Aug 20- Home improvement chain Lowe's Cos Inc reported a 5.6 percent rise in quarterly sales as more people undertook home renovation projects after a prolonged winter. Net income rose to $1.04 billion, or $1.04 per share, in the second quarter ended Aug. 1, from $941 million, or 88 cents per share, a year earlier. Revenue rose to $16.59 billion from $15.71 billion.» Read More
The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.
No. 2 home improvement chain Lowe's reported a rise in quarterly profit and raised its outlook for the current fiscal year on Wednesday.
Home Depot CEO Frank Blake discusses his efforts to improve the veterans' lives and homes. He also weighs in on housing around the world and changes that may be made surrounding health care for his company's employees.
CNBC's Sheila Dharmarajan breaks down why home improvement companies are seeing double digits while home building stocks have lost ground.
Laura Champine, Canaccord Genuity, breaks down the company's quarterly numbers, and weighs in on what's driving profits.
Budd Bugatch, Raymond James, dissects the home improvement company's Q2 earnings beat of $0.88 EPS on revenues of $15.7 billion.
Lowe's second-quarter net income rose 26 percent, as the retailer and rival Home Depot were buoyed by the housing market's recovery.
Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
Home warranties are supposed to provide peace of mind. But in many cases, people who try to use them when something breaks experience disappointment and frustration.
Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.
Jim Cramer sees two "incredibly" bullish signals for bank stocks and one company in particular is set to benefit disproportionately.
Home Depot's earnings said a lot about America, Jim Cramer said. It also gave him a treasure trove of investment ideas.
While 94 percent of the companies in the Standard & Poor's 500 Index have already reported quarterly earnings, this week remains a key week for the retail industry with 24 retailers reporting earnings—12 of which are S&P 500 components.
A nascent recovery in the housing market helped Home Depot report higher quarterly sales and earnings on Tuesday.
Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.
A "strong holiday lineup" of new products propelled Williams-Sonoma to better-than-expected quarterly earnings, company CEO Laura Alber told CNBC.
Home Depot expects 3 percent growth in 2013, the same it saw in 2012 as economic growth remains steady, CEO Frank Blake told CNBC.
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.
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.
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.