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.
Lumber Liquidators hires OSH president as new COO
Hardwood flooring retailer Lumber Liquidators has announced the appointment of Robert Lynch as president and chief operating officer. He will oversee the company’s merchandising, supply chain and store operations, including the respective senior VPs of these areas. Lynch, who starts his new position on Jan. 17, 2011, will report directly to CEO Jeffrey Griffiths.
Lynch most recently served as president and CEO of Orchard Supply Hardware, an 89-unit chain of hardware stores in California. Prior to that, Lynch worked at The Home Depot in various store operations and business development positions. Lynch has also held positions at Accenture Consulting and at Ernst & Young. Lynch began his career with Walmart Stores.
Orchard Supply Hardware has “engaged a national search firm to commence a search for a new president and CEO,” according to a press release issued by the company on Dec. 20. In the interim, Allen Ravas, the former CFO of Sears Canada, has joined Orchard Supply Hardware as chief administrative officer and will also serve on the board of directors.
Based in Toano, Va., Lumber Liquidators operates 215 stores in the United States.