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Labor & Employment

  • Home Depot targets professional customers with $1.6 billion purchase

    Atlanta - The Home Depot Inc. is spending about $1.6 billion in an acquisition squarely aimed at better meeting the needs of its professional customers.

    The retailer is purchasing Jacksonville, Florida-based Interline Brands Inc., a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.

  • NRF: Sales look a little less rosy

    Washington, D.C. - The National Retail Federation (NRF) is now a little less rosy in its sales expectations for 2015. The NRF has lowered its full-year retail sales forecast because of unexpected slow growth recorded during the first half of the year, similar to the industry’s experience in 2014.

    However, NRF still expects sales will steadily increase through the remainder of the year. NRF forecasted in February that retail sales would grow 4.1% in 2015 from 2014, but today’s revision lowers the forecast to 3.5%.

  • Home Depot targets pros with $1.6B acquisition

    The Home Depot Inc. is spending about $1.6 billion in an acquisition squarely aimed at better meeting the needs of its professional customers.

  • Sears Hometown & Outlet gets hometown recognition

    Hoffman Estates, Ill. - Sears Hometown and Outlet Stores Inc. is getting a little love from its hometown. For the third consecutive year, Sears Hometown and Outlet Stores has been recognized as one of “Chicago's Best and Brightest Companies to Work For” by the National Association for Business Resources.

  • Bon-Ton names Hudson’s Bay supply chain exec as new COO

    York, Pa. - The Bon-Ton Stores, Inc. has named William Tracy to the position of COO, effective July 27. Tracy will have responsibility for stores, information systems, supply chain, distribution & logistics, omnichannel strategy, real estate, and HR.

  • Bon-Ton Stores names retail vet as COO

    Bon-Ton Stores has hired a 30-year veteran of the retail industry as its chief operating officer.

    The Bon-Ton Stores Inc. has named William Tracy to the position of COO, effective July 27. Tracy will have responsibility for stores, information systems, supply chain, distribution & logistics, omnichannel strategy, real estate, and HR.

  • Bankrupt A&P receives financing, bids; will close 25 stores

    Montvale, N.J. – So far, chapter 11 bankruptcy appears to be going as planned for The Great Atlantic & Pacific Tea Company (A&P). A&P has received approval for financing from the U.S. Bankruptcy Court of the Southern District of New York, bids for some stores, and will close 25 stores in the near term due to “lack of interest” and ongoing losses.

  • Wolverine Worldwide to close 120 stores as profit dips 8.7%

    Wolverine Worldwide reported profit declines for the second quarter as the retailer shaved the number of stores it plans to close to 120.

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