Home Depot Opens Big-Format Store

Home Depot has opened a 211,000-sq.-ft. “superstore” in Anaheim Hills, Calif., which it describes as “almost twice the size of [a] regular Home Depot.” The unit, situated in an affluent area of Orange County, is an existing store that was remodeled. Among the changes are:

• Expanded bath fixture showroom, including a “shower gallery;”
• More kitchen cabinet options;
• Weber grill showroom;
• Year-round outdoor living showroom;
• Expanded appliance showroom with lifestyle vignettes;
• Expanded hard surface flooring and rug selection;
• Expanded decor showroom; and
• Expanded hardware department

(As reported by Home Channel News) Read the article

Lowe’s Lays out Plan to Boost Sales, Eyes Acquisitions

After trailing larger rival Home Depot Inc (HD.N) in same-store sales for 11 straight quarters, Lowe’s is now investing in everything from in-store technology to its online business to win back shoppers from the industry leader.

“We recognized that a lot of our ills aren’t just housing-related or macro-related, just some things we needed to fix ourselves,” Robert Hull, who has served as Lowe’s chief financial officer since March 2003, told Reuters on Tuesday.

(As reported by Reuters.com) Read the article

Inside the “Costco Craze”

Maybe you’ve never pondered what a weird business Costco is, when you’re navigating your boat-like cart toward a gallon tub of mayonnaise in one of its crowded, cavernous warehouses. But CNBC did.

(As reported by SeattlePI.com) Read the article