Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here. Business Insider Inelligence Virtual reality (VR) offers immersive experiences in which users can hear, see, and interact with 360-degree digital environments using […]
Joe Raedle / Getty Images Home Depot and Lowe’s may be facing a decline in the home-improvement boom that has boosted sales over the last several years. Remodeling expenditures in the United States are set to rise over the course of 2019 — but the rate of growth is expected to decline between quarters. A […]
Ken Blevins/The Star-News via AP Hurricane Florence has people turning to local hardware and supply stores like Lowe’s, Home Depot, and Ace for assistance that the government can’t necessarily provide. These outlets have emergency command centers and meteorologists on duty. After 2017’s brutal hurricane season, Home Depot had revenue of more than $ 100 billion, […]
Joe Raedle/Shutterstock Lowe’s reported mixed top and bottom line results. The home-improvement chain cut its full-year profit and sales forecasts. Shares fell about 2% Watch Lowe’s trade in real time here. (Reuters) – Lowe’s Cos Inc trimmed its full-year profit and sales forecast on Wednesday, as the home improvement chain plans to cut down inventories […]
Business Insider/Jessica Tyler Home Depot, Lowe’s, and Ace Hardware, three of the biggest home-improvement stores in the United States, offer a similar product selection and help with home-improvement projects. Though the stores sell many of the same products, Home Depot‘s setup appears to be geared more toward professionals — like contractors and interior designers — than Lowe’s […]
Joe Raedle/Shutterstock Lowe’s missed on the top and bottom lines as a longer winter cut into the spring selling season. The retailer named Marvin Ellison as its new CEO on Tuesday. (AP) — Lowe’s, which named a new CEO this week, is reporting weak profit and revenue numbers for its first quarter in which harsh winter […]
Thomson Reuters News that activist investor D.E. Shaw wants a potentially larger stake in Lowe‘s has caused its shares to climb. Seth Sigman, an analyst at Credit Suisse, sees additional upside for the home retailer, as there are three things that make the company attractive. Relative to its rival Home Depot, Sigman sees Lowe’s as […]
Reuters/Mohammad Khursheed The home-improvement chain beat on both the top and bottom lines, boosted by lower costs and strong demand for emergency supplies due to the hurricanes. Same-store sales rose 5.7% versus a year ago, beating the Wall Street estimate of 4.6% growth. (Reuters) – Lowe’s Cos Inc reported higher-than-expected comp sales and profit […]
Reuters/Mohammad Khursheed (Reuters) – Lowe’s Cos Inc, the No. 2 U.S. home improvement retailer, reported lower-than-expected quarterly profit and comparable sales, sending its shares down 7 percent in premarket trading on Wednesday. Lowe’s results were a contrast to those of larger rival Home Depot Inc, which reported quarterly profit and same-store sales above analysts’ estimates […]
