News

Home Depot springs forward with hiring push

BY HBSDealer Staff

The Home Depot has begun its recruiting process for spring, the company’s busiest selling and hiring season. There are more than 70,000 seasonal positions to fill, the company said. 

"Just as the Christmas rush and holiday hiring ends for many retailers, we begin recruiting for spring seasonal associates to help customers during our busiest selling season," said Tim Crow, executive VP human resources. "And a seasonal job at The Home Depot can often lead to a regular position if you’re passionate about customer service."

About half of the company’s 2011 seasonal hires remained in permanent positions as cashiers, sales associates, lot associates and garden associates.

Home Depot will also begin offering door-buster prices on hundreds of spring products, including live goods and lawn care, outdoor power, eco-friendly gardening products, patio and grills.

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How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
News

Census Bureau says retail sales held steady in December

BY HBSDEALER Staff

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $400.6 billion.

The December figure is up 0.1% from November, and up 6.5% from December 2010.

Total sales for the October through December 2011 period were up 7.0% from the same period a year ago.

In business classification NAICS 444 — building material and garden equipment and supplies dealers — adjusted sales in December were $25.879 billion, up 1.7% from the previous month, and up 1.6% from the same month last year.

The Census Bureau’s report can be found here.

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TSCO update reveals strong fourth quarter

BY HBSDEALER Staff

Tractor Supply offered an early view of its fourth quarter sales performance, which included a 7.6% same store sales gain.

The Brentwood, Tenn.-based farm and ranch retailer plans to release its full fourth quarter 2011 results Feb. 1, but according to CEO Jim Wright, the strong fourth quarter performance merited an update. 

Net sales for the fourth quarter increased 20.1% to $1.24 billion from $1.03 billion in the prior year’s fourth quarter.  The fourth quarter included an extra sales week as part of the Company’s 53-week calendar in 2011, which benefited fourth quarter sales by approximately 6.6%.  Same-store sales increased 7.6% compared to a 13.1% increase in the prior-year period.  The 7.6% increase includes an estimated 110 basis point benefit from one additional comparable sales day in the fourth quarter of 2011 versus last year. 

"These results are reflective of the structural improvements we have made to our business in recent years, including a focus on C.U.E. merchandise, improved inventory management and merchandise allocation and regionalization, all of which have continued to reduce our dependence on weather trends," Wright said. "Sales growth in the fourth quarter of 2011 was driven by continued strong transaction count and a year-over-year increase in average ticket, with added tailwinds from both the 53rd week and inflation."

As of Dec. 31, Tractor Supply operated 1,085 stores in 44 states.

 

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How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?