Hints and tips:
...As America’s largest home-improvement retailer, Home Depot is often seen as a proxy for the US housing market....
...Lowe’s: The retailer is forecast to report an 18 per cent revenue decline to $18.4bn in the fourth quarter, as consumers rein in spending on home improvement projects....
...US home improvement retailer Lowe’s followed in rival Home Depot’s footsteps and cut its full-year guidance, as softer-than-expected demand for discretionary purchases are expected to hit revenue and profit...
...Shares of home improvement retailer Lowe’s fell 2.7 per cent after cutting its comparable sales forecast on unexpectedly lower spending on do-it-yourself projects....
...Customers at home improvement store Lowe’s pulled back more than expected on do-it-yourself discretionary spending, particularly on big-ticket items, during the three months to October, chief executive Marvin...
...Lowe’s: Lowe’s is forecast to report that its revenue declined 8.7 per cent to $21.6bn in the first quarter, as consumers reined in spending on home improvement projects....
...Home Depot and Lowe’s both pointed to a drop in spending on large home-improvement projects, Kohl’s missed sales estimates as spending on non-essentials declined, while Best Buy said demand had been “even...
...A $504mn writedown on home improvement lender GreenSky in the second quarter, which it bought in 2021 for $2.2bn but is already in the process of selling, has added to the pain....
...Lowe’s: Investors will be keen to learn whether the home improvement retailer is experiencing similar consumer activity to competitor Home Depot, which recently warned that elevated inflation and mortgage...
...Comparable sales at home improvement group Lowe’s fell 1.5 per cent in the three months to February 3, as consumers prioritised services over goods with inflation prompting them to cut back spending....
...But Sam Lowe, trade expert at Flint Global, warned this would cut across existing elements of the TCA and would not address some areas of friction, such as the stand-off between the EU and UK over electric...
...US home improvement chain Lowe’s joined a list of US retailers experiencing a slowdown in customer spending on discretionary items, as it reported a dip in sales during the second quarter....
...Here’s what else I’m watching today: Results: Lowe’s is forecast to report that its revenue declined 8.7 per cent to $21.6bn, as consumers rein in spending on home improvement projects....
...Retail giants Costco and Target, home improvement store Lowe’s and budget-friendly Dollar Tree are among those reporting, alongside big names like oil company Occidental Petroleum and tech business Salesforce...
...Home Depot, the DIY chain, said spending on home improvement had been “incredibly high”, with its business accelerating in recent weeks....
...Other companies: Off-price retailer TJX, home improvement retailer Lowe’s and doughnut maker Krispy Kreme are reporting before the bell today. Retailer Bath & Body Works is reporting after the bell....
...Other earnings: Other companies reporting before the bell include home improvement retailer Lowe’s and department store operator TJX Companies. Cisco and Bath & Body Works will report after the bell....
...So you’ll see job losses in construction as well, potentially all the way down to the people who work the checkout lanes at stores like Home Depot and Lowe’s....
...David Denton will join Pfizer in early May from home improvement retailer Lowe’s, where he has held the position of CFO since 2018....
...Amazon has been calling members from its home state of Washington, arguing that the bill could result in job losses there, according to two congressional officials....
...Home improvement retailers reported blockbuster sales over the past year, when stuck-at-home Americans took up do-it-yourself projects and stocked up on items such as paint and garden supplies....
...Shareholder proposals demanding more such information won 30 per cent shareholder support at TJ Maxx, a retailer, and Lowe’s, a home improvement chain....
...America’s two biggest home improvement retailers have built their businesses on solid foundations....
...improvement store Lowe’s....
...The home improvement retailer posted a 26 per cent year-on-year rise in comparable sales in its first fiscal quarter, which ended in April....
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