Thousands of people from around the world gathered in New York this weekend at the National Retail Federation’s (NRF) annual industry event to focus on the ever-changing retail landscape and how retailers can keep up. The trade association’s 107th annual …
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Walmart to Close 63 Sam’s Club Locations, Lay Off Thousands
Walmart unexpectedly announced it is closing 63 Sam’s Club locations across the U.S., potentially impacting up to 11,000 workers, Business Insider reports. According to Business Insider, many employees were unaware of the store closures until showing up for shifts to …
Read More »Walmart Raises Its Minimum Wage, Gives Bonuses
Walmart has announced plans to raise its starting wage for hourly associates to $11. In many states, that boost in the starting wage will be higher than the legally required minimum wage. The retailer is also offering a one-time bonus …
Read More »Westlake Ace Hardware Buying 5 Stores, Expanding Into Washington
Westlake Ace Hardware is still in acquisition mode, now making plans to buy the Dennis Company, a five-store home improvement chain in Washington. On Jan. 11, Westlake announced the deal, which is slated to close March 26. The Dennis Company …
Read More »‘We’re Going After Sears,’ J.C. Penney CEO Says
Marvin Ellison, J.C. Penney’s current CEO and a former Home Depot executive, has his eye on Sears’ appliance business. “We’re going after Sears and we’re going after market share that we think is going to be available not only now …
Read More »The Latest on Home Depot’s Acquisitions
The Home Depot made deals to buy two businesses during the second half of 2017, eyeing opportunities for future growth online and in its brick-and-mortar locations. Now, reports suggest that the home improvement retailer is considering the purchase of XPO …
Read More »Sears Takes DieHard Auto Parts to Amazon
Sears Holdings has taken another aspect of its business to Amazon, announcing it will sell DieHard auto products on the e-commerce site, the company reports. The retailer says it is opening up DieHard to sales on Amazon to celebrate the …
Read More »Home Depot Buys Bedding and Bath Company
The Home Depot has announced its acquisition of Wisconsin bedding and bath business The Company Store. The Company Store operates five retail stores in Wisconsin, Maine and North Carolina, and an online store. Home Depot publicized the purchase Dec. 21, but …
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