Digital News Digest

June 23, 2017

REPORT: Sears is closing 20 more stores

These closings are in addition to the 245 that were already announced this year. Here's the full list. (Source: Business Insider) read more
June 21, 2017

REPORT: Bob Nardelli's message to retailers

The former chairman and CEO appeared on CNBC to discuss retail complacency, warning against the assumption that one is "un-Amazon-able." (Source: CNBC) read more
June 16, 2017

Report: Home centers told to clean up their lots

In Redding, California, Home Depot and Lowe’s are told their outdoor storage and displays may violate city rules. (Source: Redding Record Searchlight) read more
June 15, 2017

REPORT: Lawyers claim 2x4 doesn't measure up

Everyone knows a 2x4 doesn't measure 2 inches by 4 inches. But that hasn't stoped a lawsuit claiming false advertising. (Source:Cook County Record) read more
June 12, 2017

REPORT: Lowe's suppliers congregate in renovated textile mill

A number of Lowe's suppliers are leasing space inside of a renovated textile mill in Mooresville, North Carolina -- five minutes from corporate headquarters. (Source: Charlotte Business Journal) read more
June 8, 2017

REPORT: Lowe's outsources IT jobs to India

Lowe's is making its third round of job cuts this year, laying off more than 100 information technology workers and outsourcing some of those jobs to India. (Source: Associated Press) read more
June 8, 2017

REPORT: Sears is suing another Craftsman vendor

Though Sears recently resolved a previous issue with a Craftsman supplier, the retailer is now suing another Craftsman tool vendor. (Source: Business Insider) read more
June 6, 2017

REPORT: Sears' supplier snafu is resolved

Last month, Sears filed a lawsuit againts its Craftsman supplier. Now, the conflict has apparently been resolved, but the retailer didn't offer many details. (Source: Business Insider) read more
June 1, 2017

REPORT: PPG gives up on Akzo Nobel

After a drawn-out process of mutiple rejections and raising the stakes on its bid for the Dutch paintmaker, PPG has called off its efforts to acquire the company. (Source: Reuters) read more
May 26, 2017

REPORT: Sherwin-Williams gets antitrust approval for Valspar deal

The FTC required the companies to sell Valspar’s North America Industrial Wood Coatings Business to gain approval. (Source: Reuters) read more
May 24, 2017

REPORT: Stanley Black & Decker eyeing Charlotte-area plant

Nothing's conclusive yet, but Stanley Black & Decker may be looking to build a new domestic manufacturing plant in the Carolinas. (Source: Charlotte Business Journal) read more
May 23, 2017

REPORT: Akzo shareholders head to court

Akzo's chairman has rebuffed mutliple bids by PPG to purchase the company, but a group of shareholders is ordering an investigation into possible mismanagement -- and might vote to ultimately dismiss him. (Source: Reuters) read more
May 22, 2017

REPORT: Analyst unfazed by tariffs

An industry analyst from RBC Capital Markets says the new tariffs on Canadian softwood lumber amount to a “papercut.” (Source: CNBC) read more
May 17, 2017

REPORT: Stanley Black & Decker CEO aims to double revenue in 6 years

Stanley Black & Decker CEO James Loree told investors in a conference call that he plans to double the company's revenue in the next six years. (Source: TheStreet) read more
May 16, 2017

REPORT: Sears loses patent lawsuit to LoggerHead Tools

The retailer (together with Apex Tools) has lost a $6 million patent infringement lawsuit over their production of a tool similar to the Bionic Wrench. (Source: Chicago Business Journal) read more