Lowe's Profit Hurt by Cooler Weather, Competition
Lowe's reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season.
Lowe's reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season.
US stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased concerns about the end of stimulus programs.
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.
Home Depot and Lowe's continue to service the victims of Hurricane Sandy. The reconstruction effort is expected to help both home improvement retailers post strong profits.
The retailer was trading close to its 52-week low even before Wednesday's disappointing quarterly report when earnings grew by less than 2 percent to $232.8 million, despite seeing net sales climb 15 percent to top $2.7 billion.
U.S. shoppers will buy $110 billion worth of gift cards this year, and nobody's complaining about it: Gift cards are the most-desired present of the season. But you still have to pick the right gift card for each recipient, so we asked plastic experts for their best advice.
The tired video game industry needs a spark -- and it may get it with this week's release of the next installment of the record-setting Call of Duty franchise.
As Hurricane Sandy began tearing up the East Coast, thousands evacuated their homes, schools closed, and millions of businesses and government offices told their workers to stay home. But a few employers did not: the Supreme Court, the Tomb of the Unknown Soldier, Home Depot, Lowe's, and the U.S. Postal Service.
Economists say it will take a while to fully estimate the economic impact of the storm. But they believe the impact will be enough to lower the nation's gross domestic product, the broadest reading of the nation's economic activity, in the fourth quarter.
This month, 12 more billionaire families committed to donate at least half of their wealth to charity by taking the Giving Pledge. Here are introductions to some of the new signatories and their pet philanthropic projects.
Gift cards have made holiday shopping a whole lot easier for millions of people. But they also raise a big question: Who should profit when people don't use up their gift card balances?
Walmart's conquest of of America embodies a decades-long drive toward the lowest common denominator, off-shoring jobs, maximizing profits and reducing quality. But is it a trend we can reverse? Deep in the heart of Ohio, a new store aims to try.
There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead: The Kindle Fire, the Nook Tablet, and earnings reports from Sears, Gap, Hot Topic, Lowes Home Depot and Staples.
For more than a year, the American Family Association has pleaded with Home Depot not to publicly back gay rights, and the home improvement retailer has ignored them. In fact, it continues to participate in the city's gay pride parade, as it has done for years. Still, the AFA isn't giving up.
It's easy to forget, given all the success stories of people who've gotten rich in real estate, but you have to remember: Your house is not an investment. Money can be made in real estate, but you're better off considering these investment vehicles than buying property directly.
What makes a truly great leader? Attention to detail, a vision for the future, or maybe a strong personality? How about an education from Harvard or another top business school? Maybe the formula for superior leadership is much simpler; maybe the best way to spot a great leader is simply to look for someone who doesn't focus on profits.
Big-box superstores have become ubiquitous across America, making so many stops along the highway bleed into a blur of generic retail. But that could be about to change: Walmart and Target are experimenting with smaller footprints, while lighter, nimbler outlets challenge the dominance of the behemoths.
The stock market can be as ruthless as nature itself: Some stocks get pummeled when disaster strikes, while others climb higher. And just as homeowners board up their houses and stock up on water, investors can fortify their portfolios when storm clouds loom. As respectfully as possible, we review what Irene hath wrought, in search of lessons.
Storms are always good for hardware-home improvement superstores, as droves of people stock up on supplies beforehand and work to repair any damage afterwards. If you want to try to profit from the wake of Hurricane Irene, the orange-aproned merchant is the one to turn to.
Earnings season is almost over, and corporate America has so far provided a steady stream of strong earnings to counter the doom-and-gloom headlines. Last week, the focus was squarely on retailers, and they didn't disappoint: A diverse group of companies beat estimates, showing that U.S. consumers are far from finished.
What does the current state, and the likely future, of the American real estate market mean for companies like Home Depot and Lowe's? We break down the numbers to see which (if either) is a good investment.
Given the market's extreme and distressing gyrations over the past week, you'd be forgiven for thinking corporate earnings had been, on the whole, disappointing. But that's not actually the case: A large majority of public companies have performed quite well.
Next week brings more earnings reports from big-name companies, including several home improvement giants, a couple of "good enough" computer makers, penny-pinching discount masters, and office supplier Staples -- whose results might stand as an indication of the broader economy's health.
After Lumber Liquidators cut its full-year revenue forecast Thursday, investors took the nation's largest hardwood flooring specialist to the woodshed. But while the short-term will be challenging, this highly profitable company still has a strong position and ample room to grow.
Over the last few years, Home Depot has expanded its retail stores aggressively, adding more than 200 outlets annually. However, the firm has recently embarked on a $1.1 billion program to improve its Web presence while dramatically reducing the number of new store openings to around 10 in 2011.
As the competition between home improvement heavyweights Lowe's and Home Depot intensifies, customer service is emerging as one of the key features on which they will need to innovate. Lowe's latest attempt is a new incentive program for customers paying with the store's credit card.




























