True Value Company reported gross billings of $568.0 million for the quarter ending June 28, 2014, up 4.6 percent or $25.1 million from $542.9 million for the same period a year ago. Revenue was $429.5 million, an increase of 4.5 …
Read More »
Tractor Supply Company (TSC) announced financial results for its second fiscal quarter ended June 28. Net sales for the second quarter of 2014 increased 8.8 percent to $1.58 billion from $1.46 billion in the second quarter of 2013. Comparable store …
Read More »
Down-on-their-luck homeowners who avoid foreclosure through short sales or loan forgiveness could owe the IRS big bucks because partisan wrangling is holding up extension of a popular tax break designed to help them. “We’re talking about people who are financially …
Read More »
Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan declined to 4.17 percent from 4.20 percent last week. The average for the …
Read More »
The Federal Housing Agency is taking steps to expand access to mortgage credit for underserved borrowers. Department of Housing and Urban Development Secretary Shaun Donovan told a gathering of the National Association on Realtors May 13 that lending to potential …
Read More »
Starting October 2015, MasterCard and Visa will usher in a major change in the U.S. credit card industry. Credit cards will have microchips in them. Consumers will use PIN numbers instead of signing credit card receipts. And consumers will insert …
Read More »
“Sears is undergoing a significant transformation, and we fundamentally are changing the way we do business,” says Edward S. Lampert, Sears Holdings’ chairman and CEO in a company release. “Our performance in the first quarter highlights the challenges we are facing …
Read More »
Federal disaster policy should shift focus toward mitigation in order to reduce future disaster costs, the National Association of Mutual Insurance Companies says. The industry group recommends that the federal government create incentives for states to adopt and enforce strong …
Read More »
Hardware Retailing The Industry's Source for Insights and Information
