Content about Commerce

April 27, 2012

Whether it’s a product designed to bring efficiency to the home, save time for the DIYer or allow a consumer a chance to feel good about buying a Made-in-the-USA product, show organizers have taken steps to give permanence to the show-floor activity.

The May 1 to 3 event at the Las Vegas Convention Center will see a few new twists.

For the first time at the show, a “Made in the USA Pavilion” will showcase domestic-made products.

April 25, 2012

In a victory for foreign-based manufacturers, the U.S. International Trade Commission has ruled that LG Electronics and its affiliates were not guilty of “dumping” certain refrigerator models on the U.S. market. The 5-0 vote ended a year-old investigation initiated by Whirlpool, which claimed that bottom-mount refrigerators made in Mexico and Korea were sold in the United States at below market value.

March 23, 2012

An article about a U.S. Commerce Department ruling that some imported bottom-mount refrigerators were sold at prices unfair to American competitors led to several letters.

“There is no way that free enterprise businesses can compete and win against companies being underwritten by their countries.

“There is a core group of Americans who are being ignored in this NEW GLOBAL FREE TRADE economy. Not everyone can go to college or be trained for high tech jobs.

March 15, 2012

According to an article in the Chicago Tribune, the closing of 43 Sears hometown dealer stores and 10 Sears Hardware stores are planned for the first half of 2012.

The latest revelation on Sears' plans to cut its expenses and transform its business came from its annual report, which was released late Wednesday. 

March 2, 2012

Robert and Vicki Amberg, owners of Gerstner Hardware in Glenn, Mich., recently proved their commitment to their surrounding community by re-locating a nearby Post Office designated to close and incorporating it into their store.

The story reminded me of my Uncle Jerry, proprietor of an independent store stuffed with hardware SKUs and located in South Newfane, Vt.

February 27, 2012

Sears quietly added all nine of its Great Indoors stores to the list of store closings on Feb. 23.

Store managers were informed on Thursday, a Sears spokeswoman confirmed, but no exact date has been given for the closings.  

The upscale remodeling and home décor stores began opening in 1998, long before the Sears and Kmart merger. At one point, Sears operated 20 of the units, but they were never a big moneymaker for the company. 

February 23, 2012

Sears Holdings Corp. has reported a loss of $2.4 billion in the fourth quarter, compared with a profit of $374 million in the year-ago period. And in a move long anticipated by some analysts, the chain also announced plans to tap into its massive real estate holdings to help make up for its faltering retail performance.

Revenue slipped 4% to $12.5 billion from $13 billion. Same-store sales fell 4.1% during the quarter at Sears and 2.7% at Kmart.

February 1, 2012

According to an article in the Evening Standard, a former Sears and Best Buy executive will lead the multi-channel, 750-store Argos. 

John Walden is taking over on a mission described as a turn-around effort and an uphill battle. He replaces Sara Weller, who last year left the top spot at Argus, a division of Home Retail.

January 27, 2012

The PayPal pilot at Home Depot stores is rapidly expanding, going from 51 test locations in the San Francisco Bay Area this week to all 2,000 Home Depot stores by the end of March, according to Bloomberg News.

PayPal director of communications Anuj Nayar told Bloomberg the digital commerce company will extend the trial to 20 additional retail partners by the end of 2012.

January 23, 2012

John Donahoe, president and CEO of eBay, during a Jan. 18 earnings call expanded on the test of PayPal with retailer Home Depot. 

A division of EBay, PayPal is experimenting with extending its on-line payment system to point-of-sale retail locations. In the fourth quarter of 2011, it chose Home Depot as its first national retailer for a limited test at five stores. PayPal plans to widen the pilot to 51 stores in the Bay Area by the end of the month, Donahoe said.

He explained to investors how the payment process worked by relating his own experience.

January 12, 2012

The European DIY-Retail Association (EDRA) added seven new members in 2011, bringing the latest tally to 92 home center companies. 

