Content about News - Home Centers

October 23, 2014

A report in Seeking Alpha Thursday revealed that Sears Holdings was planning on laying off at least 5,457 workers before the holidays, as well as closing more than 100 stores.

Sears spokesman Howard Riefs did not respond to Seeking Alpha's request for comment, though his name was on the bottom of the liquidation sale notices obtained by local media.

October 16, 2014

Sears Hometown and Outlet Stores has opened the doors to its newest Sears Hometown location in Florida.

The new store, located in LaBelle, Florida, at 870 W. Hickpochee Ave., Ste #800, officially opened on Oct. 14.

October 13, 2014

Kmart said its store payment systems were penetrated by cybercriminals who used a form of malware undetectable by current anti-virus systems.

The retailer said its information technology team on October 9 detected its payment data systems had been breached and immediately launched a full investigation working with a leading IT security firm. It was determined the breach began in early September and upon detection Kmart said it was able to quickly remove the malware.

October 8, 2014

Sears Holdings had an eventful day Wednesday after Bloomberg News reported that at least one of its vendors had canceled shipments to the retailer, citing anonymous sources close to the situation.

October 7, 2014

Lumber Liquidators has embraced The United Mitochondrial Disease Foundation's Energy For Life Walkathon series, a campaign aimed at raising awareness of the disorder.

The retailer will be sustaining its sponsorship of the Foundation, a partnership it began in 2013 as part of its philanthropic program, Lay it Forward. It has donated tens of thousands of dollars toward the effort since.

October 3, 2014

In keeping with its previously announced plans, Sears Holdings Corp. has officially sold the majority of its 51% stake in Sears Canada, lowering that number to 12%.

September 23, 2014

Indianapolis-based appliance retailer hhgreg opened a remodeled location in Columbus, Ohio’s Sawmill Shopping Center. The store reopened to the public on Thursday, Sept. 18.

The store is the chain’s sixth Columbus-area location.

September 23, 2014

IKEA is preparing to launch Sektion, a new kitchen system that will replace the existing Akurum system with a more modular design and more efficient use of interior space, the company said.

Beginning Feb. 2, 2015, IKEA customers in the U.S. will be able to purchase Sektion solutions for their homes. Until then, they'll still be able to plan and purchase the Akurum system.

September 22, 2014

Law firms are swarming around Sears Holdings regarding the short-term loan it recently secured from CEO Edward Lampert's hedge fund.

According to the law firms, Lampert's significant stake in Sears Holdings could potentially undermine the legitimacy of the loan, which is secured by 25 undisclosed Sears properties that Lampert could swap out at will.

September 16, 2014

The embattled Sears Holdings is taking all the help it can get, even if that means reaching into the pockets of its CEO, Edward Lampert.

According to an SEC filing submitted on Monday, the retailer is securing a $400 million loan from ESL Investments, Lampert's hedge fund, which will be used for as-of-yet unspecified purposes.

Lampert -- and by extension, ESL Investments -- currently stands as Sears Holdings' biggest shareholder. However, ESL lowered its stake in Sears less than a year ago due to pressure from wary investors.

September 10, 2014

Denver-based PRO Group recognized Cherokee PRO Home Center in Cherokee, North Carolina, as the 2014 Paul L. Cosgrave Memorial Award Winner.

Candler Cooper, a local businessman, and Danny Wingate of Haywood PRO Builders Supply teamed up about three years ago to fill a need in the local community by founding Cherokee PRO Home Center, according to PRO Group. 

The store serves the Cherokee community, including the Eastern Band of the Cherokee Nation.

August 28, 2014

Sears Hometown and Outlet Stores is touching down in Marlton, New Jersey, with the opening of a new Sears Home Appliance Showroom.

Local customers will be able to avail themselves of a complete collection of brand-name appliances at the lowest prices, guaranteed by the SHOS price-match policy.

August 22, 2014

Sears Canada is opening up a new fulfillment center in Calgary, Alberta that will serve customers in Western Canada who use the Sears Direct channel.

The 240,000-sq.-ft. facility will feature advanced product and packaging systems to increase efficiency in packing and shipping small-ticket items available through Sears Canada's catalogues and ecommerce website. The addition of the facility is expected to save an average of 1 to 2 days in delivery time for most customers in Western Canada.

