be made through ESL Investments, a hedge fund …

Walmart plans to spend $11 billion to remodel 500 existing stores and open 20 new locations, Business Insider reports. The store remodels will provide shoppers with “wider aisles, shorter shelving, new signs and flooring,” along with additional self-checkout lanes, the …

Amazon is experimenting  with a change to Amazon Home Services, its division that connects customers with local home improvement professionals and other service providers. The change is currently a housekeeping pilot project in Seattle, but could indicate a transition in …

Big-box retailer Walmart is in early discussions with health insurer Humana “about developing closer ties,” including new partnerships and a possible acquisition of Humana, according to a report from Reuters. This news comes shortly after other U.S. retailers and health …