Tag: Home Depot Inc

How stock-market investors can make sense of supply-chain chaos

A stunning backlog of ships and stacks of shipping containers at major ports aren’t something investors can ignore, but they should think twice before assuming widespread bottlenecks represent a classic supply shock. “The supply shortages are happening in the context of the highest level of global manufacturing output ever seen,” said Brian Nick, chief investment strategist at […]

Read More

Home Depot hires Walmart delivery drivers to drop off paint and more to customers’ doors

Walmart and Home Depot Kena Betancur | VIEWpress | Getty Images; Scott Mlyn | CNBC Home Depot is hiring Walmart to deliver paint, tools and other online purchases to customers’ doors. The two retailers announced the partnership Wednesday. The companies declined to share terms of the deal or the length of the contract. The home […]

Read More

Lowe’s earnings beat estimates, as home professionals help drive growth

Lowe’s outpaced earnings estimates on Wednesday, as sales of home decor and the growth of its home installations and professional business helped drive sales in the second quarter. Shares rose more than 7% early Wednesday. CEO Marvin Ellison said demand for kitchen, bath, flooring and appliances remains strong, but the home improvement retailer has noticed a […]

Read More

Dow futures fall slightly after 30-stock average snaps 5-day winning streak

Dow futures slipped slightly in overnight trading on Tuesday after the 30-stock average snapped a 5-day winning streak in the regular session. Dow futures fell 50 points. S&P 500 futures dipped 0.1% and Nasdaq 100 futures dropped 0.15%. On Tuesday, the major averages dipped following a decline in retail sales. The Dow Jones Industrial Average […]

Read More

As e-commerce sales proliferate, Amazon holds on to top online retail spot

Justin Sullivan | Getty Images As Amazon prepares for its annual Prime Day megasale, its reign as the biggest online retailer in the country is eye-popping: It’s projected to be raking in more than 40% of the nation’s e-commerce sales by the end of 2021. Amazon’s dominance on the internet has only grown as shopping […]

Read More

Target sales jump 23% as exclusive brands, curbside pickup draw in shoppers

Shoppers at a Target store in New York. Scott Mlyn | CNBC Target said Wednesday fiscal first-quarter sales rose 23%, as investments it made in exclusive brands and services like curbside pickup strengthened customer loyalty and kept them coming back. Yet the retailer said it’s benefiting from a reopening economy and busier social calendars, too: […]

Read More

Home Depot crushes estimates, its sales jump 32.7% as customers rang up bigger purchases

Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot on Tuesday crushed Wall Street’s earnings estimates as consumers spent more money at the retailer this quarter. Here’s what the company reported compared […]

Read More