Content about Home Centers

May 21, 2013
Home Depot keeps rolling in first quarter

Atlanta-based The Home Depot reported first-quarter sales of $19.1 billion, up 7.4% from last year's quarter, which had one less week. 

On a like-for-like basis, comparable-store sales for the first quarter were positive 4.3%. U.S. stores comps were positive 4.8%, also on a like-for-like basis.

May 22, 2013
Home Depot's best-seller list

The Home Depot's top merchant had a lot more good news than bad news to share with investors regarding the retailer's first quarter performance.

"We are pleased with our performance in the first quarter with strength in our business across the breadth of the store," said Craig Menear, executive VP merchandising. The only departments with negative comp-store sales were indoor and outdoor garden -- the result of unusually cold weather in parts of the country, he said.

May 22, 2013
Lowe's sales feel the chill in Q1

Mooresville, N.C.-based Lowe’s reported net earnings of $540 million for the quarter ended May 3, 2013, a 2.5% increase over the same period a year ago. 

Sales for the quarter decreased 0.5% to $13.1 billion from $13.2 billion in the year-ago quarter. Comparable-store sales for the quarter decreased 0.7%. 

May 6, 2013
Fiberon railing line hits Lowe’s stores

An Earth Day announcement brings HomeSelect composite railing line to Lowe’s stores.

April 19, 2013
Lowe’s releases responsibility report card

The retailer’s Corporate Social Responsibility Report Card covers education, environment and more.

April 8, 2013
Home Depot, Martha Stewart unveil how-to video series

The series will consist of three unique videos per week, released via e-newsletter, and hosted on the Martha Stewart Video Hub, Homedepot.com, Aol.com and Yahoo Screen.

April 5, 2013
Valspar expands Pro Paint Program at Lowe's

The effort brings a line of Valspar Pro and dedicated in-store service to more than 1,700 Lowe’s retail locations, according to the manufacturer's announcement.

April 4, 2013
Menards grand openings set for April 9

Not far from St. Louis in St. Peter's, Mo., and O'Fallon, Ill., two new Menards stores will open Tuesday.

April 3, 2013
Home Depot prepares for Spring Black Friday

The world’s largest home improvement retailer plans to boost spring traffic with “Black Friday” prices.

April 2, 2013
Home Depot settles VOC suit

The Home Depot said it reached a tentative agreement in March to settle California lawsuits related to the sale of paints and coatings.

March 15, 2013
Home Depot CEO on the gradual housing recovery

In a wide-ranging interview on CNBC, Home Depot CEO Frank Blake said he expects 2013 sales growth to be about the same as 2012.

March 14, 2013
Lowe’s CEO embraces dead-net pricing

One of the ways Lowe’s says its competing in the price wars -- especially with Internet retailers -- is a merchant mind-set of “dead net pricing.”

March 13, 2013
Menards eyes St. Louis area

An article in the St. Louis Post-Dispatch examines the Midwest retail giant’s expansion around St. Louis.

March 12, 2013
In a shift, Lowe's targets men in ad

According to an article in the New York Times, a family/female approach to TV spots gets a dose of testosterone.

March 8, 2013
Lowe’s hires new chief for Mexico

Lowe’s named José Luis Pier Castelló as president/general director of Lowe’s Mexico, effective March 15. He replaces Francisco Fernandez, who has left the company.

March 6, 2013
Lowe's earns energy accolades

The U.S. Environmental Protection Agency (EPA) has named Lowe’s winner of the Energy Star Partner of the Year – Sustained Excellence Award for the fourth consecutive year.

March 5, 2013
Stadium sheds Home Depot, adopts StubHub

A Carson, Calif., soccer stadium, once called the Home Depot Center, is now the StubHub Center.

February 27, 2013
Home Depot's top merchant points to Q4 winners

Craig Menear describes best sellers, including Hurricane-Sandy-related items in the Northeast.

February 26, 2013
Home Depot net earnings jump 31.9%

The world’s largest home improvement retailer posted fourth-quarter earnings in excess of $1 billion.

February 26, 2013
Home Depot vs. Lowe’s: Q4 comparison

On Tuesday, Lowe’s reported its fourth-quarter financial results. On Wednesday, it was Home Depot’s turn. How do the two home center giants compare?

February 25, 2013
Lowe’s posts mixed results for fourth quarter

Comp-store sales were up at the No. 2 home center chain, but fourth-quarter sales and earnings declined.

February 21, 2013
Lowe's appoints new VP

Lowe’s announced that Lara Lee will join the company as SVP customer experience design, effective Feb 25.

February 12, 2013
Lowe's, Rebuilding Together partner to repair Phoenix homes

Rebuilding Together has teamed up with Lowe's through its Community Partners program to provide free home repairs to four low-income homeowners and to support the Friendly House in the Central City neighborhood of Phoenix on Feb. 20 and 21.

February 11, 2013
Lowe’s adjusts its international executive lineup

Lowe’s has named Sylvain Prud’homme as president of Lowe’s Canada, effective March 25. He replaces Alan Huggins, who is returning to the United States as Lowe’s VP international operations.

February 11, 2013
Lowe’s officially proposes Cape Cod store

Facing a potential public relations battle, the retail chain promotes plans for the smallest Lowe’s in New England.

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