Retail retreats for home-improvement giant

May 24th, 2007

Memphis Commercial Appeal - CHARLOTTE, N.C. — Profit at Lowe’s Cos. fell 12.1 percent in the first quarter, disappointing analysts’ expectations and depressing shares of the country’s second-largest home improvement retailer. The Mooresville, N.C.-based company said mixed Details

Morris County Daily Record - In addition, Merola was the head of a sophisticated theft operation that involved fraudulent purchases of high-end merchandise from home improvement stores in north and central New Jersey, officials said. The extent of the loss to the stores is not Details

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Home Depot supply unit sale faces issues: report

May 24th, 2007

Boston Globe - Home Depot, the world’s largest home-improvement chain, said earlier this year it hired Lehman Brothers as its financial adviser as it considered a sale, spin-off or initial public offering of HD Supply. Analysts have valued the unit at more than More details

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Retail retreats for home-improvement giant

May 22nd, 2007

Memphis Commercial Appeal - CHARLOTTE, N.C. — Profit at Lowe’s Cos. fell 12.1 percent in the first quarter, disappointing analysts’ expectations and depressing shares of the country’s second-largest home improvement retailer. The Mooresville, N.C.-based company said mixed continued

Indianapolis Star - The housing slump’s ripple effect is continuing through the home-building and home- improvement industries. Profit at Lowe’s Cos. fell 12.1 percent in the first quarter, disappointing analysts’ expectations and depressing shares of the country’s continued

Everett Herald - Home improvement slump hits Lowe’s Profit at Lowe’s Cos. fell 12.1 percent in the first quarter, disappointing analysts’ expectations and depressing shares of the country’s second-largest home improvement retailer. The Mooresville, N.C.-based company continued

Boston Globe - Home Depot, the world’s largest home-improvement chain, said earlier this year it hired Lehman Brothers as its financial adviser as it considered a sale, spin-off or initial public offering of HD Supply. Analysts have valued the unit at more than continued

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Floor & Decor Outlets chain debuts in Orlando

May 21st, 2007

Orlando Sentinel - Retailer Floor & Decor Outlets of America is betting that there are plenty of home-improvement projects still in the works in Orlando. The Georgia-based retail chain, which sells hardwood, tile, stone and other hard-surface flooring, recently opened details

Canton Repository - On Monday, home improvement goods chain Lowe s Cos. releases its first-quarter earnings. Analysts surveyed by Thomson Financial are anticipating a profit of 49 cents per share. Lowe s closed at $32.67 Friday, at the upper end of its 52-week range details

Sky.com - Communities Secretary Ruth Kelly is expected to announce moves to do away with planning permission for “minor developments” - such as loft conversions, conservatories or wind turbines on roofs. Rather than strict rules on how much extra floor area is details

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Special deals targeting home-equity borrowers

May 21st, 2007

Charleston Post & Courier - Last month, Wells Fargo launched its Home Improvement Program. The bank teamed with retailers such as Best Buy, Brookstone and LampsPlus.com and a network of third-party local contractors to offer rebates and discounts through its home equity accounts Details

New York Daily News - It’s easy this time of year for a mild case of spring cleaning to develop into full-fledged home improvement. With uncertainty in the housing market, many people have decided to improve on the home they have rather than trade up for a different one Details

Boston Globe - Earnings from home improvement retailer Lowe’s Companies Inc. , due on Monday, will be scrutinized for more clues about the state of the U.S. housing market. Rival Home Depot this past week posted a profit that missed estimates. New home Details

MSN MoneyCentral - MOORESVILLE, N.C., May 21 /PRNewswire-FirstCall/ — Lowe’s Companies, Inc. LOW , the world’s second-largest home improvement retailer, today reported net earnings of $739 million for the quarter ended May 4, 2007, a 12.1 percent decline versus the Details

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Profit tumbles at Home Depot

May 18th, 2007

Orlando Sentinel - Hammered by the slumping U.S. housing market, Atlanta-based Home Depot reported Tuesday that its first-quarter profit fell 29.5 percent as sales rose less than 1 percent, their smallest gain in four years. The home-improvement giant also said it’s Continue

WTOV 9 - Steubenville police are not releasing the names of two men who recently turned themselves in after stealing from the local Lowe’s Home Improvement Store. According to police, the two men watched themselves on surveillance video aired on NEWS9 and Continue

Charlotte Business Journal - Lowe’s Cos. Inc. will open a Belmont location on Wilkinson Boulevard by the end of the year. The home-improvement store will have 117,000 square feet of retail sales space and an adjacent garden center. It will stock 40,000 items. A store that size Continue

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Rooms for improvement?

May 18th, 2007

Twin Falls Times-News - Here, a rundown of what’s hot in home improvement, from popular tile styles to new roofing technology - and what those changes could mean for your home’s value. Bathroom face-lift For Scott Hansen, owner of Marble-N-Counters in Burley, this has been Details

Times Union - ALBANY — Spurred by thousands of complaints about deceptive home-improvement contractors, state officials on Wednesday called for greater oversight and licensing of the industry. The attorney general’s office said it has received at least 6,000 Details

Chicago Tribune - Stocks ended mostly lower Tuesday, despite a benign report on consumer price inflation in April. More bad news from the housing sector, including a soft outlook by home improvement retailer Home Depot, offset the market-friendly inflation report. The Details

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Weather, Housing Hammer Home Depot

May 17th, 2007

Street.Com - The ongoing U.S. housing slowdown has hit Home Depot and rival Lowe’s ( LOW - Cramer’s Take - Stockpickr ) hard, cutting into sales over the past year and leading each company to lower earnings projections for 2007. “We believe the home improvement continued

MSN MoneyCentral - ATLANTA, May 15 /PRNewswire-FirstCall/ — The Home Depot(R), the world’s largest home improvement retailer, today reported first quarter net earnings of $1.0 billion, or $0.53 per diluted share, compared with $1.5 billion, or $0.70 per diluted share continued

Reuters - Last: ATLANTA (Reuters)- Home Depot Inc. (HD.N: Quote , Profile , Research ), the world’s largest home improvement chain, posted lower quarterly profit on Tuesday as the softer U.S. housing market hurt sales. Earnings fell to $1 billion, or 53 cents continued

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The Home Depot Announces First Quarter Results

May 16th, 2007

MSN MoneyCentral - ATLANTA, May 15 /PRNewswire-FirstCall/ — The Home Depot(R), the world’s largest home improvement retailer, today reported first quarter net earnings of $1.0 billion, or $0.53 per diluted share, compared with $1.5 billion, or $0.70 per diluted share Details

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Latest News

May 15th, 2007

dBusinessNews.com - CallCommand is a leading provider of communication solutions for automotive retailers and OEMs as well as a growing customer base in home improvement, schools, municipalities, independent services, telecom, churches and financial services. Their Continue reading

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