Latest Home improvement store operators News

A Target employee places a curbside pickup purchase into the trunk of a customer in Jackson, Miss., Thursday, Nov. 5, 2020.  After a weak start to the holiday season for many mall-based retailers, the strugglers are making their final push in the final days before and the week after Christmas. Many are stepping up discounts while heavily promoting curbside pickup as a way to get shoppers, worried about being infected with  the virus,  to visit their stores. But experts believe that any burst of sales will be too little and too late to save some stores.  (AP Photo/Rogelio V. Solis)

The holidays could make or break struggling stores

Dec. 21, 2020 2:57 PM EST

NEW YORK (AP) — Clothing stores and specialty retailers are offering big discounts and heavily promoting curbside pickup in hopes of rescuing a lackluster holiday shopping season in which surging coronavirus cases have kept many shoppers at home. For some, it could be their last chance at survival. And...

A parking lot nearly empty of the cars of holiday shoppers is shown at the Mall of New Hampshire, Thursday, Dec. 10, 2020, in Manchester, N.H. Retail sales fell 1.1% in November, the biggest drop in seven months, a sign that Americans held back on spending during the start of the holiday shopping season. The U.S. Commerce Department also revised October’s number, saying on Wednesday that retail sales actually fell 0.1% that month, instead of rising 0.3% as it previously reported. (AP Photo/Charles Krupa)

Retail sales fell 1.1% in November, biggest drop in 7 months

Dec. 16, 2020 5:11 PM EST

NEW YORK (AP) — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S. Commerce Department. It was the biggest drop in seven...

In this photo provided by the New York Stock Exchange, a specialist works at his post on the trading floor, Monday Nov. 30, 2020, in New York.  Companies in the S&P 500 reported that their earnings held up surprising well in the third-quarter despite an economy still struggling to recover from the virus pandemic. (Nicole Pereira/New York Stock Exchange via AP, File)

3Q earnings offer an unexpected light in pandemic darkness

Dec. 3, 2020 12:20 PM EST

Corporate earnings are likely to end this year with a fourth-straight quarterly decline, but a profit rebound may be appearing on the horizon, analysts say. Despite the continuing struggle with the virus pandemic, profits for companies in the S&P 500 held up surprisingly well in the third-quarter. That's a...

FILE - In this Aug. 27, 2019 file photo, the Best Buy logo is shown on a store in Richfield, Minn.  On Tuesday, Nov. 24, 2020, Best Buy Co. reported fiscal third-quarter results that blew through analysts’ expectations as the nation’s largest consumer electronics retailer  saw surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the pandemic.   (AP Photo/Jim Mone)

Best Buy reports 3Q results that exceed Wall Street views

Nov. 24, 2020 11:42 AM EST

NEW YORK (AP) — Best Buy Co. reported fiscal third-quarter results that blew through analysts' expectations as the nation's largest consumer electronics retailer enjoyed surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the...

FILE - In this March 22, 2020 file photo, customers wearing masks walk into a Lowe's home improvement store in the Canoga Park section of Los Angeles. Lowe's announced Wednesday, Oct. 7, 2020 that it is handing out another round of bonuses to recognize its front-line employees in light of the COVID-19 pandemic. (AP Photo/Mark J. Terrill)

Sales surge at Lowe's as the homebound take on more projects

Nov. 18, 2020 12:22 PM EST

Lowe's sales surged in the third quarter more people took on projects at home during the epidemic. Shares, however, slumped 6% Wednesday on an outlook that some saw as pessimistic. Revenue increased to $22.3 billion from $17.4 billion a year ago. That beat the $21.08 billion that analysts surveyed by Zacks...