Content about Home Stores

April 17, 2014

Lowe's Home Centers has agreed to pay a $500,000 civil penalty for violating federal rules governing lead paint exposure, the Environmental Protection Agency said on Thursday.

Washington, D.C. -- Lowe's Home Centers has agreed to pay a $500,000 civil penalty for violating federal rules governing lead paint exposure, the Environmental Protection Agency said on Thursday.  

The chain will also implement a comprehensive, corporate-wide compliance program at its over 1,700 stores nationwide to ensure that the contractors it hires to perform work minimize lead dust from home renovation activities, as required by the federal Lead Renovation, Repair, and Painting (RRP) Rule.

April 15, 2014

Sears Holdings has named Arun Arora pany as senior VP and president, Home Services.

Hoffman Estates, Ill. -- Sears Holdings has named Arun Arora pany as senior VP and president, Home Services. In his new role with the company, Arora will be accountable for all aspects of the company's Home Services business, including in-home repair services, service contracts, carry-in repair, Sears home improvement services, parts direct, commercial sales (all Sears Holdings product categories) and Sears franchise businesses.

April 10, 2014

Bed, Bath & Beyond met Wall Street expectations with falling net earnings during the fourth quarter of fiscal 2013.

Union, N.J. – Bed, Bath & Beyond met Wall Street expectations with falling net earnings during the fourth quarter of fiscal 2013. Compared to the same period a year earlier, net earnings dropped 11% to $333.3 million, from $373.87 million.

Net sales fell 6% to $3.2 billion, from $3.4 billion. In one bright spot, same-store sales rose 1.7%. Bed, Bath & Beyond attributed some of its net earnings decline to disruptive weather in the fourth quarter.

April 10, 2014

Snowstorms that affected as many as two-thirds of the selling days in the fourth quarter of fiscal 2014 in some key markets dampened financial performance at Pier 1 Imports Inc.

Fort Worth, Texas – Snowstorms that affected as many as two-thirds of the selling days in the fourth quarter of fiscal 2014 in some key markets dampened financial performance at Pier 1 Imports Inc.

Compared to the same period the prior year, net income fell 31% to $42.6 million from $61.7 million. Total sales fell 6% to $515.8 million from $551.6 million and same-store sales dropped 4.6%.

April 8, 2014

The U.S. Environmental Protection Agency (EPA) has named The Home Depot as a 2014 Energy Star Partner of the Year – Sustained Excellence for its outstanding contribution to reducing greenhouse gas emissions through promotion of energy-efficient products.

Atlanta -- The U.S. Environmental Protection Agency (EPA) has named The Home Depot as a 2014 Energy Star Partner of the Year – Sustained Excellence for its outstanding contribution to reducing greenhouse gas emissions through promotion of energy-efficient products. The Home Depot, an Energy Star partner since 2001, will be honored for its leadership in its long-term commitment to energy efficiency through promotion of energy-efficient products that earn the Energy Star, the government-backed symbol of energy efficiency.

April 3, 2014

The Home Depot's fifth annual Spring Black Friday starts April 3.

Atlanta – The Home Depot's fifth annual Spring Black Friday starts April 3. For the next 11 days, prices on hundreds of spring products will be significantly reduced, including a variety of live goods, soils, mulches and lawn care supplies; outdoor power tools; gardening products; patios and grills.

"This spring and every season, The Home Depot aims to bring the latest tools to market to make the to-do list easier and simpler," said Dana Hudson, The Home Depot senior merchant.

 

April 2, 2014

French home improvement retailer Leroy Merlin, a banner of Adeo Group, will install Pricer's electronic shelf label (ESL) system in all of its 121 stores by the end of 2015.

Lille, France – French home improvement retailer Leroy Merlin, a banner of Adeo Group, will install Pricer's electronic shelf label (ESL) system in all of its 121 stores by the end of 2015. Thirty -five store installations are planned for 2014 and the remainder during 2015.

The project value is estimated at more than $20 million. Leroy Merlin will roll out a mix of Pricer's economical segment-based ESLs along with featured graphic E-Paper-based labels throughout its stores.

