Strong gains in home remodeling and repair activity are expected to ease moving into next year, according to the Leading Indicator of Remodeling Activity(LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Instacart, a retail delivery service, has partnered with Sur La Table to allow customers to shop for housewares from their phones or laptops and have their orders delivered to their door, often in as little as an hour, according to the company.
Office Depot has closed on the sale of its business in South Korea to Excelsior Capital Asia.
Williams Sonoma is collaborating with singing star and cookbook author Trisha Yearwood on a new food line that will be sold exclusively by the housewares specialty store.
For the 14-week fourth quarter, as its ongoing merger attempt with Walgreens Boots continued, Rite Aid posted a company net loss of $21.1 million, or two cents per diluted share, versus company net earnings of $65.6 million, or six cents per diluted share, in the 13-week period a year earlier.
At the recent ShopTalk trade show, Marc Lore, president and CEO of Walmart’s U.S. e-commerce division, revealed that Walmart would begin an innovation and technology development project funded by but separate from its other operations, adding that it would bring on its first partner in the initiative shortly.