Content about retail

July 9, 2014

The National Retail Federation performed an internal shuffle, first by hiring Paul Martino as VP and senior policy counsel and second by promoting Beth Provenzano to VP for Federal Government Relations.

July 3, 2014

Irvine, California-based Insteon says its home automation and control technology products are now available in Microsoft retail stores.

The company’s connected-home devices are also available through MicrosoftStore.com and at such stores as Best Buy, The Home Depot, Walmart, Sears and Menards, among others. 

July 3, 2014

San Carlos, California-based Kelly-Moore Paint Company is continuing what it calls an “aggressive retail expansion” with the opening of its 5,400-sq.-ft. store in Petaluma, California.

The store at 905 Lakville St. marks the company’s 105th retail store in northern California.

July 3, 2014

The U.S. economy added 288,000 jobs in June, pushing the national unemployment rate down to 6.1%, a pre-recession low not seen since September 2008.

According to the U.S. Bureau of Labor Statistics, that translated to a decrease of 325,000 unemployed persons, which now number 9.5 million nationally. The number of long-term unemployed (jobless for 27 weeks or more) dropped by 293,000 to 3.1 million.

July 1, 2014

Ace Hardware is shipping off to New Zealand -- specifically, as a wholesale supplier to Mitre 10, a major home improvement retail cooperative in the country. Individual Mitre 10 stores will also have the opportunity to purchase goods from Ace directly.

July 1, 2014

Tile Shop has elected a new CFO, who will be joining the company from Best Buy, Inc. and replacing Timothy Clayton, who is leaving to pursue another opportunity.

June 27, 2014

Kelly Kolb, VP government affairs of the Arlington, Virginia-based Retail Industry Leaders Association (RILA), made a statement on behalf of the organization regarding union contract negotiations at West Coast ports.

With the deadline to resolve the negotiations drawing near, RILA said its priority was to avoid work stoppage and to keep supply chains functioning as usual.

June 17, 2014

The National Retail Federation and the Retail Industry Leaders Association asked an appeals court to overturn a federal judge’s approval of a lawsuit settlement over Visa and MasterCard’s credit card swipe fees, saying it was negotiated by only a handful of merchants and would do nothing to bring the fees under control.

June 16, 2014

Technology and its role at retail will fuel discussions at the upcoming House-Hasson Hardware June dealer market.

The market is set for June 19-21 at the Sevierville Events Center, Sevierville, Tennessee, just outside the Great Smoky Mountains National Park. 

June 16, 2014

Beginning in July, Samsung intends to make a splash in retail stores with a high-tech appliance display called CenterStage. The new concept showcases Samsung’s portfolio of appliances in what it calls “an ultra-realistic and life-size display with an intuitive touch-screen interface.”

June 13, 2014

KB Home opened a brand new KB Home Design Studio in the Sacramento area, 

The Roseville, California, facility is described as a retail-like showroom where home shoppers can explore design choices, energy-efficient features and sophisticated home automation technologies.

Roseville is also home to two new KB Home communities, Aria and Legato at Westpark, which both celebrated grand openings this spring.

June 12, 2014

May picked up the pace a bit in the retail sector, with monthly sales improving 0.3% for the month after a fairly stagnant winter season. However, the results still fell below economists' expectations.

The U.S. Census Bureau announced that advance estimates of U.S. retail and food services sales were $437.6 billion in May, a 4.3% improvement over 2013.

June 9, 2014

Houston-based Mattress Firm Holding Corp., retailer of mattresses and accessories in the United States, announced the completion of its acquisition of the mattress specialty retail assets and operations of Mattress Liquidators, Inc., which operates Mattress King retail stores in Colorado and BedMart retail stores in Arizona.

June 7, 2014

Coupons for Iris from Lowe's, the smart home program, are reaching State Farm insurance customers thanks to a deal between the insurance and retail giants. 

