Lowe’s Tests Drones in Race for Fastest Deliveries
Lowe’s and its larger competitor, Home Depot, keep upping the ante to see which Big Box chain can deliver faster. The giant DIY chain is testing delivery by drone for select products from its store in Matthews, NC, near its headquarters. Teaming up with DoorDash and Wing, the on-demand drone delivery provider supported by Google’s […]
October Means High Point Market
The industry gathers for its annual fall market with some surprising strength on the retail side of the business. Even as the furniture industry continues to struggle with the residual effects of the weak housing market and high mortgage rates, some of the bigger retailers are reporting positive financial results…showing the consumer still wants to […]
Home Depot Announces 3-Hour Delivery Service
The new initiative uses the giant retailer’s more than 2,000 stores as fulfillment hubs for thousands of items. The new service is part of a larger trend that is seeing retailers across the country offer super-fast deliveries from their stores. Some use third-party delivery services like DoorDash or Uber Eats. Depot does not specify how […]
Ace Opens 100th Store This Year on Way to 170 Openings by Year-End
As part of a years-long expansion program, the hardware cooperative expects to be at more than 5,300 in the US by December.
The Lumber Liquidators/Cabinets To Go Deal is Dead
The proposed acquisition of the two brands has been canceled by Neighborhood Intelligence, which previously was called Bed Bath & Beyond.
Retail Construction Remains Steady: CoStar
While activity still trails earlier results, construction ticked up for the second quarter.
Ace Latest Retailer to Get in on AI Assistants for Staff
It’s becoming more prevalent throughout all of retailing, especially in the building sector as Ace rolls out its new program.
Ace Hardware Sued for Data Practices
A proposed class-action lawsuit accuses the big retail co-op of using its system for fixing prices.
Ace Hardware Outperformance Encouraging for Building Trades
Record revenues for its fourth quarter and full year provide positive signs for the business going forward. The big national hardware cooperative reported consolidated revenues rose 9.9 percent to $2.5 billion for the three months ending Jan. 3. Total wholesale revenues were $2.3 billion, an increase of 10.0 percent compared to the prior year fourth […]
Ace Hardware Will Open 175 Stores This Year
The big hardware chain has already opened 100 new locations this year, part of its nationwide expansion effort. The chain is now up to almost 5,200 retail stores around the country with these latest openings, and more are on the way. With more than 8,700 locally owned and operated stores globally, Ace Hardware says it […]