Shoppers patronage Lowe’s home-improvement store on May 20, 2020 in Farmingdale, New York. Bruce Bennett | Getty Images Lowe’s said Wednesday it expects sales to grow by about 22% next year, as its turnaround efforts gain momentum, and it gets a boost from the popularity of home improvement projects during …
Read More »NRF sees holiday sales up 3.6% to 5.2%, in a ‘strong finish’ to 2020
Consumers begin their Black Friday specials shopping as Macys opens their doors at 5pm on Thanksgiving Day on November 28, 2019 in New York. Bryan R. Smith | AFP | Getty Images Retailers could end up having a strong finish to 2020, despite all of the challenges that the coronavirus …
Read More »Home Depot and Lowe’s earnings boosted by pandemic-induced ‘nesting’
When the coronavirus pandemic hit, many Americans not only switched to working remotely and cooking more meals. They began checking off tasks on the “to do list,” from painting walls to replacing old appliances. Home Depot and Lowe’s reported that appetite for home improvement continued in the third quarter, as …
Read More »Lowe’s (LOW) reports Q3 2020 earnings miss
A shopper visits a Lowe’s hardware store in Philadelphia, Pennsylvania, November 4, 2020. Mark Makela | Reuters Lowe’s shares fell Wednesday after the home improvement retailer reported third-quarter earnings and a profit outlook slightly short of estimates, weighed down by higher labor costs and investments in its e-commerce business. Its …
Read More »Home Depot (HD) Q3 2020 earnings
A customer wears a protective mask while unloading purchases off a cart outside a Home Depot Inc. store in Reston, Virginia, on Thursday, May 21, 2020. Andew Harrer | Bloomberg | Getty Images Home Depot is set to report third-quarter earnings on Tuesday before the market opens as the retailer …
Read More »