Hints and tips:
...As America’s largest home-improvement retailer, Home Depot is often seen as a proxy for the US housing market....
...Many companies at that time had benefited from work-from-home trends induced by the pandemic and pushed to unsustainable valuations....
...Home Depot, the DIY chain, said spending on home improvement had been “incredibly high”, with its business accelerating in recent weeks....
...America’s two biggest home improvement retailers have built their businesses on solid foundations....
...The fall is being viewed as an early warning for the earnings of home improvement retailers....
...“There is little doubt pent-up demand exists for things like dining out, live entertainment and travel,” said Morgan Stanley’s Mike Wilson, but after splurging on cars, furniture and home improvements, there...
...Yet the renewed popularity of home improvement is not confined to the suburbs. Lowe’s said demand was robust across the country, and sales in urban areas were stronger than in rural markets....
...On the surface, the US’s two biggest home improvement retailers appear almost indistinguishable from one another....
...Outside groceries and general merchandise, big-box DIY retailers Home Depot and Lowe’s have also made tremendous sales gains as people stuck at home finally tackle home improvement projects....
...DIY has become a rare bright spot in the US retail sector, with Home Depot and its rival Lowe’s benefiting as the pandemic enforced extended time indoors, encouraging many Americans to do up their homes....
...Among winners such as grocery stores, big-box retailers and home improvement chains, gains will be tempered by a squeeze on margins....
...improvement retailer Lowe’s Companies....
...Despite almost the most favourable macro conditions imaginable, Uber Eats made a $232m adjusted ebitda loss — just a $54m improvement from the same quarter in 2019....
...Home improvement was a particularly favoured category for consumers in lockdown....
...India is home to 22 of the world's 30 most polluted cities. While, overall, it has managed improvements in recent years, air pollution “is still dangerously high”, according to the report....
...Meanwhile, home improvement chain Lowe’s closed 10 per cent higher. Both companies posted stronger-than-expected sales growth during the second quarter....
...Lowe’s, based in North Carolina, operates about 2,000 home improvement and hardware stores across the US and Canada....
...to research by S&P Dow Jones....
...Lowe’s quarterly report came a day after rival Home Depot, the nation’s largest home-improvement chain, cautioned that it expects slower growth in the US housing market....
...In that regard, we are most positive about infrastructure followed by repair, maintenance and improvements (RMI)....
...WPP will also reduce is planned capex from £400m to v£300m....
...The US home-improvement retailer forecast adjusted earnings per share of $6 to $6.10 for the fiscal year ending on January 31, 2020....
...US home improvement retailer Lowe’s reported a dramatic fall in third-quarter profits and revised down its full-year guidance on Tuesday, as costs associated with a strategic shift and store closures weighed...
...The US home improvement retailer has already announced plans in August to shutter all its Orchard Supply Hardware stores in order to focus on its core business....
...Home Depot’s smaller peer Lowe’s and Macy’s rival JCPenney are among other retailers due to report earnings later this week....
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