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Tag Archives: financials

Lumber Liquidators Responds to ’60 Minutes’ Report

A heated debate between the CBS program “60 Minutes” and the well-known flooring company Lumber Liquidators has ensued following an episode of the Sunday-night television show. The CBS report claims Lumber Liquidators sold laminate flooring with higher levels of formaldehyde than permitted by California’s health …

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Ace Acquisitions Contribute To Double-Digit Growth

Buying two wholesale companies and growing same-store sales boosted revenue for Ace Hardware Corp. in 2014. The home improvement co-op reported 2014 fiscal-year revenue of $4.7  billion, for growth of 13.2 percent year over year. Fourth-quarter revenue also increased, up 13.6 percent …

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Lowe’s Sees Sales Growth in 2014

Lowe’s reported sales increases for its fourth quarter of 2014, as well as for the fiscal year. The year’s sales were $56.2 billion, a 5.3-percent increase from 2013. Fourth-quarter sales totaled $12.5 billion, which was an increase of 7.3 percent from the …

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Home Depot Reports Fourth-Quarter Sales Growth

Home Depot

An improving economy and recovering housing market helped The Home Depot grow sales in 2014. Today, Home Depot reported 2014 fourth-quarter sales of $19.2 billion, which equates to an 8.3 percent increase from the fourth quarter of fiscal 2013. Comparable store sales in the U.S. were …

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Target Canada Quells Push to Declare Bankruptcy

target

Target Canada has stopped a campaign pressuring the retailer to declare bankruptcy as it closes down its Canadian operations. As part of exiting the country, Target Canada is working to sell leases, valued at up to $2 billion, on the buildings where the stores are …

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Have You Mastered These Business Principles? Take This Quiz

The “Retailing 101: An Overview” story in the February 2015 issue of Hardware Retailing discussed what retailers need to know about the marketing, finance, operations and human resources aspects of their business. To read the full story, click here. Once …

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Retailing 101: An Overview

To download a PDF of this story, click here, and visit hardwareretailing.com/retailing-101 to take a quiz and determine how much you know about marketing, operations, finances and human resources. What Does Your Report Card Look Like? By Liz Lichtenberger, llichtenberger@nrha.org and Kate Klein, kklein@nrha.org When was the last time …

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Target Closing All Canada Stores

Target is getting out of the Canada market, closing its 133 stores in the country because the Canadian division was unprofitable. Corporate leadership couldn’t develop a feasible plan to get Target Canada profitable until 2021 at the soonest, according to CEO and …

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