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Tag Archives: financials

Former CEO Makes $4.6B Bid to Save Sears

edward lampert

ESL Investments, the hedge fund managed by former Sears CEO and current chairman Edward Lampert, has presented a plan to keep the company in business and save about 50,000 jobs, the Chicago Tribune reports. The bid “includes about 500 Sears …

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Revenue, Store Sales Up for Ace Hardware

peavey industries

Ace Hardware Corp. reported revenue and same-store sales growth for the third quarter of 2018. The co-op’s quarterly revenues were $1.43 billion, an uptick of 6.3 percent from third-quarter 2017. The growth was the result of adding new stores, increasing retail …

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Lowe’s Reports Q3 Financials; Plans to Exit Mexico

Lowe's

In its third-quarter financial results, big-box home improvement retailer Lowe’s reported net earnings of $629 million. The company also announced plans to “exit its Mexico retail operations,” according to a press release. In the second-quarter of 2018, the company reported …

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Home Depot Announces Q3 2018 Financial Results

home depot

Home Depot has announced its third-quarter 2018 financial results. In total, the company reported sales of $26.3 billion, which represents a 5.1 percent increase from the same period in 2017. Comparable sales for the third quarter in the U.S. were …

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Big Boxes Could Benefit From Sears’ Downfall

Big-box retailers like Home Depot and Lowe’s are preparing to meet the retail void left by the downfall of Sears, Yahoo Finance reports. After Sears filed for bankruptcy protection earlier this month, “Home Depot and Lowe’s look to be big …

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