Latest Home improvement store operators News

California businesses face reality of electrical outages

Oct. 10, 2019 4:56 PM EDT

SONOMA, Calif. (AP) — Retailers and other businesses, from hardware chains to coffee shops, are dealing with a new economic reality of electrical outages in Northern California. Many struggled to keep their businesses open on the second day after the nation's biggest utility Pacific Gas & Electric cut...

The Latest: PG&E cuts power in San Francisco Bay Area

Oct. 10, 2019 2:35 AM EDT

SAN FRANCISCO (AP) — The Latest on power outages in California (all times local): 11:30 p.m. Pacific Gas & Electric has begun shutting off power to the San Francisco Bay area, adding more than 200,000 customers to a sweeping blackout that already has left a million people in the dark. The utility said...

Ellison's home improvement at Lowe's is paying off

Aug. 21, 2019 2:57 PM EDT

Lowe's blew past second quarter profit expectations, buoyed by strong demand for spring goods and sales to contractors. Even though the home improvement retailer wrestled with lower lumber prices and rough spring weather, CEO Marvin Ellison said Lowe's saw growth in same-store sales across the U.S. "Our...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...

Execs starting to worry about tariffs' effects on consumers

Aug. 20, 2019 4:38 PM EDT

Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's largest home improvement chain, said as much on Tuesday, when it reported...