Latest Home improvement store operators News

FILE - In this Aug. 27, 2019 file photo, the Best Buy logo is shown on a store in Richfield, Minn.  On Tuesday, Nov. 24, 2020, Best Buy Co. reported fiscal third-quarter results that blew through analysts’ expectations as the nation’s largest consumer electronics retailer  saw surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the pandemic.   (AP Photo/Jim Mone)

Best Buy reports 3Q results that exceed Wall Street views

Nov. 24, 2020 11:42 AM EST

NEW YORK (AP) — Best Buy Co. reported fiscal third-quarter results that blew through analysts' expectations as the nation's largest consumer electronics retailer enjoyed surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the...

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. Lowe's announced Wednesday, Oct. 7, 2020 that it is handing out another round of bonuses to recognize its front-line employees in light of the COVID-19 pandemic. (AP Photo/Mark J. Terrill)

Sales surge at Lowe's as the homebound take on more projects

Nov. 18, 2020 12:22 PM EST

Lowe's sales surged in the third quarter more people took on projects at home during the epidemic. Shares, however, slumped 6% Wednesday on an outlook that some saw as pessimistic. Revenue increased to $22.3 billion from $17.4 billion a year ago. That beat the $21.08 billion that analysts surveyed by Zacks...

FILE - In this April 3, 2020 file photo, a Home Depot customer pushes a cart loaded with supplies in New York. Home Depot is buying HD Supply Co.,  a distributor of maintenance, repair and operations products in the multifamily and hospitality end markets, in a deal valued at about $8 billion. The transaction is expected to close during Home Depot's fiscal fourth quarter. (AP Photo/Mark Lennihan, File)

Isolated Americans spend at home; Home Depot is there for it

Nov. 17, 2020 7:56 AM EST

As the year comes to a close Americans are still stuck at home and that has led to an explosive year for Home Depot. The most recent quarter is no exception. Third-quarter sales surged 23% and the home improvement chain beat expectations by almost any measure. Revenue totaled $33.54 billion for the three months...

FILE - In this April 3, 2020 file photo, a Home Depot customer pushes a cart loaded with supplies in New York. Home Depot is buying HD Supply Co.,  a distributor of maintenance, repair and operations products in the multifamily and hospitality end markets, in a deal valued at about $8 billion. The transaction is expected to close during Home Depot's fiscal fourth quarter. (AP Photo/Mark Lennihan, File)

Home Depot reunites with HD Supply in deal valued at $8B

Nov. 16, 2020 11:22 AM EST

Home Depot is reuniting with former subsidiary HD Supply, buying the company in a deal valued at about $8 billion. The acquisition will give Home Depot a stronger hand in the contractor and professional side of its business, which is booming during the pandemic, just like its more consumer facing, DIY sales. HD...

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. Lowe's announced Wednesday, Oct. 7, 2020 that it is handing out another round of bonuses to recognize its front-line employees in light of the COVID-19 pandemic. (AP Photo/Mark J. Terrill)

Lowe's to hand out another round of bonuses worth $100M

Oct. 7, 2020 3:22 PM EDT

MOORESVILLE, N.C. (AP) — Lowe’s Cos. announced Wednesday that it is handing out another round of bonuses to recognize its front-line employees in light of the COVID-19 pandemic. A news release from the company said all full-time hourly workers will get $300, and part-time and seasonal employees...