In mailings to its customers, State Farm has included coupons good for $10 discounts for Iris Safe & Secure Kits and $25 discounts for Iris Smart Kits. State Farm is further incentivizing the systems with up to 2% discounts on homeowners insurance for those who have the systems in their homes.

June 6, 2014

Though the U.S. economy pushed an above-average pace in adding 217,000 jobs in May, unemployment stayed flat at 6.3%, its lowest level since November 2008.

Also significantly, the labor participation rate was virtually unchanged at 62.8% in May, as were the number of unemployed persons at 9.8 million.

Those who fall into the long-term unemployed category (jobless for 27 weeks or more) were similarly flat at 3.4 million. That number has declined by 979,000 over the past year.

June 5, 2014

Laticrete will purchase the DuPont Surface Care business in a transaction expected to close later this month.

Laticrete will merge the DuPont StoneTech, DuPont Stone Care and DuPont Paver Armor Pro branded products with its existing portfolio of products, which are already placed in professional and retail channels around the world.

June 4, 2014

Father's Day and Fourth of July events at the world's largest home improvement retailer include expanded assortments of LED light bulbs and folding lawn mowers.

During the company's first-quarter earnings call with analysts and investors, Home Depot president U.S. retail Craig Menear spelled out four product introductions that he said will "generate a lot of excitement in the second quarter."

June 4, 2014

While staff and service remains the most influential factor in satisfaction once customers are at a home improvement retail store, price is what drives customers to a retailer in the first place, underscoring the importance of competitive differentiation efforts via better price and value perception, according to the J.D. Power 2014 Home Improvement Retailer Satisfaction Study released today.

The survey results also showed Ace Hardware at the top of the 2014 Home Improvement Retailer Satisfaction Study, followed by Menards and Lowe’s.

June 4, 2014

Following the gathering of “open carry” gun enthusiasts at a Texas Home Depot, most HCN readers indicated they would have no problem with a similar event at their locations.

In fact, in a recent survey, 58% said they would welcome gun owners with open arms, compared with 31% who said they would invite those carrying guns to disperse.

June 3, 2014

Walmart Canada president and CEO Shelley Broader’s role has changed to include oversight of Europe and Africa.

Broader was named EVP, president and CEO of Walmart EMEA, a region Walmart defines as including Canada, Europe, the Middle East and Sub-Saharan Africa. 

June 2, 2014

The Central Network Retail Group, or CNRG, has acquired Parkrose Hardware. In doing so, the collection of hardware store and lumberyard retail brands expands West for the first time, with locations in Portland, Oregon, and Vancouver, Washington.

CRNG's footprint expands to 45 locations, including the Parkrose acquisition.

"Parkrose is our first step out West and will serve as a foundation for our growth in the Pacific Northwest," said Jimmy R. Smith, chairman of CNRG.

May 29, 2014

A Lowe’s spokeswoman told HCN that various blogs covering the story about a Lowe’s data breach inaccurately implied that consumers were affected. 

That’s not the case, said Karen Cobb, manager of corporate public relations for the Mooresville, North Carolina-based retail giant.

“This situation affected only documentation of employees approved to drive Lowe’s-owned vehicles and in no way contained any customer data,” she said.

May 23, 2014

Andersen is making some personnel moves within its Renewal by Andersen division. The company's leadership team now includes Troy Barrow as VP marketing, Grant Davis as VP company owned retail operations and Jeanne Junker as VP affiliate retail operations.

“This is an exciting time for Renewal by Andersen,” said Renewal president Paul Delahunt. “These key leaders have helped us deliver strong growth over the past few years with a keen focus on customer satisfaction. I look forward to their continued leadership and passion for success.”

May 21, 2014

Bad weather for retail dampened sales at Lowe's, but earnings surged well into the double digits for the first quarter, the company announced Wednesday morning.

Lowe's sales increased 2.4% in the first quarter, rising to $13.4 billion. Comparable-store sales increased 0.9%.

The Mooresville, North Carolina-based retail giant reported a net earnings surge of 15.6% to $624 million for the quarter ended May 2.

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