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Home Depot Set to Launch Rapid Deploy Centers

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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

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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

Circular of the Week

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Orchard Supply Hardware is rolling out a thrifty ad campaign by offering its customers products in dollar themed categories. The campaign titled, “By George, it’s Dollar Days”, is meant to appeal to its economically saving consumers by featuring items ranging from $1 to $15. Along with the dollar campaign rollout, the California based hardware store will be offering 20% to 75% discounts to its big-ticket items such as beach chairs and umbrellas…Read More

Walmart offers free shipping for online holiday purchases

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According to the New York Times, Walmart will be offering free shipping to its online customers. Beginning this week and ending Dec. 20, online shoppers can purchase items with no minimum restrictions on more than 60,000 products. The company will not raise prices to off set the costs involved with its product distribution…Read More

Executives Expect Rise in Store Brands

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A survey recently conducted by Deloitte found both CPG and retail executives in agreement that market share of store brands will increase significantly by 2012 in the United States. The survey titled, “The Battle for Brands in a World of Private Labels”, had 77% of CPG executives and 90% of retail executives concurring the same sentiments…Read More

Lowe’s closes two SoCal stores

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Citing poor sales and bleak economic projections, Lowe’s has closed two stores in Southern California. The two branches, located in Apple Valley and San Bernardino, were particularly susceptible to financial troubles due to recession and to foreclosures in the area…Read More

Revenues, income drop for Builders FirstSource

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Builders FirstSource reported a 4.5% decrease in net income for the third quarter, 2010. Sales were posted at $180.4 million, a significant drop of over $80 million from the previous year. Although sales increased 5.6%, gains were negated due in part to volume and competitive pricing pressure….Read More

Tractor Supply sees third-quarter gains

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Using last year as a parameter, Tractor Supply showed a 45% third quarter increase in net income for sales ending Sept. 15, 2010. Posting $32 million in profits, the company cited animal and pet-related merchandise as a reason for the financial success. As well, nine new stores opened in the quarter compared to 17 the year before…Read More

Rebates and spirits high at Do it Best Fall Market

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Despite the reality that co-op sales were under $2.4 billion (a 2.1% decrease), Do It Best was in high spirits due to its success in securing over a $100.6 million in rebates for its company’s members. The company announced the rebate news at the 2010 “Fall Market” in Fort Wayne, Indianapolis during the co-op’s annual shareholder meeting. Although declines hit direct sales and retail service centers (5.2% and 4.2% respectively), lumber sales jumped up to 7.2%. President and CEO Bob Taylor attributed the company’s large member rebates during a weak economy to upgrades in the company’s logistics and order fill systems…Read More

The Home Depot tackles energy, embraces Habitat

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In a move to show support for nationwide sustainable energy initiatives, Home Dept will be donating up to $1 million to “Habitat for Humanity”. During the month of October, the company will be allocating funds from10% of its sales from products of its Energy Star-qualified appliances. Partnering in 2009 with “Habitat for Humanity”, The Home Depot Foundation continues to contribute to the construction of sustainable buildings…Read More