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Home Improvement Retail

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  • European shares up, head for best quarter in years Tuesday, 31 Mar 2015 | 3:18 AM ET

    LONDON, March 31- European shares edged higher in early trading on Tuesday and headed for their best quarterly performance in several years, with Kingfisher leading the market higher following its plans to sell about 60 B&Q stores in Britain. Shares in Europe's biggest home improvement retailer were up 4.6 percent after the announcement of store closure...

  • Lumber Liquidators' 'idiot-proof' tests for customers Tuesday, 17 Mar 2015 | 4:55 PM ET
    Lumber Liquidators

    Lumber Liquidators has sent thousands of customers free "idiot-proof" formaldehyde test kits to customers, NBC News reports.

  • I'm optimistic about home improvement sector: CEO Wednesday, 25 Feb 2015 | 7:30 AM ET

    Home improvement and housing are finally positioned to take off this year, Jeffrey Lorberbaum tells CNBC.

  • Feb 25- Lowe's Cos Inc, the No. 2 U.S. home improvement chain, reported same-store sales well above analysts' estimates as lower gas prices and an improving job market encouraged Americans to spend more on home renovations. The forecast translates to sales of $58.75- $59.04 billion- above the average analyst estimate of $58.52 billion, according to Thomson Reuters...

  • Higher renovation spending drives sales at Lowe's Wednesday, 25 Feb 2015 | 6:05 AM ET
    An employee works in the paint department at a Lowe's Cos. store in Louisville, Kentucky.

    Lowe's posted quarterly earnings and revenue that topped Wall Street expectations Wednesday, sending shares higher in premarket trading.

  • Feb 24- Home Depot Inc, the world's No. 1 home improvement chain, posted a better-than-expected rise in quarterly same-store sales on Tuesday but the company warned that a strong dollar will likely hurt 2015 earnings. Chairman and Chief Executive Craig Menear said if the U.S. dollar stays at current levels the company expects a negative impact of $1 billion to...

  • Rising home prices mean more renovations: Pro   Tuesday, 24 Feb 2015 | 8:05 AM ET
    Home rennovations on the rise

    Kermit Baker, AIA chief economist, and Scott McGillivray, HGTV's "Income Property," discuss the rise in remodeling among home owners and an outlook on the spring selling season.

  • Home Depot profit rises 36%, warns on currency Tuesday, 24 Feb 2015 | 7:15 AM ET
    A customer purchases the last available generator at a Home Depot Inc. store in Secaucus, New Jersey.

    Home Depot reported a jump in quarterly profit, but warned the strong dollar would weigh on full-year results.

  • Feb 24- Home Depot Inc, the world's No.1 home improvement chain, reported a better-than-expected rise in quarterly same-store sales said it would buy back $18 billion of its shares. The company's $18 billion share buyback replaces a $17 billion buyback authorized in 2013.. U.S. homebuilders remain upbeat about market conditions, according to a survey by the...

  • Porch secures $65 million in Series B funding   Tuesday, 20 Jan 2015 | 6:52 AM ET
    Porch secures $65 million in Series B funding

    Matt Ehrlichman, Porch chairman & CEO, explains how his company helps homeowners tackle some of their biggest problems... finding the best professional contractors.

  • CHICAGO, Dec 18- Despite a disappointing Thanksgiving weekend, U.S. holiday sales may squeak by expectations if steeper and longer-running discounts lure enough shoppers. An uptick in last-minute shopping trips on the all-important weekend before Christmas is likely to benefit consumer electronics chains like Best Buy and home improvement retailers...

  • Costco retail sales benefiting from cheaper fuel?   Wednesday, 10 Dec 2014 | 5:50 AM ET
    Costco retail sales benefiting from cheaper fuel?

    Membership fees have helped Costco beat its profit estimates for the first quarter, but will cheaper fuel benefit the retailer's sales? Brian Nagel, retail analyst at Oppenheimer & Co thinks it's a possibility.

  • *Q3 UK/ Ireland lfl sales up 2.6 pct, France down 4.0 pct. LONDON, Nov 25- Kingfisher, Europe's biggest home improvement retailer, cautioned investors on Tuesday against expecting a quick recovery in France, the market that contributes more than half its profits. In its 2014 budget, the French government hit consumers with higher income and sales taxes to try and...

  • Kingfisher reports 'uninspiring' earnings   Tuesday, 25 Nov 2014 | 4:30 AM ET
    Kingfisher reports 'uninspiring' earnings

    Richard Hunter, head of U.K. equities at Hargreaves Lansdown says that Kingfisher's Q3 earnings were rather "uninspiring".

  • LONDON, Nov 25- Kingfisher, Europe's No. 1 home improvement retailer, posted an 11.8 percent decline in third quarter profit, hurt by a weak French market and foreign currency movements. The firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France, said on Tuesday it remained cautious on the outlook, especially in France, and would...

  • Kingfisher profit held back by tough French market Tuesday, 25 Nov 2014 | 2:12 AM ET

    LONDON, Nov 25- Kingfisher, Europe's No. 1 home improvement retailer, posted an 11.8 percent decline in third quarter profit, hurt by a tough French market and foreign currency movements. The firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France, said on Tuesday it made a retail profit of 225 million pounds in the 13 weeks to Nov. 1.

  • UPDATE 3-Lowe's raises fiscal-year profit, sales forecasts Wednesday, 19 Nov 2014 | 10:15 AM ET

    Nov 19- Lowe's Cos Inc, the No. 2 U.S. home improvement chain, on Wednesday raised its fiscal-year profit and sales forecasts as an improving job market encourages home owners to increase spending on renovations. Lowe's raised its full-year profit forecast to $2.68 per share from $2.63. Wall Street was expecting $55.78 billion.

  • Lowe's earnings beat; boosts full-year forecast Wednesday, 19 Nov 2014 | 7:55 AM ET
    An employee works in the paint department at a Lowe's store in Louisville, Kentucky.

    Lowe's delivered quarterly earnings and revenue that topped analysts' expectations.

  • Nov 18- Home Depot Inc, the world's No.1 home improvement chain, reported better-than-expected quarterly sales as an improving job market encouraged Americans to spend more on renovations. The retailer is facing at least 44 civil lawsuits related to the breach in the United States and Canada. Home Depot's net income rose to $1.54 billion, or $1.15 per share, in...

  • Nov 18- Home Depot Inc, the world's No.1 home improvement chain, reported a better-than-expected quarterly profit as an improving job market encouraged Americans to spend more on renovations. The retailer is facing at least 44 civil lawsuits related to the breach in the United States and Canada. Home Depot's net income rose to $1.54 billion, or $1.15 per share, in...