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LexRetail sector
Home Depot has bet $18bn on US housing market paralysis Premium content
...As America’s largest home-improvement retailer, Home Depot is often seen as a proxy for the US housing market....
April 2, 2024
News updates from February 27: McKinsey touted its advice to Chinese government, EU parliament bars Amazon lobbyists
What to watch in North America today
...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....
February 27, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
Live news updates from May 23: DeSantis to launch presidential bid, SoftBank falls deeper into junk territory
Home improvement retailer Lowe’s cuts outlook as demand weakens
...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...
May 23, 2023
News updates from November 21: Binance chief resigns after US guilty plea, Open AI directors in talks with Sam Altman to rejoin board
Risers and fallers in the US
...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....
November 21, 2023
News updates from November 21: Binance chief resigns after US guilty plea, Open AI directors in talks with Sam Altman to rejoin board
US retailers paint gloomy consumer picture ahead of Thanksgiving
...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...
November 21, 2023
FT GlobetrotterFT Globetrotter’s month-by-month guide to what’s on in our cities
What’s happening in Miami: FT Globetrotter’s month-by-month guide to 2024
...To March 17; further information and tickets here ‘Reckonings and Reconstructions: Southern Photography from The Do Good Fund’, Lowe Art Museum The ever-shifting culture of the US South, as documented...
February 8, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Live news updates from May 23: DeSantis to launch presidential bid, SoftBank falls deeper into junk territory
What to watch in North America today
...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....
May 23, 2023
Disrupted Times
Policymakers gather in Washington as Middle East tensions swell
...The twice-yearly Brookings-FT Tracking Index for the Global Economic Recovery suggests a modest improvement on growth from last year, fuelled by momentum in countries such as the US and India....
April 15, 2024
News in-depthUS retail
Inflation puts US Black Friday crowds in a bargain-hunting mood
...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...
November 23, 2023
FT GlobetrotterFT Globetrotter’s month-by-month guide to what’s on in our cities
What’s on in NYC: a month-by-month guide to 2024
...Their second game bring them back home, playing Indiana at the Barclays Center in Brooklyn....
January 30, 2024
LexHelen Thomas
The Lex Newsletter: Is BILGE the next threat to London? Premium content
...What about HomeServe, the home repairs and emergency services group taken private by Brookfield in 2022?...
February 16, 2024
Live news updates from March 1: Chinese manufacturing jumps, BoE tempers rate rise expectations
What to watch in North America today
...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...
March 1, 2023
Live news updates from March 1: Chinese manufacturing jumps, BoE tempers rate rise expectations
Inflation hits trio of US retailers
...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....
March 1, 2023
FT Globetrotter
Desk appeal: six of Tokyo’s quirkiest co-working spaces
...Flux Café is a sibling establishment to Flux Conditionings next door, a gym that offers a range of specialist training, such as posture improvement....
January 9, 2024
Europe Express
Preparing Europe for Trump 2.0 Premium content
...This Pew Center Research chart illustrates the point: Like millions of voters, mainstream European politicians and policymakers are concerned about what might unfold during a Trump second term....
January 27, 2024
FT Live
Outstanding Directors Exchange
Fostering trust for steadfast leadership
Wednesday, 12 JuneHarvard Club of New York City, West 44th Street, New York, NY, USA
Working It
Being more mindful about mindfulness
...Bank of America warns return to office laggards with ‘letters of education’: Tensions over how often we can work from home haven’t gone away....
January 31, 2024
ExplainerBrexit
Can Starmer reset Britain’s Brexit deal?
...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...
September 19, 2023
News updates from August 17: UK inflation rises to 10.1% in July, Fed officials signal restrictive rates may be needed ‘for some time’
DIY retailer Lowe’s reports dip in sales as discretionary spending slows
...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....
August 17, 2022
FirstFT
FirstFT: US debt deal remains elusive
...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....
May 23, 2023
ExplainerMarket Questions
Will eurozone core inflation remain stubbornly high?
...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...
February 26, 2023
Investor activism
Shareholders bring US abortion battle to the boardroom
...The vote at Lowe’s received 32 per cent support, but BlackRock and Vanguard did not vote for it....
January 10, 2023
Working It
Workplace flattery gets you everywhere
...The professional body warns that swift improvement is needed, following recent organisational scandals....
August 23, 2023
Visual and data journalism
Death toll in Turkey and Syria earthquakes reaches historic scale
...More than a third of its services are rated either “inadequate” or “requires improvement”, up from 31 per cent a year ago....
February 12, 2023
FT Magazine
He blew the whistle on Amazon. He’s still paying the price
...“Penalties and improvements regarding the Hengyang campus were made public in 2019,” the company added....
December 7, 2023
Coronavirus
Xi warns of Covid spread as China starts lunar new year migration
...Retail sales fell 1.8 per cent year on year in December, an improvement from November’s 5.9 per cent drop, official data showed on Tuesday....
January 19, 2023

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