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Tag Archives: financials

Walmart Considers Investing in Online Retailer Flipkart

Flipkart

Walmart is taking some expensive steps to compete with online rival Amazon, and those include investments in existing online retail businesses. Wal-Mart Stores Inc. is talking about becoming a minority owner of Flipkart, India’s biggest online retailer, according to Fortune. News of the possible deal comes …

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U.S. House Passes Legislation to Delay Overtime Rule

overtime rule

Retailers may have more time to prepare for the U.S. Department of Labor’s new overtime rule if a bill becomes law. This week, the U.S. House of Representatives voted 246 to 177 in favor of legislation to delay the start date of the overtime …

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Walmart Canada and Visa Conflict Continues

Walmart Canada

Customers shopping at Walmart Canada stores in the Manitoba province will soon see change in payment options. Visa credit cards will no longer be accepted at the 16 locations. The boycott officially begins Oct. 24. Walmart spokesman Randy Hargrove announced the big-box’s decision, stating …

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The Personal Side of Selling Your Business

personal

Owning a local business is about much more than making a sale. As an owner, your business is a deeply ingrained and even personal part of your life. While that passion sets your business apart, it can also cause problems when …

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Sears Is Getting Back in the Paint Business

After four years’ absence from the market, Sears has decided to go back to selling paint. The company announced the plan earlier this week, shortly after reporting a drop in net sales in the second quarter, according to an article from …

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Quarterly Earnings Up for Big Boxes, Ace

Rise

The Home Depot, Lowe’s and Ace Hardware each recently released their quarterly earnings reports for the second quarter of 2016, and all three showed sales growth. Ace Hardware Corp. reported both revenue and net income growth, posting the second highest net income …

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Lowe’s Q2 Earnings Show Growth

Lowe's

Lowe’s on Aug. 17 reported earnings and sales growth for the second quarter of 2016. The company’s net earnings rose 3.7 percent above the same period a year ago, reaching $1.2 billion for the quarter that ended July 29. Sales …

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Ace Hardware Reports Income Growth in Q2

Ace Hardware

Ace Hardware Corp. today reported both revenue and net income growth for the second quarter of 2016. The home improvement co-op’s second-quarter 2016 revenues were $1.4 billion, a 0.6 percent increase from the second quarter of 2015.  Net income for the period was …

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