In Australia, Lowe’s venture acquires five stores
Danks, the hardware wholesaler that Lowe’s and Woolworths took over last year, acquired Canberra, Australia-based Magnet Mart.
The five Magnet Mart stores, which are located in Australian Capital Territory and New South Wales, will be operated by Danks as company-owned stores and will retain their name.
Home Depot tests downsized kitchen showrooms
Home Depot is tinkering with the idea of cutting back the space dedicated to kitchen showrooms. "We’re piloting the removal of up to 40% of the space dedicated to kitchen showrooms," said Craig Menear, Home Depot’s EVP merchandising, during the company’s recent investor and analyst conference.
The reason, according to Menear: The kitchen industry is down about 50% from three years ago. A typical Home Depot store has about 1,500 sq. ft. devoted to showrooms and kitchens. The plan would be to use the space more efficiently, including introducing more space for assembled cabinets, and increased emphasis on refacing programs, he said.
"Reducing our kitchen space and showrooms allows us to make better utilization and productivity of that space," Menear added.
After decades, shoplifter finally pays
The Accounts Receivable department of Central Contractors Supply in Johnstown, Pa., received $45 from a man who claimed he stole a hammer, 25 or 30 years ago, according to an article in the Tribune Democrat.
The cash arrived in the mail, stuffed in a plain white envelope, with a handwritten note that said:
“To Whom It May Concern,
Many years ago, 25-30?, I stole a hammer from this place of business. I knew it was wrong, but I did it anyway.
Enclosed is $45 to cover the hammer plus a little extra for interest.
I’m sorry I stole it but have changed my ways.
Hope God will forgive me for all the terrible things I have done in my life. This just being a small part.”
The note was unsigned.
Company president Lynne Gramling donated the money to the Salvation Army, according to the newspaper.