Home Depot Inc. said Tuesday the home-improvement market could weaken this year, if consumer spending keeps shifting toward services from goods, and if inflation continues to affect demand. The home-improvement giant HD, -7.06% expects fiscal 2023 net sales and same-store sales to be about flat with last year, however, because […]
demand
The sudden drop in consumer demand after more than a year of explosive buying has caught many in the furniture industry flat footed and left retailers and manufacturers with excessive inventory challenges. While the industry is universally affected, the impact varies greatly from one retailer to another and from one […]
National Retail Federation CEO Matt Shay discusses the surge in retail sales and weighs in on inflation and labor shortages. U.S. home improvement chain Lowe’s Cos Inc lifted its full-year sales and profit forecast on Wednesday, as home improvement retailers benefit from resilient demand for tools and building materials. Lowe’s […]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/K3KLNLSLWZM4BEZPZMZFBANEOE.jpg "Lowe’s optimistic on home improvement demand despite rising interest rates")
Feb 23 (Reuters) – Lowe’s Cos Inc (LOW.N) on Wednesday raised its full-year sales and profit forecasts and offered an optimistic outlook for home improvement demand in the United States in the face of rising mortgage rates. A strong U.S. housing market since the pandemic began propelled sales at Lowe’s […]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RTSBFNVZZZI3XCFOGZDEZUWKNQ.jpg "Cooling home improvement demand may pressure Home Depot, Lowe’s 2022 sales")
Customers browse among the decking supplies aisle in a Home Depot store in Toronto, Ontario, Canada March 21, 2021. REUTERS/Chris Helgren/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 18 (Reuters) – Home Depot Inc (HD.N) and Lowe’s Cos Inc (LOW.N) may warn of a slowdown in […]
