Latest Home improvement store operators News

Russians buy last goods from H&M, IKEA as stores wind down

Aug. 10, 2022 07:40 AM EDT

MOSCOW (AP) — Russians are snapping up Western fashion and furniture this week as H&M and IKEA sell off the last of their inventory in Russia, moving forward with their exit from the country after it sent troops into Ukraine. Sweden-based H&M and Netherlands-based IKEA had...

Walmart Q1 profit dragged down as inflation takes a bite

May. 17, 2022 11:20 AM EDT

NEW YORK (AP) — Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation's largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. The company also on Tuesday cut its...

Home Depot overcomes slow start to year, rising home prices

May. 17, 2022 07:04 AM EDT

Home Depot's first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance. Revenue increased about 4% to $38.91 billion, easily beating Wall Street expectations, according to a survey of analysts by Zacks Investment Research. ...