ATLANTA Home enchancment retailer Home Depot Inc (HD.N) said on Thursday that it plans to close eleven Landscape Supply concept stores later this yr, affecting 380 employees.
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Lowe’s efforts to boost its on-line enterprise come hand in hand with its other margins-driving initiatives reminiscent of offering more personal label goods and installing new inventory management software to assist individual shops maintain higher observe of prices. It can be making structural modifications to grow to be extra competitive on costs at a local stage.
Last week, Suning Appliance announced the launch of a community of super shops to offset gradual growth in its core business in China. The tremendous stores will promote residence home equipment, basic merchandise, books, and each day requirements, a transfer that put it in direct competitors with native operators akin to Sun Art Retail () and Wumart Stores , as well as foreign giants like Walmart (WMT.N) and Carrefour ().