In its end-of-year message, EDRA General Secretary John W. Herbert, described the day-to-day routine of the group, now in its second year as an independent association. "We are heavily involved at our Cologne office dealing with the increasing number of network inquiries from our members, which include company and store visits, statistics, best practices and trends."

January 5, 2012

The Mooresville, N.C.-based home improvement retailer's MyLowe's online product will be on display at the 2012 International CES show in Las Vegas.

The tech features of MyLowe's include a card or key fob to track in-store purchases online; a digital home profile to create rooms and store floor dimensions, product details and notes for the home; and folders to organize projects and ideas.

The Jan. 10-12 consumer electronics show is one of the biggest trade fair's in the country. 

 

 

January 3, 2012

Sears Holdings hired Ron Boire as executive VP and chief merchandising officer. Boire, who previously was president and CEO of Brookstone, will lead merchandising and retail stores for both the Sears and Kmart brands.  

He will work with the company's leadership team to better serve its customers and Shop Your Way Rewards Members by integrating their experiences across stores, online, services and mobile capabilities, the company said.

December 30, 2011

Hoffman Estates, Ill.-based Sears Holdings has identified 80 of the 100 to 120 stores it plans to close as part of a strategy it announced earlier this week.

The list of 80 stores-to-be-closed includes 39 Kmart stores, 25 Sears full-line stores, and 14 Grand/Essentials and two Sears Hardlines Only stores. The list can be seen here.

December 29, 2011

Mooresville, N.C.-based Lowe’s acquired ATG Stores, an online retailer of home improvement and lifestyle products based in Kirkland, Wash. 

The acquisition, announced Thursday morning, "underscores Lowe’s commitment to providing an endless aisle of products," the company said. The move is part of an effort to boost the retailer's online and multichannel presence.

December 27, 2011

Hoffman Estates, Ill.-based Sears Holdings plans to close 100 to 120 Kmart and Sears full-line stores after reporting a disappointing recent performance. The Tuesday morning announcement -- contained in a press release titled "Sears Holdings Provides Update" --  reported a 5.2% comp-store sales decline for the quarter-to-date period, and a 2.6% decline in the year-to-date period, ended Dec. 25. 

December 6, 2011

Brentwood, Tenn.-based Tractor Supply Co. has promoted Alexander Stanton to senior VP supply chain. In his new role, Stanton will handle logistics, transportation, distribution centers, inventory management and pricing for the 1,054-store retailer.

He joined the company in 2006 as VP finance and was later named senior VP finance and strategy. In his new role, he will report to Gregory Sandfort, president and chief merchandising officer.

November 14, 2011

The Home Channel Stock Roundup shows stocks scattered across the board, with Tractor Supply and Fastenal showing the biggest annual gains.

November 7, 2011

British retail giant Kingfisher plans to go about its DIY retail business in China with a new approach, according to an article in the Financial Times.

The company's CEO Ian Cheshire told the newspaper that big-box DIY "is not the model for China," which has proven difficult for DIY retailers to gain acceptance. The international retailer is trying a showroom format targeting the do-it-for-me customer.

November 7, 2011

The race for the winning e-commerce formula continues. The latest effort comes from Mooresville, N.C., where the nation’s second-largest home improvement retailer is taking a holistic approach to engaging customers across channels.

Lowe’s launched its MyLowes Web-based tool last month and described it as a digital effort to help consumers maintain, manage and dream about home improvement.

October 24, 2011

Mooresville, N.C.-based Lowe's launched its MyLowes Web-based tool, its digital effort to help consumers maintain, manage and dream about home improvement.

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 15, 2011

Sears Holdings is looking for other retail outlets to sell its Kenmore-branded appliances, the Wall Street Journal reported. According to a LinkedIn job posting, Sears is searching for a chief marketing officer for its appliance line who will promote appliance purchases through “external groups” such as Costco. 

September 14, 2011

Sears Holdings Corp. was one of the winners of the 2nd Annual Colloquy Loyalty Awards – an event presented by LoyaltyOne and Visa – that recognizes "transformative, customer-focused Enterprise Loyalty initiatives" around the world.

The international Master of Enterprise Loyalty award went to Sears Holdings.

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