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jerryking : home-improvement   12

Lowe’s to close 27 stores in Canada as housing markets slow - The Globe and Mail
MARINA STRAUSS
NICOLAS VAN PRAET QUEBEC BUSINESS REPORTER
TORONTO AND MONTREAL
PUBLISHED NOVEMBER 5, 2018

Lowe’s Cos. Inc. is shutting 27 stores in Canada, mostly under the Rona banner, as well as offices and plants as the U.S. home-improvement retailer grapples with an overcrowded market and a cooling housing sector......In an increasingly tight home-improvement retail landscape, Lowe’s faces tougher competition from incumbents and emerging e-commerce players such as Amazon.com Inc. as well as reduced home sales.......While the home-improvement industry has enjoyed sales lifts over past years, that growth is moderating as the housing market loses steam, Mr. McLarney said. Many young consumers cannot afford to buy homes, while baby boomers are downsizing, resulting in fewer purchases for home improvements, industry observers say.

Home-improvement retail sales climbed 5 per cent last year to $48.2-billion, but are expected to pick up by only about 4 per cent in each of 2018 and 2019, according to Hardlines......Alex Arifuzzaman, founder of retail real estate adviser InterStratics Consultants, said consumers increasingly can buy many of the items home-improvement stores carry more conveniently online. At the same time, more people are moving into condominiums that don’t need as many renovations or repairs. “The profit model in the future is going to be different," he said.

Lowe’s said on Monday that of the 27 under-performing stores in Canada it will close by the end of January, nine are in each of Quebec and Ontario, while six are in Newfoundland and Labrador, two are in Alberta and one is in British Columbia.
Amazon  home-center_industry  home-improvement  Lowes  Marina_Strauss  Quebec  retailers  Rona  store_closings 
november 2018 by jerryking
The Retailers That Can Resist the Amazon Onslaught
AUG. 28, 2017 | The New York Times | By JENNIFER SABA.

The Amazon vortex won’t suck in everyone. That’s the verdict of investors in the retail sector.

Among potential competitors to the e-commerce juggernaut founded by Jeff Bezos, some – including Ross Stores, Home Depot and AutoZone – may have the wherewithal to withstand Amazon. The market is conferring on them valuations commensurate with, or better than, the one accorded to Amazon.........The auto-parts chain AutoZone may represent another retail slice that is somewhat resistant to Amazon. The $19 billion company trades at 1.5 times 2020 sales, a recognition that it has created a supply chain that minimizes inventory without crimping a timely ability to fulfill customer orders.

Even in apparel, there are bright spots. At 1.4 times projected 2020 sales, Ross Stores, which sells reasonably priced clothing through more than 1,500 outlets, fetches an enterprise valuation close to Amazon’s. TJX Companies, operator of TJ Maxx and Marshalls, lingers at 1.1 times sales. That’s below Amazon but well above peers like Macy’s and Kohl’s. Bargain hunting may offer some respite from online price choppers...........Once he is done crushing the grocery business, Mr. Bezos may seriously set Amazon’s sights on car parts, cheap clothes and home-improvement accessories. For now, though, the market is betting on a few pockets of calm.
retailers  bargain_hunting  e-commerce  Whole_Foods  competitive_landscape  apparel  Home_Depot  AutoZone  valuations  Amazon  home-improvement  contra-Amazon 
august 2017 by jerryking
How young entrepreneur saw a need and turned it into a $10-million firm - The Globe and Mail
SHELLEY WHITE
Special to The Globe and Mail
Published Tuesday, May 10, 2016

asked QuickContractors to be a secondary resource for installation, delivery and assembly to customers in some of the more challenging geographic areas of Canada. Mr. Bouchard says the opportunity convinced him that his company needed to be the “master contractor” in the equation, controlling the entire life cycle of a job. A new business model was born. “The idea was that we would get the revenue from the Bay and then pay the contractor on the other end to execute the work,” he says. “That’s how we evolved from being an online directory to being a national installation company for major retailers.”
e-commerce  retailers  Home_Depot  Lowe's  nationwide  business_models  Canadian_Tire  delivery  installation  assembly  start_ups  entrepreneur  home_renovations  home_appliances  home-center_industry  home-improvement  QuickContractors  HBC  contractors 
june 2016 by jerryking
Amazon Offers Help Finding Local Handymen - WSJ
By DOUGLAS MACMILLAN and GREG BENSINGER
Nov. 24, 2014

The e-commerce giant has introduced a service in three cities aimed at connecting customers to local service providers like plumbers and electricians, according a person briefed on the plan.

