Lowe’s shakes up in-store staffing
Mooresville, N.C.-based Lowe’s is making a big shift in its in-store work force, favoring part-timers over middle managers.
The move will cut about 1,700 middle management jobs in the stores, but will lead to an additional 8,000 to 10,000 part-time workers, according to Chris Ahearn, Lowe’s VP public relations. The shakeup is expected to take effect Jan. 29.
In an e-mail to Home Channel News, Ahearn explained: "We converted the existing structure, which had an operations manager, zone manager, administrative manager [and] sales manager, to a structure with a store manager and assistant managers, all of whom have responsibility for sales and service in the store."
The move is described by the company as a broad change in staffing to better serve customers over the busy shopping periods, such as the weekends.
Planogram provider HRG passes muster at HD
Category management service provider Hamacher Resource Group, announced today that it has been certified to develop compliant planograms for suppliers of The Home Depot.
Waukesha, Wis.-based HRG is one of six companies certified to develop planograms for suppliers using JDA Space Planning software. The move comes after HRG described as "a rigorous certification process required by The Home Depot."
Sherwin-Williams sales up 18% for Q4
Cleveland-based Sherwin-Williams reported fourth-quarter net income of $72.9 million, up 11.6% from $65.3 million reported for the same period last year.
Sales for the quarter ended Dec. 31 were $1.89 billion, up 18.8% from $1.59 billion reported for the same period in 2009.
For the full year, the company reported net income of $462.4 million, up 6.1% from $435.8 million for fiscal year 2009.
Sales for 2010 totaled $7.77 billion, up 9.5% from $ 7.09 billion reported last year.
“We are pleased that all of our operating segments achieved sales and operating profit growth on a year-over-year basis in this continuing uncertain environment,” said Christopher Connor, chairman and CEO. “Our operating segments continue to control costs and have implemented price increases to offset the current raw material increases.
Comp-store sales increased 8.6% in the quarter and 3.8% for the full year.
By segment, net sales in the Paint Stores Group increased 8.6% to $999.3 million in the quarter and increased 4.1% to $4.38 billion in the year, due primarily to selling price increases and improving domestic paint sales to residential repaint contractors and DIY customers.
Consumer Group net sales increased 6.2% to $255.0 million in the quarter and 5.9% to $1.30 billion in the year, due primarily to improving demand at some of the segment’s retail, industrial and institutional customers.
The Global Finishes Group’s net sales increased 46.4% to $640.1 million in the quarter, due primarily to acquisitions, higher paint sales volume and selling price increases.
Looking forward, Conner said the company anticipates net sales to increase in the mid to high teens for the first quarter of 2011, with full-year net sales to increase by a high single-digit percentage.