Latest The Home Depot Inc News

In this Aug. 27, 2019 photo, the Best Buy logo is shown on a store in Richfield, Minn.  Best Buy Co. reported that online sales more than tripled in the fiscal second quarter, Tuesday, Aug. 25, 2020, as shoppers bought computers, tablets and large appliances to help them cook, work and learn from home during the pandemic.    (AP Photo/Jim Mone)

Best Buy's 2Q online sales surge but challenges remain

Aug. 25, 2020 12:49 PM EDT

NEW YORK (AP) — Best Buy Co. reported that online sales more than tripled in the fiscal second quarter, as shoppers bought computers, tablets and large appliances to help them cook, work and learn from home during the pandemic. Overall, the nation's largest consumer electronics chain, based in Richfield,...

FILE - In this Tuesday, Aug. 4, 2020 file photo, people walk through the parking lot at a Target store in Oklahoma City. Target has reported that its sales as measured by a key metric registered their strongest performance to date for the company’s fiscal second quarter. It's the latest evidence that big-box stores are becoming consumers' prime shopping destinations during the pandemic.  (AP Photo/Sue Ogrocki, File)

Target sales surge as Americans lean on big box stores

Aug. 19, 2020 3:35 PM EDT

NEW YORK (AP) — Target reported the largest quarterly sales growth, including an online sales spike, in its 58-year-history, the latest evidence that Americans are consolidating their trips to big box stores and pivoting their spending to around the home during the pandemic. Target said that online sales...

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. A massive surge in online sales and increased business at its U.S. stores helped push Lowe’s second-quarter performance above analysts’ estimates. Similar to rival Home Depot, Lowe’s Cos. has experienced stronger interest in its products as people continue to stay home amid the virus outbreak.  (AP Photo/Mark J. Terrill, File)

DIY projects ramp up in pandemic, and so do sales at Lowe's

Aug. 19, 2020 11:30 AM EDT

Home improvement retailer Lowe's Cos. became the latest big box retailer to report surging sales during the fiscal second quarter as Americans are finding more ways to improve their home during the pandemic. Comparable store sales in the U.S. spiked 35.1% at Lowe's, and online orders more than doubled. The...

FILE - In this March 31, 2020 file photo, a woman pulls groceries from a cart to her vehicle outside of a Walmart store in Pearl, Miss. Walmart will require customers to wear face coverings at all of its namesake and Sam's Club stores. The company said the policy will go into effect on Monday, July 20, 2020 to allow time to inform stores and customers. (AP Photo/Julio Cortez, File)

Virus-induced spending spurs sales at Home Depot, Walmart

Aug. 18, 2020 3:47 PM EDT

NEW YORK (AP) — Americans turned to Walmart and Home Depot for supplies and do-it-yourself projects as they stayed close to home at a time when new cases of virus surged, resulting in soaring sales for their fiscal second quarter. Walmart's online sales nearly doubled in the fiscal second quarter, helped...

Home Depot aisles are stocked with hurricane supplies as Hurricane Isaias approaches South Florida onFriday, July 31, 2020 in Boynton Beach, Fla. Isaias is forecasted to stay east of the coast but it will bring winds and possible coasting flooding. (Amy Beth Bennett/South Florida Sun-Sentinel via AP)

Path to Home Depot becomes familiar for millions in pandemic

Aug. 18, 2020 9:45 AM EDT

Millions of people forced to work out of the office during the pandemic took on new projects at home and Home Depot is supplying a lot of the DIY material they need. At Home Depot stores open at least a year, sales surged an remarkable 25% in the U.S. during the second quarter, the Atlanta company reported...

This Week: Home Depot, Target results, US home sales

Aug. 17, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: IMPROVE THIS Home Depot reports its second-quarter results Tuesday. The world’s biggest home improvement chain is expected to show that its earnings and revenue increased in the May-July period from a year earlier. Beyond...

FILE - In this Dec. 19, 2018, file photo packages await delivery inside of a UPS truck in Baltimore. United Parcel Service Inc. reported a 13% drop in first-quarter profit, to $965 million, as stay-at-home orders generated deliveries to people’s homes but not enough to offset the higher costs and a drop in business deliveries. UPS said Tuesday, April 28, 2020 that the coronavirus outbreak has created “significant headwinds.” (AP Photo/Patrick Semansky, FIle)

Record surge in daily shipping volumes for UPS in 2Q

Jul. 30, 2020 12:34 PM EDT

The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc. UPS said Thursday that shipments from businesses to U.S. consumers soared 65% in the second quarter, helping lift the delivery giant to a $1.77 billion profit....