Hardware Retailing

FEB 2018

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: https://hardwareretailing.epubxp.com/i/931868

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Page 106 of 112

HARDWARE RETAILING | February 2018 98 Newsmakers The Latest on Home Depot's Business Acquisitions The Home Depot made deals to buy two businesses during the second half of 2017, eyeing opportunities for future growth online and in its brick-and-mortar locations. TheRedT.com/hd-acquisitions Amazon, Walmart Online Prices Closer Than Ever A new study from financial data firm Market Watch finds that Walmart and Amazon's online prices are closer than ever, Business Insider reports. TheRedT.com/amazon-walmart-price Sears Takes DieHard Auto Parts to Amazon Sears Holdings has taken another aspect of its business to Amazon, announcing it will sell DieHard auto products on the e-commerce site, according to the company. TheRedT.com/sears-diehard Target Buys Grocery Delivery Company Shipt Target has purchased delivery startup Shipt Inc., a deal which will enable the retailer to complete same-day deliveries from about half of its 1,800 stores by summer 2018, according to Bloomberg. TheRedT.com/target-shipt Home Depot Buys Bedding and Bath Company The Home Depot recently announced its acquisition of Wisconsin bedding and bath business The Company Store. TheRedT.com/hd-company-store Lowe's Names First Chief Digital Officer Vikram Singh will serve as Lowe's Cos. Inc.'s senior vice president and its first chief digital officer, according to the company. TheRedT.com/lowes-cdo Going Private Is Not a New Suggestion for Sears A shareholder recently released a letter asking the retailer "to form a board to look after shareholders, to temporarily suspend short-selling in Sears' stock, and to evaluate strategic alternatives that include going private," CNBC reports. TheRedT.com/sears-private Carr Hardware Wins National Retail Contest Independent We Stand awarded its seventh annual Independent Small Business of the Year award to Pittsfield, Massachusetts-based Carr Hardware. TheRedT.com/iws-carr-hardware Home Improvement Retailer Busy Beaver Expands Pittsburgh-based home improvement retailer Busy Beaver has announced plans to open five new locations in 2018, the company reports. TheRedT.com/busy-beaver Menards Plans to Build Robotic Warehouse Menards has announced plans to construct a new warehouse that will incorporate a 60-foot-tall robotic system to speed up delivery times and cut operating costs. TheRedT.com/menards-robots Walmart Makes Official Name Change to Reflect Modern Retail The company has legally changed its name from Wal-Mart Stores Inc. to Walmart Inc., effective Feb. 1. TheRedT.com/walmart-official Encouraging Trades, Training Among Topics at Women's Leadership Roundtable The North American Retail Hardware Association (NRHA) hosted its second annual Women's Leadership Roundtable in Chicago on Dec. 6. TheRedT.com/womens-roundtable Former Ace Chain Owner C. Jay Buikema Dies at Age 78 C. Jay Buikema, longtime owner and CEO of Buikema's Ace Hardware stores in Illinois, died Dec. 5. TheRedT.com/jay-buikema Home Depot Readies $15B Share Buyback During its 2017 Investor and Analyst Conference, Home Depot's board of directors announced plans to initiate a $15 billion share buyback program, according to Reuters. TheRedT.com/hd-buyback Attorneys: Lumber Liquidators' $36M Settlement Excludes the Injured Attorneys representing people who say chemicals from Lumber Liquidators flooring made them ill claim a new settlement, valued at $36 million, excludes their clients. TheRedT.com/lumber-settlement 174 Million Consumers Shopped Over 2017 Holiday Weekend More than 174 million Americans shopped in brick-and-mortar stores and online, beating the original estimate of 164 million shoppers. TheRedT.com/holiday-shoppers CANADA Orgill Names New District Manager for Western Canada Orgill Inc. recently promoted Colin Carey to the position of district manager for western Canada. In his new position, Carey will support Orgill customers throughout British Columbia, Alberta, Saskatchewan and Manitoba. "Colin is well-known throughout the industry, has spent almost two decades in management and is passionate about helping retailers find ways to take their operations to the next level," says Erik Schlaud, Orgill's vice president of dealer sales in Canada.

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