August 20, 2014

Topping the list of appliance retailers up for review, hhgregg was honored with the highest score (of 819) in the J.D. Power Appliance Retailer Customer Satisfaction Study.

The annual J.D. Power survey uses criteria such as sales staff, merchandise, price and installation service to measurecustomer satisfaction with some of the country's largest appliance retailers. This year's study surveyed more than 2,900 customers who purchased a laundry or kitchen appliance in the previous 12 months.

August 20, 2014

The Home Depot’s President of U.S. Retail Craig Menear had plenty of positive numbers to discuss from a merchandising standpoint after the company reported comp-store sales growth of 5.8% in the second quarter.

All three U.S. divisions had positive comps, and also beat their sales plan, Menear said. Additionally, all departments had positive comps for the quarter, in which Home Depot reported sales of $23.8 billion.

August 19, 2014

Home Depot's net earnings crossed the $2 billion mark in the second quarter, as spring business for the world's largest home improvement retailer rebounded along with core departments.

Net earnings of $2.050 billion were up 14.2% from the same quarter last year. Net sales rose 5.7% to $23.811 billion. Comparable store sales were positive 5.8% -- and positive 6.4% for U.S. stores.

August 13, 2014

IKEA is prepping for the grand opening of its new Miami-Dade location, set to open on Aug. 27, 2014 to mark the company's second South Florida outpost.

“Construction work has advanced far enough to allow the interior build-up process and finishing details to be complete by August 27,” noted Selwyn Crittendon, store manager of the future IKEA Miami. “Now our primary goal is the final training of the more-than-350 local hires joining the IKEA coworker family.”

August 1, 2014

Hardwood flooring company Lumber Liquidators has donated one of its Dura Dance flooring systems to the Cincinnati, Ohio-based Highsteppers Drill Team as part of its Lay It Forward charity campaign.

The 15-year-old drill team recently moved into a new space, but didn’t have a proper floor, which led to Lumber Liquidators installing the Dura Dance system, which features underlying rubber to reduce impact and absorb energy.

July 24, 2014

Lumber Liquidators is under fire again over charges that its products contain illegal levels of formaldehyde after Global Community Monitor and Sunshine Park LLC filed a lawsuit in California state court July 23.

July 22, 2014

A big boost to the supply chain infrastructure of Sears Outlet Stores is expected to come online in the fall when the company reopens a revamped Sears facility in Kansas City, Missouri. 

Sears Outlet Stores, a subsidiary of Sears Hometown and Outlet Stores, has leased the former Sears location on E Front Street, expanding Outlet Store operations and services.

July 14, 2014

IKEA announced its plans to build a Las Vegas location, to be opened in the summer of 2016.

So far, the retailer has submitted its plans to Nevada's Clark County. The 351,000-sq.-ft. store would be located in the Spring Valley area, approximately 13 miles southwest of downtown Las Vegas.

July 9, 2014

The most recent "Highest in Customer Satisfaction with Kitchen Cabinets" survey by J.D. Power found IKEA to be a clear winner among customers.

According to the survey, IKEA ranked highest overall, scoring 789 on a 1,000-point scale. 

The study measures satisfaction according to design, ordering and delivery, price, operational performance and warranty. IKEA did best in the pricing and warranty categories.

July 8, 2014

Shop Your Way members at Sears and Kmart will now have 2,000 more store locations from which to elect Free Store Pickup services.

Using the integrated shopping option, customers can pick up their online orders at their choice of over 2,000 locations nationwide, ready in five minutes or less. This is especially convenient for customers who wish to buy Kmart supplies, but live substantially closer to a Sears location.

The service also makes it possible to obtain free pickup for exclusive brands like Bongo and Outdoor Life.

June 16, 2014

Sears Canada announced a deal to develop a 12-acre Sears site in Calgary, Alberta, at the North Hill Shopping Centre.

June 2, 2014

Sears is turning its focus on connected home products through the rollout of its new Connected Solutions Shops, which present home automation technologies in a hands-on, immersive format to Shop Your Way customers.

Citing the hundreds of billions in sales projected to be made by the connected home industry in the next five years, Sears made its case for positioning itself as a leading purveyor of smart home innovations.