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August 17, 2012

Expectations are high that mobile payments represent the future of commerce, and a group of leading retailers this week formed a new organization to offer an alternative way to pay.

The group, Merchant Customer Exchange, will integrate a range of consumer offers, promotions and retail programs available via any smartphone. Participating retailers include Wal-Mart, Lowe's, Sears Holdings Corp. and Target. Additional members are expected to be announced in the coming months.  

August 15, 2012

Home Depot’s top merchant spelled out the category gainers during the company’s second-quarter earnings call.

August 10, 2012

Newell Rubbermaid named to its board of directors Ignacio Perez Lizaur, a former Wal-Mart Stores executive. 

Lizaur led Wal-Mart’s first international venture when he worked as director of Sam’s Club Mexico in 1991.

June 12, 2012

According to a report by Reuters, that U.S. District Judge Charles Breyer on Friday said he was "seriously concerned" about whether the female plaintiffs suing Wal-Mart Stores have sufficient evidence to proceed with their re-filed gender discrimination lawsuit.

The group is again filing suit against Wal-Mart for allegedly denying them pay raises and promotions for gender-related reasons. The original class action suit of as many as 1.5 million current and former Wal-Mart employers was dismantled by the U.S. Supreme Court last year.

June 7, 2012

GE Monogram will open its second design center in the nation at Chicago’s Merchandise Mart in March 2013. It will be located at LuxeHome, on the ground floor, a boutique showcase for home-building products and kitchen and bath renovations. 

GE opened its first Monogram Design Center in New York City's Architects & Designers Building in 2008. The NYC center has increased share of GE Monogram appliances in the northern region by 50% since it opened.

June 7, 2012

Speaking at The Home Depot’s 2012 Investor and Analyst Conference in Atlanta, Home Depot executive VP merchandising Craig Menear revved up the power tool rhetoric.

Menear said the company intends to defend its position as power tool market share leader.

He also described power tools as a category with a relatively high vulnerability to online competitors. One of the best defenses is a large fleet.

June 1, 2012

Against the backdrop of a slowly recovering economy, Home Channel News has once again published its Top 300 Industry Scoreboard — the 300 leading home improvement and building material retailers ranked by sales for the most recent fiscal year. For the second consecutive year, the sales of the Top 300 retailers showed a positive increase over the previous year.

May 9, 2012

A tie-down tool called LoopRopes, designed to help safely transport cargo in the back of a truck or car, will find its way into Wal-Mart Stores, according to the Medford, Ore. Based supplier.

Wal-Mart Stores ordered more than 11,000 "LoopRopes" for 1,100 Wal-Marts from the company, making it Jeff Dahl’s largest wholesale order since inventing the product just over two years ago.  

May 2, 2012

Las Vegas -- The networking, the education and the product pitching began in spades at 9 a.m. Tuesday morning with the opening of the 2012 National Hardware Show.

Buyers and retailers come for many reasons, one of which was articulated by Dan Fesler, CEO of St. Paul, Minn.-based Lamperts: "You have to take a look at what's out there every once in a while." 

February 21, 2012

Boosted by mild temperatures and spring-like selling conditions throughout much of the country, Atlanta-based Home Depot saw sales rise nearly 6% in the fourth quarter.

The home improvement giant reported fourth-quarter sales of $16.0 billion, up 5.9% from the same quarter last year. Comparable-store sales were positive 5.7%, and up 6.1% in the United States.

"We had a strong finish to 2011, and with favorable weather, our business delivered results that exceeded our expectations," said CEO Frank Blake. 

February 16, 2012

Orlando, Fla. -- The stage of the 2012 City of Hope “Spirit of Life” event featured one brand new honoree, several more industry icons and 30 years of memories for the hardware/homebuilding group.

Convening for the good of the California-based cancer treatment and research center, executives and supporters filled a banquet room at the Rosen Plaza Hotel here on the eve of the International Builders' Show to honor the man of the hour: Ace Hardware's Ray Griffith. The president and CEO of the Oak Brook, Ill.-based hardware co-op accepted the 2012 Spirit of Life award.

February 8, 2012

A True Value store in Walnut, Calif., a suburb of eastern Los Angeles, has begun its liquidation sale and will close within the next 90 days, according to an article in the San Gabriel Valley Tribune.

Walnut True Value Hardware has been operated by Stuart Tielens, a 64-year-old businessman who eventually succumbed to his customers’ lack of spending from the poor economy and competition from a Home Depot that moved in two years ago.

December 5, 2011

Here’s the compelling math behind The Home Depot’s effort to embrace the pro customer: Pros account for 4% of total Home Depot customers and 30% of total Home Depot sales.

