The Home Depot has announced its acquisition of Wisconsin bedding and bath business The Company Store. The Company Store operates five retail stores in Wisconsin, Maine and North Carolina, and an online store. Home Depot publicized the purchase Dec. 21, but …
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Lowe’s Names First Chief Digital Officer
Vikram Singh will serve as Lowe’s Cos. Inc.’s senior vice president and its first chief digital officer, the company states in a press release. The chief digital officer will “accelerate Lowe’s digital evolution and drive a holistic integrated strategy to …
Read More »Going Private Is Not a New Suggestion for Sears
When a shareholder recently requested that Sears Holdings consider going private, the investment company was not suggesting a new idea. The investor, Memento S.A., released a letter Dec. 7, asking the retailer “to form a board to look after shareholders, …
Read More »Menards Plans to Build Robotic Warehouse
Wisconsin-based home improvement retailer Menards has announced plans to construct a new warehouse that will incorporate a 60-foot-tall robotic system to speed up delivery times and cut operating costs, the Eau Claire Leader-Telegram reports. “To be more competitive, we are …
Read More »Walmart Makes Official Name Change to Reflect Modern Retail
As Walmart continues to compete with omnichannel retailers, the company has made a legal name change to reflect how modern customers shop the brand. On Dec. 6, Walmart announced plans to change the company’s legal name from Wal-Mart Stores, Inc. to …
Read More »Home Depot Readies $15B Share Buyback
During its 2017 Investor and Analyst Conference, Home Depot’s board of directors announced plans to initiate a $15 billion share buyback program, Reuters reports. “Since 2002 and through the third quarter of fiscal 2017, [Home Depot] has returned approximately $73 …
Read More »Attorneys: Lumber Liquidators’ $36M Settlement Excludes the Injured
Attorneys representing people who say chemicals from Lumber Liquidators flooring made them ill claim a new settlement, valued at $36 million, excludes their clients. In October, Lumber Liquidators agreed to pay $26 million in cash and provide $12 million of …
Read More »Walmart, Other Big Boxes Find Holiday Sales Drivers
With the holiday sales season underway, big-box retailers are experimenting with new ways to attract customers to their brick-and-mortar locations to drive sales and deliver memorable holiday shopping experiences. Walmart is planning to hold thousands of parties this holiday season …
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