NEW YORK— Lowe's completed a $2.4 billion buyout of Canadian home improvement retailer Rona Inc., the company said Friday, one week after Canadian regulators signed off on the deal. Lowe's and rival Home Depot have seen sales boom in the midst of a strong recovery in the U.S. housing market. Lowe's Companies Inc. this week reported a 31 percent spike in... » Read More
*Housing market improvement boosts results, forecast. Feb 24- Lowe's Cos Inc, the world's No.2 home improvement chain by market share, reported a better-than-expected rise in quarterly sales and forecast 2016 sales above estimates as it benefits from a steady improvement in the U.S. housing market. Lowe's said it expects sales for the current fiscal year, which...
Brian Nagel, Oppenheimer & Company, breaks down Lowe's quarterly results and weighs in on the "overall strength" in the home improvement retail market.
Home Depot, the No. 1 U.S. home improvement chain, reported better-than-expected sales as demand rose amid an improvement in the housing market.
Brian Nagel, Oppenheimer & Company, breaks down the home improvement company's fourth quarter results, which beat expectations on both the top and bottom line, posting earnings of $1.17 on revenues of $21.0 billion.
Feb 23- Home Depot Inc, the No. 1 U.S. home improvement chain, reported a 9.5 percent rise in quarterly sales, helped by a recovery in the housing market. Net earnings rose to $1.47 billion, or $1.17 per share, in the fourth quarter ended Jan.31, from $1.38 billion, or $1.05 per share, a year earlier. Revenue rose to $20.98 billion from $19.16 billion.
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The home improvement retailer plans to acquire Rona to enter the Canadian province.
*Lowe's to pay C $24/ shr per common share, C $20 for prefs. Feb 3- U.S. home improvement retailer Lowe's Cos Inc agreed to buy Canada's Rona Inc in a deal valued at C $3.2 billion, winning over Rona's board with a far higher offer than its previous unsolicited bid more than three years ago that was opposed by the company and politicians in Quebec. North Carolina- based...
Feb 3- U.S. home improvement retailer Lowe's Companies Inc said it agreed to buy Canada's Rona Inc in a deal valued at C $3.2 billion, after its previous bid ran into opposition from the company, dealers and politicians in Quebec. Only 40 of Lowe's 1,850 stores in North America were located in Canada as of March. Rona has 700 stores across Canada, according to its...
Feb 3- U.S. home improvement retailer Lowe's Companies Inc said it would buy Rona Inc in an all-cash deal valued at C $3.2 billion to expand its presence in Canada. Lowe's will pay C $24 per share for Rona's common shares, more than double the stock's closing on Tuesday. The deal also include a C $20 per share cash payment for Rona's preferred shares.
LONDON, Jan 25- Kingfisher, Europe's largest home improvement retailer, announced a plan on Monday to boost profit by 500 million pounds a year from 2021 that will cost 800 million pounds over the next five years to deliver. In a strategy update, Kingfisher, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other countries, also...
LONDON, Jan 25- Kingfisher, Europe's largest home improvement retailer, is targeting a 500 million pounds increase in sustainable annual profit in five years time, it said on Monday. In a strategy update the firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other countries, also said it planned a capital return of 600...
LONDON, Jan 25- Kingfisher, Europe's largest home improvement retailer, said on Monday it was targeting a 500 million pounds increase in sustainable annual profit in five years time. In a statement released ahead of a presentation to investors and analysts on the firm's long term strategy the firm also said it planned a capital return of 600 million pounds over...
Tax officials have launched a crackdown on VAT evasion by overseas online retailers, the Financial Times reports.
Jim Cramer explains why Target didn't exceed earnings expectations.
Lowe's delivered quarterly earnings that topped analysts' expectations on Wednesday, helped by a strong recovery in the U.S. housing market.
The "Halftime Report" traders deliver their retail stock picks for the second half.
Home Depot delivered quarterly earnings that topped analysts' expectations, helped by strong demand from professional contractors and builders.
Brian Nagel, Oppenheimer & Company, breaks down Home Depot's quarterly results, which beat Street estimates of $1.36 Adj. versus $1.32 Est.