Content about retail

April 16, 2014

In an interview with the Contra Costa Times, third-generation California retailer Bill Wygal shared some of the keys to the success of his family business. A major ingredient: Family values.

Bill’s Ace has stores in the California cities of Concord, Martinez and Pleasant Hill, and has been in continuous operation since 1948.

Secrets to success, according to the article, include hiring the right people and retaining them -- not easy in the retail business. It’s also critical to maintain a culture of strong customer service.

April 14, 2014

After a rather depressed Friday, stocks sprung up again on Monday following a better-than-expected monthly retail sales report for March.

April 14, 2014

U.S. retail sales increased 1.1% in March, the biggest month-over-month gain since September 2012 and a long-awaited sign of an economic thaw after an especially challenging winter.

According to the U.S. Census Bureau, advance estimates of retail and food services sales for March, adjusted for seasonal variation and holiday and trading-day differences (but not for price changes) were $433.9 billion. This is a 3.8% improvement above March 2013.

Retail trade sales themselves were up 1.1% from February and 3.7% from last year.

April 4, 2014

Former Home Depot executive Troy Rice has joined Office Depot as EVP retail as the office products company continues to build out its senior leadership team in the wake of its merger with OfficeMax.

Rice replaces Juan Guerrero and will report directly to Roland Smith, chairman and CEO of Office Depot.

March 31, 2014

Arlington, Va. -- Three operators of successful and growing lumberyards put their fingers on the pulse of the LBM industry and offered a prognosis for opportunities and challenges.

March 28, 2014

Former Sears executive Stephanie Kaleta has been tapped by Knipex Tools LP to serve as key account sales manager.

Kaleta's new role will involve directing sales and marketing plans for key accounts in the company's retail and industrial channels.

March 27, 2014

Fort Wayne, Ind.-based Do it Best Corp. promoted Rich Lynch to the position of VP marketing.

March 24, 2014

Stine Home & Yard will accept the prestigious Retailer of the Year Award during the 2014 Golden Hammer Awards Ceremony at this year’s National Hardware Show in Las Vegas on May 6.  

March 17, 2014

Chain Store Age celebrates the winners of its 32nd annual Retail Store of the Year design competition, which recognizes the best in retail and restaurant design from around the world, as well as achievements in sustainability and in-store digital innovation.

In addition to the overall Store of the Year, awards were given in 24 individual retail categories. In a nod to the quality of the entries, the judges also awarded honorable mention awards in select categories.

March 13, 2014

Advance estimates of U.S. retail and food services sales came in at $427.2 billion for the month of February, up 0.3% since January and 1.5% since February 2013.

The progress of retail trade sales matched those of the overall figure at 0.3%, with nonstore retailers up 6.3% year-over-year and health and personal care stores up 5.5% since last year.

Building materials and garden equipment and supplies dealers posted the next-strongest year-over-year recovery, with sales improving 3.2% since February 2013 and 0.3% since last month.

March 13, 2014

Williams-Sonoma reported net revenues increased to $1.5 billion in the fourth quarter ended Feb. 2 from $1.4 billion in the prior-year quarter. This year’s fourth quarter had just 13 weeks compared with last year’s fourth quarter, which had 14; excluding the additional week in the prior-year quarter, net revenues grew 10%.

Net earnings totaled $133.8 million, up from $133.7 million in the prior-year fourth quarter.

March 11, 2014

Do it Best Corp. has announced the promotion of John Branigan and Tom Morgan to retail performance managers, effective immediately.

Branigan and Morgan will lead co-op efforts in aiding the growth and enhancement of member stores through retail performance programs developed exclusively for Do it Best Corp. member-owners.

March 11, 2014

Import volume at the nation’s major retail container ports is expected to increase 12.4% in March 2014 as retailers begin to stock up for the spring and the summer season, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.

March 10, 2014

Cologne, Germany -- John Herbert has a front row seat on the global home-improvement retailing scene. The former president of EXPO Design Center West Coast (USA) and the current general secretary of the European DIY-Retail Association, Herbert identified six major changes facing retailers in 2014.

March 4, 2014

It’s not just Tractor Supply that’s riding a wave of growth in the sector for hobby farmers and backyard ranchers.

This is not an article about Tractor Supply.

But let’s face it. You can’t write about the farm-and-ranch retail sector without referring to the Brentwood, Tenn.-based giant either as a competitor or as a role model.

March 4, 2014

Darrell Wabschall is a man on a mission.

The founder and CEO of the Vendor Center, the business-to-business, password-protected Web service, believes that there is a better way to efficiently connect retailer buyers with vendors and their products.

March 3, 2014

Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.”

The letter was released on Thursday, Feb. 27, the same day that the retailer posted its fourth quarter earnings report. Sears lost $1.36 billion last year as sales continued to fall and it closed stores as part of its plan to transform itself into a “member-centric” retailer.

March 3, 2014

The World Floor Covering Association has notified the Occupational Safety and Health Administration of the Association’s objections to new rules that have been proposed for work involving crystalline silica.

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 28, 2014

The Home Depot has named Craig Menear president, U.S. retail, and Mark Holifield EVP supply chain and product development.

"Craig is a world-class retailer and has done a terrific job in recent years leading some of the most important and successful initiatives in our company," said Frank Blake, chairman and CEO. "And Mark has successfully led one of the most extensive supply chain transformations in retail history. Both are very deserving of their new leadership roles, and I look forward to their continuing contributions to our business."

February 28, 2014

Sales to pros are growing faster than sales to consumers at Lowe’s, which recently reported a fourth quarter sales gain of 5.6%.

According to Chief Customer Officer Greg Bridgeford, the Mooresville, N.C.-based retail giant sees an opportunity to capitalize on the pro market.

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.

February 24, 2014

Novi, Mich.-based BrassCraft Manufacturing is launching a new look for its retail line of water and gas plumbing products as it brings all of the line under the BrassCraft label.

Over two years of focused research and customer feedback has been considered in the design of the new packaging which consolidates the company’s line of plumbing supplies under the BrassCraft brand. The new packaging began hitting store shelves in mid-January, with a complete rollout expected by April 2014.

February 19, 2014

Safety Products brand Cordova announced the appointment of Dave Kuehneman to the role of VP sales and marketing for its Consumer Products Division. He will report directly to Himanshu Varma, president and CEO of parent company International Sourcing Company.

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