Clearly, these are customers that the world’s largest home improvement retailer wants to impress. The Home Depot has known for years the importance of its pro customer, but something’s different at Home Depot these days, and the difference begins with three little words: “First for Pro.”

November 28, 2011

Flooring retailer Lumber Liquidators has announced that Robert Lynch, its current president and chief operating officer, will succeed current CEO Jeffrey Griffiths on Jan. 1, 2012. As part of the company’s succession plan, Griffiths will also retire from the board of directors at the same time.

November 15, 2011

Stormy weather around the country had something to do with Home Depot's third-quarter sales gain of 2.9%. So did strength in core categories.

The world's largest home improvement retailer posted a 4.2% comp-store sales gain for the quarter ended Oct. 30. Total sales increased 2.9% to $17.326 billion. And even bigger growth came in the net earnings column, where Home Depot reported a 13.0% increase and net earnings of $934 million.

November 14, 2011

An article in the Washington Post reported how Lowe’s, Home Depot and other big-box retailers are either pulling out or reconsidering their plans to open stores in the Washington, D.C.-Baltimore area -- leaving plenty of opportunity for future Walmarts.

October 25, 2011

St. Paul, Minn.-based 3M has reported third-quarter net income of $1.09 billion, down 1.8% from $1.11 billion in the third quarter of 2010. Sales in the third quarter ended Sept. 30 totaled $7.53 billion, up 9.6% from $6.87 billion in the year-ago period. 

Net income for the first nine months totaled $3.33 billion, up 5.4% from $3.16 billion in the prior-year period. Net sales were $22.52 billion, up 12.9% from $19.95 billion in the first nine months of 2010.

October 18, 2011

Wal-Mart Stores has announced that the president of its China unit is stepping down. A company spokesman said the resignation was unrelated to a Chinese government food safety case against several Wal-Mart stores.

Ed Chan, CEO of Wal-Mart China, left for personal reasons, the company said. Scott Price, president of Wal-Mart Asia, will fill the position in the interim.

October 14, 2011

Wal-Mart Stores had positive news for analysts and investors gathered for the retailer’s annual meeting on Wednesday in Rogers, Ark. The chain said its same-store sales rose in July, August and September, reversing a two-year slump. It also announced that it plans to cut its capital spending in the United States, even as it increased cap spending abroad, as it continues to shift toward building smaller stores. 

October 10, 2011

In an effort to add new Canadian-made products to its stores, Home Depot Canada will hold a “Meet the Buyer” event on Nov. 24 in Kanata, Ontario. Small and medium-sized Ontario and Quebec-based manufacturers with an innovative home improvement product or technology are invited to apply. There will be no charge to the vendor, who can pitch their product to a buyer from Home Depot and also showcase their item in a tradeshow-style event attended by members of Home Depot’s merchandising team.

October 10, 2011

Officials in Maryland's Montgomery County have issued a report blaming Home Depot, Lowe’s and Sears for failing to ensure that gas appliances installed by their subcontractors were inspected as required by law, according to an article in the Washington Post.

September 22, 2011

Atlanta-based Home Depot opened its first store on the Caribbean island of St. Croix.

With a population of more than 50,000, St. Croix is one of the islands of the U.S. Virgin Islands, where a Home Depot has been open for several years on the island of St. Thomas. The company operates six stores on nearby Puerto Rico. 

The store has been described as the only new Home Depot store to open anywhere in the United States or its territories during the past 12 months.

Home Depot operates a total of 2,246 stores. 

 

September 21, 2011

As part of its "Celebration of Service" initiative to honor U.S. military veterans, the Home Depot Foundation announced $1.425 million in grants to nonprofits dedicated to addressing the housing needs of veterans.  

The grant recipients are U.S.VETS, Center for Veterans Issues, The Jericho Project, Low Income Housing Institute and Renovating Hope. Across the country, these recipients provide more than 500 homes and apartments for veterans each year.

September 13, 2011

Weyerhaeuser announced that it has been named to the Dow Jones Sustainability World Index, which tracks companies in terms of their economic, environmental and social performance. 

August 31, 2011

Guns and hardware

“Gun thieves will resort to any means to achieve their goal. Dealers take multiple efforts to prevent the thieves from access and slow the theft (these include vehicle barriers, steel doors and curtains, in-store safes and in-store bank vaults) to allow time for the police to respond. The truth is if someone wants to steal something and they are intelligent, they will figure out a way to do it or at least try.”

— Bruce Pfuhl

Sales manager hardware/industrial/AG Benchmade Knife Co.