April 1, 2014

Lumber Liquidators is expanding its board of directors from eight to nine members with the appointment of Nancy M. Taylor as a Class III director effective April 1.

Toano, Va. -- Lumber Liquidators is expanding its board of directors from eight to nine members with the appointment of Nancy M. Taylor as a Class III director effective April 1. Taylor currently serves as the president and CEO of Tredegar Corp., serving in such roles since January 2010, and is a member of Tredegar's board of directors.

April 1, 2014

With consumer confidence and the real estate market on the rise, many homeowners are ready to begin home remodeling or maintenance projects.

Atlanta - With consumer confidence and the real estate market on the rise, many homeowners are ready to begin home remodeling or maintenance projects. According to an online survey conducted on behalf of SunTrust Banks Inc. by Harris Poll, 56% of homeowners plan to spend money on home improvement projects this year.

March 28, 2014

Sears Hometown and Outlet Stores Inc. opens a new store in Webster, Texas, on March 28. Each Sears Outlet Store, on average, offers shoppers more than 18,000-sq.-ft. of retail space.

Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. opens a new store in Webster, Texas, on March 28. Each Sears Outlet Store, on average, offers shoppers more than 18,000-sq.-ft. of retail space.

March 28, 2014

Restoration Hardware Holdings Inc. (RH) swung to a profit in the fourth quarter of fiscal 2013 amid ongoing sales growth.

Cortre Madera, Calif. – Restoration Hardware Holdings Inc. (RH) swung to a profit in the fourth quarter of fiscal 2013 amid ongoing sales growth. The retailer posted net earnings of $26.64 million, compared to a net loss of $28.36 in the year-ago period.

Net revenues grew 18.5% to $471.69 million, from $398.05 million. Same-store sales grew 17%.

March 27, 2014

Manhattan Associates announced that Floor & Decor, a leading specialty retailer in the hard surface flooring market, has selected Manhattan Associates' transportation management system (TMS) and warehouse management System (WMS) solutions to unify its distribution systems under a robust platform that will support the company's growth.

Atlanta -- Manhattan Associates announced that Floor & Decor, a leading specialty retailer in the hard surface flooring market, has selected Manhattan Associates' transportation management system (TMS) and warehouse management System (WMS) solutions to unify its distribution systems under a robust platform that will support the company's growth. Manhattan's solutions will enable the company to gain more visibility across all networks and automate distribution processes.

March 26, 2014

Furniture and home décor retailer Z Gallerie has deployed Oracle Commerce to improve conversion and basket size.

Boston -- Furniture and home décor retailer Z Gallerie has deployed Oracle Commerce to  improve conversion and basket size.

In August 2013, Z Gallerie went live with Oracle Commerce, resulting in more relevant content, improved navigation and better ease-of-use regardless of the device customers use to access the site. The full implementation was completed quickly and sales from on-site search have dramatically increased.

March 20, 2014

Lowe’s is partnering with lawn product provider Scotts and digital agency HelloWorld to run an online promotion tied to the NCAA “March Madness” college basketball tournament.

North Wilkesboro, N.C. – Lowe’s is partnering with lawn product provider Scotts and digital agency HelloWorld to run an online promotion tied to the NCAA “March Madness” college basketball tournament. By utilizing the rich engagement platform of HelloWorld, participants fill out a form to register and select who they think the final four teams in the tournament will be.

March 18, 2014

Accellos, Inc. is launching a new website dedicated toward the unique needs of home goods retailers located at Profitsystems.com.

Colorado Springs, Colo. - Accellos, Inc. is launching a new website dedicated toward the unique needs of home goods retailers located at Profitsystems.com. Profitsystems, recently acquired by Accellos in November 2013 and based out of Colorado Springs, Colo., a retail inventory and point of sale system software provider for home goods retailers.

March 14, 2014

Sears Hometown and Outlet Stores Inc. reported preliminary declines in net income, net sales and same-store sales for the fourth quarter of fiscal 2013.

Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. reported preliminary declines in net income, net sales and same-store sales for the fourth quarter of fiscal 2013. Compared to the same quarter a year earlier, Sears Hometown reported net income of $3.72 million, down 61% from $9.66 million.

