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Log In / Register | May 24, 2018
Retail

Auto Dealers See Sturdy Profits, Hire a Million Employees

McClean, Va. – Auto sales have seen a strong rise of late amidst a rebounding U.S. economy. Information from various sources show that auto dealership profits and auto dealership employment are up.

Ace Hardware Turns 90

Ace Hardware Corporation celebrated its 90th anniversary this year. Founded in Chicago in 1924 by five independent hardware store owners, Richard Hesse, E.

Ace Hardware Has Best First Quarter Ever; Reshuffles Board

Ace Hardware
An Ace Hardware retail store in South Central Kentucky. photo/bmm

OAK BROOK, Ill. – Ace Hardware Corporation, an international franchising firm that is owned and led by its retail store franchisees, has announced a stellar first quarter in 2014. It also announced several changes to the corporation's board of directors, filled by its franchise owners.

Franchise Hiring Accelerates in Robust June Report

Auto dealers hire the most in June. Photo of NY Honda dealer by ps

ROSELAND, NJ – Hiring among franchised establishments in the United States added 33,350 jobs in June, according to payroll processor ADP.

July 4th Provides Fireworks for Retailers

Fireworks
photo/sniegowski

NEW YORK – The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index rose relative to its prior week by a solid 1.7 percent for the Independence Day Holiday week that ended July 5.

Stocks Soar for Four Car-Part Suppliers; Two Franchised

Four auto parts supply companies showed up on Edgar Investment Management’s top list of stocks that have tripled in the past five years, naming two franchised companies, Advanced Auto Parts and O’Reilly Automotive. LKQ and AutoZone operate under company-owned locations.

Franchisees Claim 7-Eleven Seizing Stores for Bogus Reasons

7-Eleven Arrests of Store OwnersFranchisees in Riverside, California are claiming that 7-Eleven is using “storm trooper interrogation and isolation tactics” to strip them of their 20-year-old store, using bogus charges.

Struggling RadioShack Reports Dismal Quarter

The Shack
"The Shack" written on a Spanish bus recalls when RadioShack in 2009 wanted to change its name. photo/les haines

FORT WORTH – RadioShack Corporation (NYSE:RSH) today reported its first quarter results for its fiscal period that finished May 3, 2014, the end of its first quarter for its 2015 fiscal year. Same store sales were down 14 percent. The company said that drastic drop was driven by traffic declines and poor performance in the mobile phone business.

May Retail Sales Strong

NEW YORK – U.S. chain-store sales posted a strong gain of 4.8 percent for the fiscal month of May on a year-over-year basis, according to a tally of comparable-store sales compiled by the International Council of Shopping Centers (ICSC).