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Home Improvement Retail

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  • Lowe's earnings, revenue miss estimates Wednesday, 20 May 2015 | 7:16 AM ET
    An employee helps a customer shop for a sander at a Lowe's home improvement store in Chicago.

    Lowe's stock went on a skid after the home improvement retailer reported earnings and revenue that fell short of expectations.

  • May 20- Lowe's Cos Inc, the No.2 U.S. home improvement chain by sales, reported lower-than-expected quarterly profit and sales as growth in its kitchen, flooring and lumber and building material businesses was not as strong as the company expected. In contrast, bigger rival Home Depot Inc's quarterly same-store sales handily beat analysts' estimates on Tuesday...

  • Lowe's reports Q1 earnings, revenue miss Wednesday, 20 May 2015 | 6:23 AM ET
    Lowe's reports Q1 earnings, revenue miss

    Clearly the execution is not up to par, says Chris Horvers, JPMorgan Chase senior analyst, breaking down the numbers on Lowe's quarterly results.

  • Home improvement chain Lowe's profit rises 8 pct Wednesday, 20 May 2015 | 6:08 AM ET

    May 20- Lowe's Cos Inc, the No.2 U.S. home improvement chain by sales, reported a 7.9 percent rise in quarterly profit as an improving job market encouraged Americans to spend on renovations. The company's net income rose to $673 million, or 70 cents per share, in the first quarter ended May 1 from $624 million, or 61 cents per share, a year earlier. Net sales rose 5.4...

  • US stocks 'listless' ahead of Fed minutes Tuesday, 19 May 2015 | 7:03 PM ET
    US stocks 'listless' ahead of Fed minutes

    Jim Lowell, chief investment officer at Adviser Investments, says Wall Street shares were in a "holding pattern" ahead of the release of minutes from the Fed's previous policy meeting.

  • May 19- Home Depot Inc, the world's largest home improvement chain by sales, reported better-than-expected quarterly profit and sales as customers in North America spent more on home repairs after a harsh winter. Several northeastern parts of the United States experienced heavy snowfall this winter, with cities including New York, Chicago and Boston hit with...

  • Home Depot's profit rises 14.5 pct Tuesday, 19 May 2015 | 6:10 AM ET

    May 19- Home Depot Inc, the world's largest home improvement chain by sales, reported a 14.5 percent rise in quarterly profit as customers in North America spent more on home repairs after a harsher-than-usual winter. The company's net income rose to $1.58 billion, or $1.21 per share, from $1.38 billion, or $1.00 per share, a year earlier. Net sales rose to $20.89...

  • Lumber Liquidators halts sales of Chinese laminate flooring

    Effective immediately, home improvement retailer Lumber Liquidators will not longer sell laminate flooring made in China, reports CNBC's Scott Cohn.

  • Lumber Liquidators faces possible criminal charges Wednesday, 29 Apr 2015 | 11:42 AM ET
    Lumber Liquidators

    Embattled Lumber Liquidators says the Justice Department has informed the company it is seeking criminal charges over its foreign sourcing.

  • Improving home improvement Monday, 27 Apr 2015 | 4:23 PM ET
    Improving home improvement

    How home improvement websites are pushing customers to retailers and professionals, with CNBC's Diana Olick.

  • *A.P. MOLLER-MAERSK down 10 pct on dividend pay. LONDON, March 31- European shares extended gains on Tuesday and headed for their best quarterly performance in several years, with Kingfisher leading the market higher after announcing it planned to sell about 60 B&Q stores in Britain. Shares in Europe's biggest home-improvement retailer were up nearly 5 percent...

  • 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...