March 13, 2014

Williams-Sonoma reported a better-than-expected profit of $133.8 million in the fourth quarter, up slightly from $133.7 million in the year-ago period

San Francisco -- Williams-Sonoma reported a better-than-expected profit of $133.8 million in the fourth quarter, up slightly from $133.7 million in the year-ago period. The company also announced it is lifting its dividend 2 cents, or 6%, to 33 cents a share.

March 12, 2014

Sherwin-Williams is launching an online Spanish-language platform, SWLatino.com, focusing on Hispanic homeowners, contractors and designers.

Cleveland - Sherwin-Williams is launching an online Spanish-language platform, SWLatino.com, focusing on Hispanic homeowners, contractors and designers. Sherwin-Williams will feature tips, how-to articles and color information from leading Hispanic bloggers and Sherwin-Williams color experts.

The new site, integrated with Sherwin-Williams Facebook and Twitter accounts, will connect Latino paint and color professionals, homeowners and designers with Spanish-language content.

March 11, 2014

Visual IQ, a cross-channel marketing attribution software provider, announced that it has been selected as the exclusive marketing attribution provider for Crate and Barrel.

Needham, Mass. – Visual IQ, a cross-channel marketing attribution software provider, announced that it has been selected as the exclusive marketing attribution provider for Crate and Barrel. The brand will deploy the company’s IQ Intelligence Suite to measure and optimize marketing spend across its myriad of online and offline marketing channels.
 

March 10, 2014

Bed Bath & Beyond Inc. has provided preliminary information on its fiscal fourth quarter 2013, including the impact of adverse weather conditions during the period.

Union, N.J. -- Bed Bath & Beyond Inc. has provided preliminary information on its fiscal fourth quarter 2013, including the impact of adverse weather conditions during the period. The company's same-store sales for the fiscal fourth quarter increased by approximately 1.7% as compared with its previous model of an increase of approximately 2% to 4%.

March 7, 2014

The Tile Shop has expanded its presence into New Mexico with the opening of its Albuquerque store.

Minneapolis - The Tile Shop has expanded its presence into New Mexico with the opening of its Albuquerque store. The Tile Shop’s new 22,000-sq.-ft. Albuquerque location features fully decorated, room-size displays — kitchens, baths, and other spaces within a home, as well as premium lighting and plumbing fixtures that allow homeowners to see what their Tile Shop tile and stone will look like installed in their home.

March 7, 2014

Wayfair has raised $157 million in equity financing to fuel continued growth of the company's portfolio of home brands.

Boston – Wayfair has raised $157 million in equity financing to fuel continued growth of the company's portfolio of home brands. The Series B investment round, led by funds and accounts managed by T. Rowe Price Associates Inc., encompassed a limited number of key investors, including growth-focused mutual funds, as well as a private investment from Julie M.B. Bradley, TripAdvisor CFO and Wayfair board member.

March 4, 2014

Lowe's Companies Inc. has named Michael A. Jones has been named the company's chief customer officer, effective April 30.

Mooresville, N.C. -- Lowe's Companies Inc. has named Michael A. Jones has been named the company's chief customer officer, effective April 30. Jones currently serves as Lowe's chief merchandising officer, overseeing the full merchandise offering for all Lowe's U.S. stores and Lowes.com, as well as all global sourcing activities.

February 28, 2014

The Home Depot has named Craig Menear president, U.S. retail, effective immediately.

Atlanta - The Home Depot has named Craig Menear president, U.S. retail, effective immediately. Menear was previously executive VP, merchandising, responsible for all merchandising departments and merchandising services and strategy; the company's supply chain network; global sourcing; vendor management; marketing; and online sales.

February 28, 2014

Pier I reduced its fourth quarter and fiscal 2014 profit forecasts, blaming the negative impact of severe winter weather.

Forth Worth, Texas -- Pier I reduced its fourth quarter and fiscal 2014 profit forecasts, blaming the negative impact of severe winter weather. The home furnishings chain is the latest in a series of retailers to credit the extremely cold weather as the main reason for its reduced outlook.