Like most buildings and structures in the Philippines city of Tacloban, the mall housing Handyman’s -- a Do it Best Corp. member -- suffered significant damage from Typhoon Haiyan in November.
The mall’s roof was partially ripped away and its windows completely destroyed, allowing mud and rain to pour into the shopping center. To make matters worse, the city of Tacloban is still without power, making any efforts to clean up and re-open very difficult. Officials there expect it to take up to six months for the store to re-open in full.
Sears Hometown and Outlet Stores reported mostly negative financial results for the third quarter of fiscal 2013. Net earnings fell about 12% to $7.69 million, from $8.76 million.
A 2% decrease in same-store sales and unfavorable calendar shift due to the 53rd week in fiscal 2012 offset slight growth in net sales to $561.1 million from $556.9 million.
Empire Level updated its iconic professional torpedo level to include three rare-earth magnets and a dual variable-pitch reading True Blue vial.
The product redesign comes after months of intensive panel and field research and will be released exclusively to the Specialty Tools and Fasteners Distributors Association (STAFDA) retail channel on Jan. 1, 2014.
Residential Building Products and Technology, the digital sister publication of HCN, was honored during a prestigious awards ceremony in New York City yesterday.
In a not-so-unexpected move, Sears Holdings Corp. on Friday said it had filed to spin off its Lands' End unit.
Sears has been selling or spinning off assets during the past few years as it struggles to turn around its business. The company sold its Orchard Supply Hardware Stores and its Sears Hometown and Outlet Stores businesses last year. In October, Sears said it would consider strategic alternatives for its line of auto centers. Sears also is selling some store leases in Canada.
The unemployment rate declined from 7.3% in October to 7.0% in November, according to the Employment Situation report from the Bureau of Labor Statistics released Friday morning.
Total nonfarm payroll employment rose by 203,000 with increases in transportation and warehousing, health care and manufacturing, according to the report.
Still, the labor force participation rate remained relatively steady at 63.0% in November.
At Thursday’s close, the 30 stocks tracked by HCN were generally down for the day. SHLD (down 1.85%) and USG (down 1.76%) paced the decliners.
Robert Adler was named acting chairman of the U.S. Consumer Product Safety Commission to fill a position vacated by former chairman Inez Tenenbaum.
Adler joined the CPSC, an agency that exerts tremendous influence over the consumer packaged goods and retail industries, in 2009 when he was appointed by president Barack Obama. Prior to his appointment Adler served on the Obama Transition Team and and co-authored a report on the CPSC for the administration.
New Ways Pro Dealers Can Use Trade Credit to Grow
(Part 1 of a Digital Series)