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Specialty Retail Home Improvement Retail

  • MOORESVILLE, N.C.— Home improvement retailer Lowe's has announced its second round of layoffs in just over a month, saying more than 500 full-time corporate employees companywide will lose their jobs. Local news outlets report Lowe's announced Tuesday that 430 workers at its headquarters in Mooresville would be laid off. Meanwhile, the company said Lowe's...

  • *Wal-Mart's shares were up 1.5 percent at $70.42 in premarket trading after the world's largest brick-and-mortar retailer reported a higher-than-expected rise in comparable store sales. *Home Depot rose 1.63 percent to $145.33 after the home improvement store chain reported better-than-expected results and set a $15 billion buyback program.

  • Feb 21- Home Depot Inc, the world's largest home improvement chain, reported higher-than-expected profit and sales helped by a strong housing market in the United States and set a $15 billion share repurchase plan. Home Depot's net earnings rose to $1.74 billion, or $1.44 per share, in the fourth quarter, from $1.47 billion, or $1.17 per share, a year earlier.

  • Home Depot cashier at a Miami store.

    Brian Nagel, Oppenheimer analyst, breaks down Home Depot's quarterly results which posted EPS of $1.44 on revenues of $22.207 billion. The home improvement retailer also announces a new $15 billion share buyback program and increases its quarterly dividend 29-percent.

  • NEW YORK— The Home Depot Inc. on Tuesday reported a boost in sales and profit during the fourth quarter, as rising home prices and low mortgage rates continued lifting a healthy housing market. The Atlanta- based home-improvement retailer reported an 18.6 percent jump in quarterly profit to $1.74 billion, or $1.44 per share. Both measures topped Wall Street...

  • Feb 21- Home Depot Inc, the world's largest home improvement chain, reported a 5.8 percent rise in quarterly sales on Tuesday as more customers visited its stores in the United States, and said it would repurchase share worth $15 billion. The Atlanta, Georgia- based company's net earnings rose to $1.74 billion, or $1.44 per share, in the fourth quarter ended Jan. 29,...

  • Stocks to Watch: January 30, 2017

    Citigroup, Walt Disney, and Lowe's stocks are making headlines this Monday on Wall Street.

  • Home Depot's comeback tale

    CNBC's Diana Olick reports the home improvement giant has been on a run since more Americans are putting money into their homes instead of moving out.

  • Jan 12- Lowe's Cos Inc, the No. 2 U.S. home improvement chain, is expected to cut "less than 1 percent" of its workforce in the near future, CNBC reported on Thursday, citing a person familiar with the matter. Lowe's had about 180,000 full-time and 90,000 part-time employees as of Jan 29, 2016. "While we have no announcements to share, we continually evaluate our staffing...

  • Jan 12- Lowe's Cos Inc, the No. 2 U.S. home improvement chain, is expected to cut "less than 1 percent" of its workforce in the near future, CNBC reported on Thursday, citing a person familiar with the matter. The company is also said to change its store staffing model and reshuffle the roles and responsibilities of some of its staff, CNBC reported. Lowe's had about 180,000...

  • Cyber Monday

    In order for retailers to survive, they will need a new strategy to keep up with consumers' changing habits, an expert tells CNBC.

  • Prospective home buyers in East Peoria, Illinois.

    Buying a home can end up costing many times the sticker price in goods, services and fees, so ownership might not make sense for everyone.

  • Stocks to Watch: December 7, 2016

    Wendy's, Southwest Airlines, and Lowe's stocks are making headlines on Wall Street today.

  • Retail memberships are on the rise, but an expert explains to CNBC the steps consumers should take to figure out if it works for them.

  • LONDON, Nov 22- Kingfisher, Europe's largest home improvement retailer, reported growth in third-quarter underlying sales with strong demand in Britain and Poland more than offsetting weakness in France. The firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, also said on Tuesday that its five year...

  • LONDON, Nov 22- Kingfisher, Europe's largest home improvement retailer, reported growth in third-quarter underlying sales with strong demand in Britain and Poland more than offsetting weakness in France. The firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, said group sales at stores open over a year...

  • An employee helps a customer shop for a sander at a Lowe's home improvement store in Chicago.

    Lowe's CEO Robert Niblock says store traffic slowed more than anticipated in August and September.

  • *Lowe's Q3 EPS, sales miss estimates, cuts FY profit view. Nov 16- Lowe's Cos Inc, the No. 2 U.S. home improvement chain, reported disappointing quarterly results and tempered its full-year forecast as fewer of its do-it-yourself customers remodeled homes due to an unseasonably hot fall season. "Weather was a problem in the first part of the quarter," Lowe's Chief...

  • Nov 16- Lowe's Cos Inc, the No. 2 U.S. home improvement chain, reported disappointing quarterly results and tempered its full-year forecast, in sharp contrast to market leader Home Depot Inc, as fewer customers visited its stores. Home improvement retailers in the United States are benefiting from higher wage growth as well as increased home-remodeling...

  • Stocks to Watch: November 16, 2016

    Lowe's, Target and Disney stocks are making moves this morning before the opening bell.