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Tag Archives: big box

Former Home Depot Exec Takes VP Post at Ace Hardware

Ace Hardware

Ace Hardware Corp. has hired former Home Depot executive John Sommers Jr. to serve as the co-op’s vice president of merchandising. Sommers, who starts with Ace on July 10, is a 23-year veteran of Home Depot and has worked in a variety of positions in …

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Sears Canada Suggests ‘Significant Doubt’ About Future

Sears Canada

Sears Canada may be following in the footsteps of its former U.S. parent company, Sears Holdings. The Canadian company says it has “significant doubt” of its ability to continue operations, according to CNN. Sears Holdings used similar language regarding its ability to stay …

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Sears Cuts 400 Jobs, Loses 3 Executives

sears

As part of its restructuring plan to cut $1.25 billion from its expenditures in fiscal year 2017, Sears Holdings Corp. is cutting 400 positions from its headquarters and field operations, the company reports. At the start of the fiscal year, …

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Lowe’s Lays Off About 125 Tech Employees

chemicals

Lowe’s has laid off approximately 125 of its corporate technology employees and will move many of their positions to Bangalore, India, according to The Charlotte Observer. These layoffs are the latest of many staff cuts for Lowe’s, which has eliminated about …

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Sears to Close 72 More Stores

Sears Canada

Sears Holdings Corp. announced internally Tuesday that it would close 72 additional retail locations by September, according to Business Insider. The closures are in addition to the 180 stores the retailer has shuttered since the beginning of the year. Included in …

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Target Testing Next-Day Delivery for Essentials

next-day delivery

Target will be testing a next-day delivery service for a limited number of customers in its headquarters city of Minneapolis this summer, the company reports. The service, called Target Restock, will be open to customers in Minneapolis that currently have Target’s …

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Target CEO, Other Retail Leaders Take Sides on Border Tax

border adjustment tax

Target CEO Brian Cornell and Home Depot’s founders are among the retail leaders taking opposing sides on a proposed border adjustment tax (BAT) for imported products. If passed, the proposal “imposes a tax on imports while providing a credit for exports,” The New York Times …

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Lowe’s Tests Robotic Suits on Virginia Store Employees

A handful of employees at a Lowe’s store in Virginia have traded in their uniforms for something designed to help lighten the load—exoskeletons. The home improvement company and Virginia Tech joined forces to develop what they dubbed an “exosuit—a wearable robotic …

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