Content about Company Competitor

October 13, 2014

Home Depot’s Marvin Ellison will leave the world’s largest home improvement retailer to take the top spot at Plano, Texas-based J.C. Penney. 

Ellison is currently executive VP stores at The Home Depot. 

September 2, 2014

The Home Depot is the latest major retailer to investigate what looks like a data breach. 

The Atlanta-based retailer is looking into the matter and also working with law enforcement and bank investigators. 

"Protecting our customers' information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers,” the retailer said in a statement. 

August 25, 2014

Craig Cowart will succeed Doug Miller as president of Houston-based hardware distributor Handy Hardware, effective Oct. 1. 

Cowart will lead Handy as it distances itself from its tumultuous recent period and builds on its “ProfitPlus” value proposition, the company said.

August 20, 2014

On Wednesday morning, it was Lowe's turn to deliver strong quarterly earnigns.

And the Mooresville, North Carolina-based retail giant did just that. The company reported net earnings of $1.04 billion for the quarter ended Aug. 1, marking a 10.4% increase over the second quarter last year. Sales for the quarter were up 5.7% to $16.6 billion, as comparable-store sales were up 4.4%.

"We were able to recover most of the outdoor product sales missed in the first quarter due to unfavorable weather conditions," said Robert Niblock, president and CEO.

July 25, 2014

Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.

April 17, 2014

According to the U.S. Environmental Protection Agency and the Department of Justice, Lowe's has agreed to settle its lead paint case for $500,000 and to implement a new compliance program at all 1,700+ locations nationwide.

The settlement is a response to an EPA investigation that found that Lowe's lacked the documentation to prove it had abided by the agency's regulations when hiring contractors in nine states or using EPA-approved lead paint testing kits. The EPA was originally tipped off by comments and complaints from the public.

April 9, 2014

Representing the marketing chops of the home improvement industry, Briggs & Stratton Corporation earned high marks for its Mower Mouth social media contest at this year's Shorty Industry Awards on April 7 in New York City.

The contest earned Briggs & Stratton the spot for Best Facebook Contest, which it shared with ESPN's SportsCenter after beating a third finalist, ABC Family.

March 4, 2014

Is Tile Shop the fastest-growing specialty building product retailer in the country? Or does it just seem like it?

In the span of a month, Tile Shop locations cropped up in Tulsa, Danbury, San Antonio and Oklahoma City. And since it went public in August 2012, the Minneapolis-based retailer has been expanding aggressively. Twenty stores opened in 2013, debuting in new markets amid a beefed-up corporate infrastructure.

February 26, 2014

For the 19th straight quarter Home Depot's total company comparable-store sales beat those of Lowe's. But the contest is getting closer.

January 20, 2014

BlueLinx Holdings, Inc. has a new president and CEO in Mitchell Lewis, who will be leading the company effective Jan. 20.

Additionally, executive chairman Howard Cohen is stepping down, though he (and Lewis) will both serve as members of the board. Roy Haley, who has been on the board since May 2013, will take Cohen's place as non-executive chairman.

January 10, 2014

Samsung has set its sights on a fairly ambitious goal: to become the world's largest appliance manufacturer by 2015.

According to Bloomberg Businessweek, Samsung has some pretty formidable competition here in the U.S., including current leader Whirlpool. However, it's the fast-growing appliance brand in the country, managing to jump from 2.3% market share to 10.5% over the last five years.

December 10, 2013

The stakes are high for the nation’s independent retailers. And the competition is fierce. Stores around the country are fighting for their share of the housingmarket recovery in a highly promotional shopping environment.

November 20, 2013

Mooresville, N.C.-based Lowe's reported a solid third quarter, with sizable gains in earnings and sales.

The company's net earnings increased 26.0% to $499 million. Sales for the quarter jumped 7.3% to $13.0 billion, up from $12.1 billion in the year ago quarter. Comparable sales for the quarter increased 6.2%. 

October 22, 2013

As upstart home goods e-tailer Wayfair gears up for a likely IPO in 2014 or 2015, Michael Fleisher will step in as the company's new CFO to help speed the process along.

Fleisher, who is leaving his post as Warner Music Group vice chairman, replaces Nicholas Malone, who is remaining at the company as chief administration officer.

October 16, 2013

HCN congratulates the 50 hardware store, home center and farm and ranch retailers who made the annual HCN Hardware Store All-Star list.

Now in its third year, HCN's annual list of high performers recognizes hardware stores -- one from each state -- that are outstanding in their field. The complete list and analysis can be found in the September issue of HCN. Meanwhile, HCN Daily will work its way across the country with mini profiles, continuing this week with Missouri, Arkansas and Louisiana.

October 11, 2013

LG Electronics USA is giving consumers a chance to win a suite of home appliances via a contest on its Facebook page.

July 30, 2013

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July 17, 2013

J.D. Power and Associates has released its annual kitchen and laundry appliance satisfaction surveys, with warranty playing an increasingly important role in the minds of customers.

Performance and product-specific features have long been the most influential factors in calculating these statistics, but warranty and price have been trending upwards in importance. Warranty now contributes to about 10% of the overall satisfaction score across all categories, a jump of two percentage points over the last three years.

March 15, 2013

In the fourth quarter, Home Depot had a field day in its quarterly sales comparisons with rival Lowe's — a 13.9% gain compared with a 5% decline. However, the field wasn't level.

Home Depot had an extra week in its 2012 quarter, while Lowe's was operating with one fewer week. The difference created a nearly $2 billion swing, as the extra week benefited Home Depot to the tune of $1.2 billion, and deflated Lowe's by about $766 million.

December 27, 2012

Oak Brook, Ill.-based Ace Hardware’s recent purchase of the 85-store Westlake Ace Hardware chain -- the co-op’s largest customer -- represented “good offense” and “good defense,” according to the co-op’s message to Ace retailers.

December 3, 2012

The Home Depot and Lowe's are adjusting their lineups in their appliance assortments. At Home Depot, Samsung joins the fray, while Lowe's introduced LG.

At Home Depot, Samsung Electronics America products will be available to be ordered in store locations nationwide and on Homedepot.com beginning Dec. 9. "Adding Samsung's line of home appliances to the roster really bolsters our offering to meet the growing needs of our consumers," said Bob Baird, merchandising VP.

October 18, 2012

Black & Decker is partnering with Richard Petty Motorsports and NASCAR Sprint Cup Series driver Marcos Ambrose. The Black & Decker-branded No. 9 Ford Fusion will race at four primary races: Kansas on Oct. 21, Martinsville on Oct. 28, Phoenix on Nov. 11 and Homestead-Miami on Nov. 18.

October 17, 2012

Nexxus Lighting has executed a distributor agreement with PolyBrite International. Under the agreement, Nexxus will begin offering all of PolyBrite's Borealis LED lighting solutions to Nexxus' customers.

August 16, 2012

Chicago -- Ace Hardware supplied several growth-minded statistics to members during the co-op’s Fall Market general session, which was heavy on strategy initiatives and inspirational messages for store owners.

The paint department figured heavily in the Thursday morning presentation. So did payment systems, logistics and -- as one would expect -- the concept of customer service as delivered by a friendly store. 

June 21, 2012

An article in the Washington Post has escalated the battle between Ace Hardware and a group of former members who claim they were misled by the hardware co-op’s sales projections and other financial data. Joining the fray is Rep.