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May 24, 2022

Home improvement store operators

Lowe’s raises forecast as tight housing market, older homes fuel projects

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CNBC – For more and to sign up click here A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that sales grew 5% and surpassed Wall Street’s......

One key to Home Depot’s growth strategy: Nabbing bigger orders from home professionals

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CNBC – For more and to sign up click here A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot‘s next CEO Ted Decker said he wants home professionals......

Aging homes with higher values could help Home Depot and Lowe’s ring up sales this spring

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CNBC – For more and to sign up click here A customer wears a protective mask while looking at flowers in the garden center of a Home Depot store in Reston, Virginia. Andrew Harrer| Bloomberg | Getty Images Spring has already arrived at some Home Depot and Lowe’s stores, as......

Lowe’s shares fall as sales outlook disappoints, home improvement demand could cool

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CNBC – For more and to sign up click here An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Lowe’s shares fell Wednesday after the company’s sales outlook disappointed investors and raised concerns that the pandemic-fueled boom......

Lowe’s tops estimates as customers invest more in bigger home projects, retailer lifts sales forecast

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CNBC – For more and to sign up click here A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s beat analysts’ expectations for fiscal third-quarter earnings on Wednesday, as......

Home Depot earnings top estimates fueled by 9.8% jump in sales as consumers fix up homes

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CNBC – For more and to sign up click here A customer partially wearing a mask at a store in Reston, Virginia, on Thursday, May 21, 2020. Andrew Harrer | Bloomberg via Getty Images Home Depot on Tuesday reported quarterly earnings and revenue that beat analysts’ revenue as customers spent......

Sales of pregnancy tests are on the rise. That’s good news for retailers like Walmart and Target, Bank of America says

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CNBC – For more and to sign up click here A woman wears a face mask while shopping for a baby shower gift during the Covid-19 pandemic, at Madison’s Niche boutique in Huntington, New York on April 21, 2021. Alejandra Villa Loarca | Newsday | Getty Images A millennial-fueled baby......

Target CEO Brian Cornell quells fears about out-of-stocks this holiday season

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CNBC – For more and to sign up click here Target CEO Brian Cornell is confident the big-box retailer will have plenty of merchandise this holiday season, despite industrywide supply chain complications that have sparked worries that items could quickly sell out of stock. Target’s inventories were up $2.5 billion......

Home Depot says it sold out of an early drop of Halloween decor almost immediately

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CNBC – For more and to sign up click here A Home Depot store is seen in Washington, DC, on August 18, 2020. NICHOLAS KAMM | AFP | Getty Images Home Depot said Tuesday it quickly sold out of an early release of Halloween products, offering a signal that consumers......

Home Depot earnings top estimates as sales grow 8% on shoppers ringing up bigger tickets

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CNBC – For more and to sign up click here Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot on Tuesday beat analysts’ estimates for its fiscal......

Home Depot, Lowe’s amp up focus on home pros, as consumers swap DIY projects for parties, travel

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CNBC – For more and to sign up click here Home Depot has a flatbed distribution center in the Dallas area. It is opening more of the facilities across the country to help fulfill home professionals’ large orders. Melissa Repko, CNBC In a giant warehouse in Dallas, a fleet of......

How bad are global shipping snafus? Home Depot contracted its own container ship as a safeguard

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CNBC – For more and to sign up click here A Home Depot location in Encinitas, California. Mike Blake | Reuters Home Depot is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was......

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