Home Improvement Retail
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A "strong holiday lineup" of new products propelled Williams-Sonoma to better-than-expected quarterly earnings, company CEO Laura Alber told CNBC.
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A "strong holiday lineup" of new products propelled Williams-Sonoma to better-than-expected quarterly earnings, company CEO Laura Alber told CNBC.
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*Move is the latest step in Rona's turnaround plan. *Rona may close, remodel some of its big box stores. March 19- Rona Inc, Canada's top home-improvement retailer and distributor, has chosen a long-time supermarket chain executive as CEO, putting Robert Sawyer in charge as it fights back against growing competition from U.S. rivals.
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*Move is the latest step in Rona's turnaround plan. March 19- Rona Inc, Canada's top home-improvement retailer and distributor, has chosen supermarket-chain executive Robert Sawyer as CEO, putting him in charge of efforts to fight back against large U.S.-based competitors.
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March 19- Rona Inc, Canada's top home-improvement retailer and distributor, named former supermarket chain executive Robert Sawyer to take over as CEO and guide its efforts to counter large U.S.-based competitors.
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March 19- Rona Inc, Canada's top home-improvement retailer and distributor, said Metro Inc executive Robert Sawyer will take over as chief executive, as it looks to turnaround its business. Sawyer, the chief operating officer at Metro since April 2009, will replace acting CEO Dominique Boies next month, Rona said in a statement.
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Home Depot expects 3 percent growth in 2013, the same it saw in 2012 as economic growth remains steady, CEO Frank Blake told CNBC.
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After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.
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Stocks are up as Bears are not yet in control of the narrative. There were no surprises from Bernanke, though he did give a rather spirited defense of QE and low interest rates.
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Feb 26- Home Depot Inc reported a higher quarterly profit, aided by improvements in the U.S. housing market and sales tied to Hurricane Sandy, helping the world's No. 1 home improvement chain outshine rival Lowe's Cos Inc for the 15th straight quarter.
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CNBC's Diana Olick takes a look at what home buyers purchase at home improvement stores as well as the types of features they're expecting in a home.
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Brian Nagel, Oppenheimer analyst, breaks down the fourth quarter results on the home improvement retailer of $0.26 vs. $0.23 ESP on revenues of $11 billion.
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Next week is the biggest one of the earnings season for the retailers. While each will have different nuances, and wrap up the key holiday quarter, Wall Street will be focused on the sales forecast for the current quarter.
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Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending. Separately, import and export prices rose slightly less than expected in the month.
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*Home Depot declines to say when it made the decision. TORONTO, Feb 11- Shares of BlackBerry fell 3 percent on Monday after U.S. home improvement retailer Home Depot Inc said it is replacing the BlackBerry smartphones it provides its executives and managers with Apple Inc's iPhone.
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Kingfisher, Europe's No. 1 home improvements retailer, posted a 6 percent fall in third-quarter profit, hit by a fall in sales in its main markets in France and the UK as well as unfavorable foreign exchange movements.
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Following a 66-percent rise in Home Depot shares and a 45-percent run in Lowe’s stock during the past year, one analyst said the rivals’ stocks are now trading at very similar valuations.
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Budd Bugatch, Raymond James & Associates, breaks down the retailer's higher-than-expected quarterly profits and takes a look ahead at its growth prospects.
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Nov 19- Lowe's Cos Inc's reported a higher-than-expected quarterly profit on Monday as preparation and rebuilding efforts tied to superstorm Sandy and an improving housing market boosted business at the world's No. 2 home improvement chain. Shares of Lowe's, which also raised its full-year sales forecast, rose 4.6 percent to $33.44 in premarket trading.
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Nov 19- Lowe's Cos Inc's reported a higher-than-expected quarterly profit on Monday as preparation and rebuilding efforts tied to superstorm Sandy boosted business at the world's No. 2 home improvement chain, which raised its full-year sales forecast. Shares of Lowe's rose 3.5 percent to $33.10 in premarket trading.
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Nov 19- Lowe's Cos Inc reported a higher quarterly profit on Monday as preparation and rebuilding efforts tied to superstorm Sandy boosted sales at the world's No. 2 home improvement chain. Net income rose to $396 million, or 35 cents per share, from $225 million, or 18 cents per share, a year earlier.