Latest The Home Depot Inc News

Holiday season defines winners and losers in retail

Mar. 5, 2019 4:23 PM EST

NEW YORK (AP) — The 2018 holiday season turned out to be a mixed bag for retailers, with some of them defying a gloomy government report in December that raised concerns that shoppers were hunkering down everywhere. Retailers like Walmart, Target and Best Buy that have been responding faster to a more...

A very merry Christmas at Best Buy with sales booming

Feb. 27, 2019 1:51 PM EST

NEW YORK (AP) — Best Buy put up some big holiday sales numbers Wednesday, more evidence that Americans are willing and able to spend on gadgets and big TVs. The nation's largest consumer electronics chain delivered a better-than-expected 3 percent increase in sales at established stores for the fiscal...

Lowe's swings to 4Q loss on charges, anemic housing market

Feb. 27, 2019 7:17 AM EST

MOORESVILLE, N.C. (AP) — Lowe's swung to a loss in its fourth quarter, weighed down by sizeable one-time charges and a lethargic housing market. The home improvement company lost $824 million, or $1.03 per share, for the period ended Feb. 1. That includes $1.6 billion in charges, most from a $952 million...

Asian shares higher as region eyes Trump-Kim summit

Feb. 26, 2019 10:59 PM EST

TOKYO (AP) — Asian shares rose in muted trading Wednesday as investors awaited the outcome of a summit between President Donald Trump and North Korean leader Kim Jong Un in Vietnam. Japan's benchmark Nikkei 225 added 0.5 percent in early trading Wednesday to 21,553.22. Australia's S&P/ASX 200 gained...

Bad weather, real estate market chill Home Depot's sales

Feb. 26, 2019 5:55 PM EST

ATLANTA (AP) — Strains in the nation's housing sector, coupled with nasty weather across the U.S., took their toll on Home Depot's sales in the last few months of 2018. And more disconcerting news about the state of the U.S. housing market could make for a challenging 2019 for the home-improvement giant....

J.M. Smucker and AutoZone rise, Discovery and LGI Homes fall

Feb. 26, 2019 5:08 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Mallinckrodt PLC, up $2.20 to $23.76 The pharmaceutical company beat fourth-quarter profit and revenue forecasts and issued a strong outlook for the year. Tenet Healthcare Corp., up $2.72 to $26.94 The hospital operator's results...