News Byte

Lowe’s Hardware Remodels Offerings by Acquiring Online Retailer

In order to expand its offerings online, Lowe’s has acquired ATG Stores, a Kirkland, Wash.-based home improvement retailer that operates more than 500 Web sites, ranging from LightingUniverse.com to HandandPowerToolShop.com. Terms of the deal were not disclosed. Lowe’s said the 12-year-old company will continue to maintain separate branding and independent merchandising.

Amazon Recruits Developers for Super-Slick Android Appstore

Amazon today released preliminary plans for its Android Appstore, which will likely do a better job of merchandising and selling apps than Google has. Think of it as the equivalent of iTunes for Android.

Wal-Mart Scales Back DVD Displays

A recent shift in merchandising strategy by the world’s largest retailer spells more trouble for DVD sales and the entertainment industry that depends on them for profits. As part of a larger effort to clean up its aisles and appeal to higher-end shoppers, Wal-Mart Stores Inc. is doing away with display cases to promote the latest hot movie titles.