Amazon shoppers in New York, Los Angeles and Seattle would see the offers after purchasing items like a car stereo or air conditioner that may require installation, the person said.

The listings service, known as Amazon Local Services, is part of a broader Amazon effort to compete with brick-and-mortar stores, which still account for more than 90% of retail sales. Similarly, Amazon is trying several initiatives to speed deliveries, and released a credit-card reader earlier this year.

But the listings service will face hurdles. It can take years to build a stable of service providers. Moreover, Amazon is entering a crowded market with established players such as Yelp Inc., Angie’s List Inc. and Craigslist, as well as startups like Thumbtack. Groupon Inc. recently rolled out a listings service through which it will eventually offer daily deals.
Amazon  contractors  home-improvement  home_renovations  home-center_industry 
january 2015 by jerryking
Open Data a Boon for Entrepreneurs - WSJ.com
Jan. 8, 2014 | WSJ | By Angus Loten.

A poster child for the movement might be 34-year-old Matt Ehrlichman of Seattle, who last year built an online business in part using Seattle work permits, professional licenses and other home-construction information gathered up by the city's Department of Planning and Development.

While his website is free, his business, called Porch.com, has more than 80 employees and charges a $35 monthly fee to industry professionals who want to boost the visibility of their projects on the site.

The site gathers raw public data—such as addresses for homes under renovation, what they are doing, who is doing the work and how much they are charging—and combines it with photos and other information from industry professionals and homeowners. It then creates a searchable database for users to compare ideas and costs for projects near their own neighborhood.

Mr. Ehrlichman raised $6.25 million from angel investors in October 2012, and expects to hire nearly 80 more workers by the end of 2014, as he continues to expand the online service nationally.
open_data  entrepreneur  entrepreneurship  home_renovations  Seattle  home-center_industry  home-improvement 
january 2014 by jerryking
Merchant Princes -
01.20.03 | Forbes.com | Bruce Upbin.

War has broken out over your home-improvement dollar, and Lowe's has superpower Home Depot (nyse: HD - news - people ) on the defensive. Its not-so-secret ploy: Lure women, because they'll drag their Tim Allen tool-guy husbands behind them. Home Depot is still very much a guy's chain. But women, according to Lowe's research, initiate 80% of all home-improvement purchase decisions, especially the big-ticket orders like kitchen cabinets, flooring and bathrooms. "We focused on a customer nobody in home improvement has focused on. Don't get me wrong, but women are far more discriminating than men," says Tillman, 59, a Lowe's lifer who rose to chief executive in 1996.
home-improvement  Lowes  Home_Depot  big-box  women  purchase_decisions 
december 2013 by jerryking
Shift in Customer Base Transforms Seigle's - WSJ.com
May 6, 2003 | WSJ | By JEFF BAILEY | Staff Reporter of THE WALL STREET JOURNAL.
Shift in Customer Base Transforms Seigle's
Retailer Returns to Roots as Supplier And Finds the Ground Has Changed
family-owned_businesses  retailers  Home_Depot  Lowe's  shifting_tastes  home-center_industry  consolidation  home-improvement 
may 2012 by jerryking
globeadvisor.com: Canadian Tire waves the flag in new campaign
March 17, 2011
Retailer aiming to distinguish itself from U.S. archrivals Home Depot and Wal-Mart

MARINA STRAUSS
Marina_Strauss  retailers  Wal-Mart  Home_Depot  Canadian_Tire  home-improvement 
april 2011 by jerryking
Retailers Emphasize Top-Line Growth - WSJ.com
APRIL 19, 2010 | Wall Street Journal | By RACHEL DODES And
DANA MATTIOLI. "In a bid to boost sales as consumers cautiously reopen
their wallets, some retailers are putting more emphasis on top-line
growth in employees' incentive pay and training programs."
incentives  J.C._Penney  Macy's  Home_Depot  home-improvement  training_programs 
may 2010 by jerryking
WSJ.com - Home Depot, Seeking Growth, Knocks on Contractors' Doors
August 7, 2006 WSJ article by Chad Terhune.

Looks at operations under Bob Nardelli.
home-center_industry  Home_Depot  B2B  growth  contractors  home-improvement 
march 2009 by jerryking

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