Retail Roundup—Home Depot's $5.4B safety net; Walmart undergoes name change

Home Depot associate
Home Depot spending money to prepare itself should the economy take a downturn.

Home Depot to spend $5.4B as safety net

In anticipation of another financial slowdown, Home Depot is investing in improving stores, e-commerce and worker training. The retailer, with comparable sales above 6% every quarter for the last five years, plans to invest $5.4 billion in anticipation that its positive growth might eventually slow. Fortune

Walmart undergoes name change

Walmart is dropping the hyphen and the "stores" from its name in an effort to reflect the company's emphasis on e-commerce. The idea, according to CEO Doug McMillion, is to create consistency throughout the brand, online and offline. USA Today

Athleta, Lululemon, Nordstrom top customer experience

Athleta, Lululemon and Nordstrom join the likes of Disney and Lego as providers of the best experiences for their core customers. According to Reputation.com, these brands won for categories including value, service, cleanliness, wait time, convenience, interactions with store managers, competence, parking and product availability. MediaPost

Adore Me launches more affordable collection

Luxury online retailer Adore Me unveils a new line of affordable intimates. The company has has seen exponential year-on-year growth and is now looking to blur the lines between luxury and fast fashion. PR Newswire

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