Lowe’s 4Q Comp Sales Fall 6.2%; Flat Pro Segment
A pull-back in DIY spending, flat Pro customer sales and unfavorable January winter weather impacted Lowe’s comparable sales numbers.
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Pro customer
Home Depot to Add Contractor Design-Oriented Distributor
Construction Resources will allow Home Depot to expand the capabilities it offers professional contractors, a target market for the retailer.
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Home Depot Religns Execs to Boost Pro Offering
In line with The Home Depot’s efforts to grow its underserved Pro market, the retail giant has named two executives to help lead the charge.
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Lowe’s Beats 2Q Profit Expectations, Misses on Sales
Lowe’s reported net earnings of $2.7 billion and diluted EPS of $4.56 for the second quarter, compared to diluted EPS of $4.67 in 2Q 2022.
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Home Depot 2Q Sales Dip as Pro Remains Negative
Lumber deflation and a wet start to spring drove a dip in Home Depot’s sales, just as it did in the first quarter.
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Home Depot’s HD Supply Eyes Deeper MRO Market Penetration
After re-acquiring HD Supply in 2020, The Home Depot reveals plans for the MRO distributor’s role in expanding market reach.
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Home Depot’s Plan to Serve the Untapped Contractor Market
Vesna Brajkovic details how Home Depot targets a market typically served by wholesale distributors with its plans to be a one-stop-shop for complex contractor projects.
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Lowe’s Appoints New Pro & Home Services Leader
Lowe’s has named Quonta Vance as Executive Vice President of two of the company’s key growth areas: Pro and Home Services.
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Home Depot, Lowe’s Ready for Pros’ Shrinking Project Sizes
Lowe’s reports a more positive outlook on Pro customer sales as projects shrink and Pros work through backlogs.
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