Latest The Home Depot Inc News

In Mexico's border city, Haitians hailed as success story

Nov. 22, 2018 4:24 PM EST

TIJUANA, Mexico (AP) — A few blocks from a shelter housing members of a Central American migrant caravan sits the first Haitian restaurant to open in Tijuana, a bustling eatery that has come to symbolize an immigrant success story in this Mexican border city where Haitians are now a part of the fabric,...

Lowe's reports disappointing sales; to exit Mexico

Nov. 20, 2018 5:41 PM EST

NEW YORK (AP) — Lowe's Cos. reported disappointing numbers for a key sales measure in the third quarter and said it would exit its Mexico operations in its bid to compete better with home improvement leader Home Depot. The home improvement chain said Tuesday it would also exit its contracting service,...

Walmart flexes its muscle against Amazon

Nov. 15, 2018 3:04 PM EST

NEW YORK (AP) — Walmart may be bruised by Amazon, but it's learning how to fight back. The world's largest retailer delivered strong third-quarter results Thursday, extending a streak of sales growth into its 11th straight quarter that was helped by services such as online grocery pickup. It also raised...

JC Penney withdraws profit guidance, cuts sales outlook

Nov. 15, 2018 1:14 PM EST

NEW YORK (AP) — J.C. Penney withdrew its profit guidance and lowered its sales expectations for the year, leading to a big drop in its stock in early trading before shares recovered. Sales at stores open at least a year, a key gauge of a retailer's health, declined 5.4 percent during the third quarter....

Homeowners are spending, Home Depot is winning

Nov. 13, 2018 8:12 AM EST

NEW YORK (AP) — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling. Comparable-store sales, a key indicator of a retailer's health, rose 4.8 percent, but...

Asia shares sag after retreat on Wall St, weaker Japan data

Oct. 18, 2018 12:11 AM EDT

BANGKOK (AP) — Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade. KEEPING SCORE: Japan's Nikkei 225 index sank 0.7 percent to...

Stocks head lower, giving back some of a big rally

Oct. 17, 2018 11:40 AM EDT

NEW YORK (AP) — U.S. stocks are falling Wednesday after their biggest gain in more than six months. Homebuilders are sinking after the Commerce Department said construction of new homes dropped in September, and retailers are also sharply lower. IBM tumbled after it announced disappointing quarterly...

US housing starts sank 5.3 percent in September

Oct. 17, 2018 10:48 AM EDT

WASHINGTON (AP) — U.S. home construction fell 5.3 percent in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market. The Commerce Department said Wednesday that housing starts slipped last month to a seasonally adjusted annual rate of 1.2 million, down from 1.27...

Sears files for Chapter 11 amid plunging sales, massive debt

Oct. 15, 2018 1:43 PM EDT

NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears, which...