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Home Improvement

  • Lowe's steps it up in Canada with RONA purchase

    Lowe's is making major moves in Canada with the $2.3 billion purchase of RONA Inc., a Canadian home improvement retailer and distributor.

    Lowe's had previously made an unsolicited bid on the company more than three years ago, but the substantially higher offer this time around was accepted by Rona's board.

  • Here's what will be flying off shelves this Super Bowl week

    Retailers surely expect to move a lot of salty snacks and beer ahead of Super Bowl Weekend, but candles too?

    That’s just one of the more interesting items a new survey reveals as the product categories most impacted by the big game. IRI released data detailing the sales lift of various food, beverage and consumer product categories in the run up to Super Bowl Sunday.

  • Analysis: Why J.C. Penney will win with appliances

    Photo: J.C. Penney launched appliances at 22 stores in three test markets this week, including the inviting presentation shown above at a store in Tampa.

    Large appliances are back at select J.C. Penney stores after a 30 year hiatus and when – not if – the merchandising initiative is rolled out more broadly the contribution to same store sales growth could be huge.

  • Metro Commercial Negotiates Sale of Home Depot Plaza

    Upper Darby, Pa. -- Metro Commercial Real Estate announced that is has negotiated the sale of the 307,000-sq.-ft. Home Depot Plaza in Upper Darby, Pennsylvania.

    The purchaser, a life insurance company, values the long-term nature of the anchor leases, Home Depot and Acme, and the population density of the area.

  • Sears store opens in an Ace Hardware

    So far this year, four Sears Hometown Stores have opened around the country. Of particular interest is the opening in Selma, California -- inside a hardware store.

    On Jan. 28, California Sears Hometown Store opened inside the Nelson Ace Hardware store in Selma.

  • Lumber Liquidators settles with Department of Justice for $13.2 million

    Lumber Liquidators has been handed its penalty by the U.S. Department of Justice over allegations of illegal sourcing, which will amount to $13.2 million in fines and forfeitures.

  • Warm weather costly for Tractor Supply; growth plans intact

    The nation’s largest rural lifestyle retailer had previously warned that warm weather caused weaker-than-expected fourth quarter sales and it quantified the impact on profitability with the release of full financial results on Jan. 27.

  • Home furnishings giant to build its most sustainable store to date

    Ikea Canada is building a 328,000-sq. ft. store Halifax, Nova Scotia, that will feature a special focus on energy efficiency and waste management.

    The store will take roughly 14-16 months to build once ground has been broken in summer 2016. It will be built to operate as the retailer’s most sustainable store in Canada, and include a rooftop solar photovoltaic installation that provides electricity to the store and a geothermal energy generation system to support heating and cooling needs.

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