Content about News - Home Centers

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.

May 22, 2014

Hoffman Estates, Illinois-based Sears Holdings chairman and CEO Edward Lampert beat the drum of “transformation,” as the retailer posted another quarter of declines in consolidated sales and earnings.

The good news: Online and multichannel sales grew 26% over the same quarter last year. And Sears Domestic comp-store sales grew 0.2%.

May 14, 2014

 The Sears Holdings empire plans a strategic retreat from Canada.

In a three-sentence announcement released Wednesday morning, Hoffman Estates, Ill.-based Sears Holdings Corp. said it is "exploring strategic alternatives for its 51% interest in Sears Canada, including a potential sale of Sears Holdings' interest or Sears Canada as a whole." 

The company said it plans to hire an investment bank to help with the sale. It didn't say which firm.

May 8, 2014

There are more store closings in Sears’ future. In an address at Sears Holding Corp.’s annual shareholders meeting, chairman and CEO Edward Lampert said the company would close stores and look for ways to leverage its real estate as it continues to focus on integrated omnichannel retail and its Shop Your Way rewards program.

"Closing stores is going to be part of our future," Lampert said. "I'd rather do (fewer closures) rather than more, but the world has shifted."

May 6, 2014

Sears Hometown and Outlet Stores opened its newest Illinois location in Pekin.

The store is the first new Sears Hometown Store to open this year and the sixth opening of a new store across all Sears Hometown and Outlet Stores.

“We’re both proud and excited to fulfill high consumer demand for Sears Hometown Stores in the Pekin area and to become a staple in the community,” said Adam White, store manager of the new Sears Hometown store.

April 29, 2014

Ferguson, the largest wholesale plumbing distributor in the U.S., acquired Factory Direct Appliances.

Factory Direct Appliance is a seven-location appliance dealer with five showrooms in Kansas City, Mo., and two outlying locations in Des Moines, Iowa, and Omaha, Neb. 

The deal marks the second big acquisition of the year for Ferguson, which acquired Karl’s Appliance in February. Karl’s operates six showrooms in northern New Jersey. 

April 7, 2014

After announcing its plans last December to do away with yet another one of its assets, Sears Holdings officially completed its spinoff of the Lands' End unit on Friday. 

As according to plan, Lands' End began trading as a separate company Monday (stock ticker symbol LE), with about 32 million shares to its name. Those holding Sears shares as of March 24, 2014 received about .3 shares of common Lands' End stock per Sears share.

March 7, 2014

The Tile Shop has made its New Mexico debut with the opening of a store in Albuquerque, located at 5000 Pan American Freeway.

The 22,000-sq-.ft. location features Tile Shop's usual product offering of 5,000 tile and natural stone products, with a showroom that includes more than 50 bathroom and kitchen vignettes.

March 3, 2014

The Secret Service was investigating a possible security breach at Sears last Friday, but the retailer issued a statement the same day announcing that it found no evidence of foul play in its systems.

"There have been rumors and reports throughout the retail industry of security incidents at various retailers, and we are actively reviewing our systems to determine if we have been a victim of a breach," read the prepared statement. "We have found no information based on our review of our systems to date indicating a breach."

February 27, 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.