Entries by tashman

Construction Industry Employment Rate Continues to Rise

December 7, 2010 in /by

The construction industry unemployment rate is now at 18.8%, double than that of the national average. According to the Associated General Contractors of America, a new analysis of federal employment data documents 2.1 million jobs lost since the sector peaked in August 2006. Despite the bleak outlook, heavy and civil engineering construction has seen an increase in employment due to the federal stimulus package’s initiative to fund programs for military bases and Gulf Coast hurricane-prevention projects…Read More

Home Depot Leans Into the Holidays

December 7, 2010 in , /by

Home Depot has streamlined its product inventory by introducing new merchandise for the holiday season. The directive is creating a leaner strategy in the execution of the company’s portfolio. Among the products available are heaters, environmentally friendly flush toilets and lightweight drywall. "We leaned into the holiday season and increased our buys," said Craig Menear, executive VP of merchandising… Read More

Home Depot Set to Launch Rapid Deploy Centers

December 7, 2010 in , /by

Home Depot is primed to launch its Rapid Deployment Centers across the country. At 450 feet per minute, automated huge conveyor belts sort out the company’s products in a mechanized system that nudges anything from shoes to various other specialized goods into their respective proper chutes for distribution. The center is just one of 19 RDC’s that will be transforming the way the company supplies merchandise to its customers. All these facilities will be up and running by the end of fiscal 2010… Read More

ProBuild Holdings to Shut Down 20 Locations

December 7, 2010 in /by

The largest LBM chain, ProBuild Holdings, will be shutting down 20 locations in various parts of the country by the end of the year. According to Carolyn Atkinson, director of marketing, several markets do not require multiple locations where customer demands are already being met. The company has yet to announce which locations will be closing… Read More

2 Day Overview – Provided by Dimisi LLC

December 2, 2010 in /by

JPMorgan Weekend follow-through solid again in 2010. On Friday morning traffic appeared flat to up modestly, on average. Impressed by the solid follow-through to later in the day Friday and for most of the day Saturday. Customers adding more items to their baskets this year including e-readers and apparel. Black November. There are three considerations […]

Staples reports 3Q income growth

November 24, 2010 in , /by

Staples posted $6.5 billion in company sales for the 3rd quarter 2010, a slight increase from the previous year. Ron Sargent, chairman and CEO, pointed out the company’s improvement on both the North American an International front due to its solid execution of long-term growth investment.

Sears Holdings third quarter disappoints

November 24, 2010 in , /by

Sears Holdings sales dropped for a second consecutive year finishing the third quarter at a net loss of $218 million. Bruce Johnson, interim chief executive officer and president, cited lower sales of apparel and appliances as the main reason for the company’s revenue slide.