Mills Fleet Farm has appointed Derick Prelle as president and chief executive officer, succeeding Wayne Sales, who has been serving as interim CEO since January.
True Value pointed to unfavorable weather as a key factor for a sales decline in its first quarter.
Lowe’s first quarter sales were up double-digits, but the home improvement retailer reported declines in net earnings and earnings per share.
Ace Hardware reported an increase in net income and a dip in comparable store sales during the first quarter.
Lowe’s Companies is expanding its professional services business with the acquisition of Maintenance Supply Headquarters, a distributor of maintenance, repair and operations products to the multifamily housing industry.
Home Depot remained a bright spot in the retail sector in the first quarter, building strong comps, sales and earnings.
Ace Hardware Corporation is restructuring its east coast retail support network in anticipation of continued growth.
More retailers, ranging from Wayfair to Williams-Sonoma, have been establishing augmented and virtual reality initiatives and Lowe’s has joined them with the launch of its Lowe’s Vision: In-Store Navigation app.
Lowe’s has introduced its Holoroom How To, an on-demand virtual reality skills clinic and the latest version of its immersive design and visualization tool, the Innovation Labs’ Holoroom experience.