Lowe’s earned more than expected in the fourth quarter but fell short in terms of revenue, warning of a slowdown in the home-improvement market and sending the stock tumbling. The company reported adj...
Tag: Home Depot Inc
Lowes (LOW) Q4 earnings 2022
A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s on Wednesday report...
Target invests in cheap chic as sales slow
An increased number of mannequins feature clothing and shoes throughout the remodeled Target store in Orange, California. Jeff Gritchen | MediaNews Group | Getty Images NEW YORK — As Target sees growt...
Target (TGT) earnings Q4 2022
A shopper leaves a Target store in New York, August 15, 2021. Scott Mlyn | CNBC Target on Tuesday topped Wall Street’s earnings expectations for the first time in a year, as its holiday-quarter ...
3M stock sinks toward 10-year closing low, and longest losing streak in nearly 4 months
Shares of 3M Co. MMM, -1.02% fell 1.6% in afternoon trading Friday, putting them on track for a 10-year closing low, as the maker of Scotch adhesives, Command hooks, N95 masks and Post-it Notes, conti...
Target bets on e-commerce, invests in delivery hubs
The Target Corporation logo displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Target said Wednesday it will spend $100 million to build a larger network of s...
Walmart, Home Depot prepare for consumer slowdown
If you want to know how this year may be for the retail industry, look no further than Walmart‘s cautious outlook. The discounter easily topped expectations for the holiday quarter on Tuesday, b...
Walmart (WMT) earnings Q4 2023
Customers exit a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 an...
Home Depot (HD) Q4 earnings 2022
A customer loads plywood to a truck outside a Home Depot store in Galveston, Texas, on Tuesday, Aug. 25, 2020. Scott Dalton | Bloomberg | Getty Images Home Depot’s revenue fell short of Wall Str...
Home Depot to give hourly workers a raise
A customer enters a Home Depot store on August 16, 2022 in San Rafael, California. Justin Sullivan | Getty Images Home Depot on Tuesday said it will spend an additional $1 billion to give its hourly e...
WMT, HD, VIR and more
The Walmart logo is displayed outside their store near Bloomsburg. Paul Weaver | Lightrocket | Getty Images Check out the companies making the biggest moves in premarket trading: Walmart — Walmart sha...
Walmart, Home Depot kick off retail earnings this week
Shoppers walk past a Bloomingdale’s store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022. Victor J. Blue | Bloomberg | Getty Images After benefitting from a pandemic-era s...
Why Amazon China fell behind Alibaba, JD.com and Taobao
China’s e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American compani...
Walmart and Salesforce partner to sell tech to retailers
As times get tighter in retail, Walmart is chasing a new side hustle. The retail giant, known for selling groceries, toothpaste, toys and more in its big-box stores, wants to sell more of its technolo...
Home Depot and Lowe’s are booming in a housing market bust
A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-driven highs, home...
Lowe’s (LOW) earnings 3Q 2022
Lowe’s said Wednesday that high inflation isn’t hurting sales as it reported third-quarter earnings that beat Wall Street expectations. The company also upped its guidance for its full-yea...
Home Depot (HD) earnings Q3 2022
A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot reporte...
Walmart, Taiwan Semiconductor, Netflix, Carnival and more
Bing Guan | Bloomberg | Getty Images Check out the companies making the biggest moves midday. Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall...
Walmart, Vodafone, Getty Images and more
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart shares surged 6.9% in the premarket after the retailer reported better-than-expected quarterly profit and revenue, a...
Market needs weak retail data to stay strong
The stock market’s current run could fizzle out if October retail sales data comes in hot next week, CNBC’s Jim Cramer warned on Friday. “If we see weak retail sales and learn that t...
Travel has edge over shopping this holiday season amid inflation
Retailers have a new threat this holiday season: wanderlust. Americans are returning to the skies, filling hotels, swarming theme parks — and they’re showing a willingness to spend more of their...
Cramer’s lightning round: I’m sticking with Nvidia
Nvidia Corp: “I know it’s overvalued right now. … I think a year from now, the stock’s going to be higher, and I’m sticking with Nvidia.” GoPro Inc: “I said s...
Halloween items like 12-foot Home Depot skeleton are key to retail strategy
A child looks at a halloween costume on the rack. At the Target department store in Exeter Township Tuesday afternoon for a story on halloween costumes. Ben Hasty | Medianews Group | Getty Images In t...
Home Depot’s customers have been resilient despite turmoil, CEO says
Home Depot‘s business has remained strong even as turbulent economic conditions pinch consumers’ wallets, CEO Ted Decker told CNBC’s Jim Cramer on Friday. His comments were in respon...
Where Walmart, Amazon, Target are spending billions in slowing economy
A Walmart employee loads up a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro-fulfillment center in Salem, Mass. on Jan. 8, 2020. Boston ...
Lowe’s chief marketing officer Marisa Thalberg leaves company in shakeup
Marisa Thalberg, executive vice president and chief brand and marketing officer. Source: Marisa Thalberg Lowe’s chief marketing officer Marisa Thalberg has left the retailer as part of a broader...
This Analyst Sees a 17% Downside to Home Depot Stock. Here’s Why.
Home Depot and Lowe’s could be in for a rough year, with one analyst forecasting that the shares could lose more than 10% of their value. Rising interest rates, persistent inflation, a weaker labor ma...