Why Lowes is closing stores and slashing inventory

Lowes is slimming down to better compete with Home Depot.

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14 Related Articles from 2018-08-14

As homeowners catch up on projects after bad spring weather, Home Depot profit soars. Homeowners looking to spruce up their residences and catch up on gardening projects postponed by poor spring weather buoyed Home Depot's second-quarter profit and sales, the company reported Tuesday. >>

Consumers spent big at Home Depot. Home Depot's spring marked a dramatic turnaround from its ugly winter. >>

Home Depot is the better company, Lowe's is the better stock, says Oppenheimer's Nagel. Brian Nagel, Oppenheimer and Co. senior equity retail analyst, joins the 'Squawk Box' team to discuss Lowe's quarterly earnings. >>

Home Depot profit soars as homeowners catch up on projects after bad spring weather. Homeowners looking to spruce up their residences and catch up on gardening projects postponed by poor spring weather buoyed Home Depot's second-quarter profit and sales, the company reported Tuesday. >>

Home Depot Raises the Roof. The home-improvement retailer bucks the trend of slowing housing sales, benefiting from home improvements by people who are staying put. >>

Home Depot rising after beating top and bottom line. Home Depot announces its quarterly earnings. >>

Home Depot roars back the second quarter. Home Depot raised profit and revenue expectations for the year and bounced back during the second quarter >>

Home Depot second-quarter sales bounce back, results top estimates. Home Depot Inc's profit and revenue topped estimates on Tuesday despite signs of a slowdown in the housing market, boosted by a rebound in demand for seasonal products and as shoppers spent more to remodel their homes. >>

Home Depot shares up on strong second-quarter sales, profit and upgraded full-year outlook. Home Depot saw sales and profit rise in the second quarter in a rebound from a slow first quarter. >>

Home price appreciation and weather helped Home Depot's earnings, says analyst. Brian Nagel, Oppenheimer and Co senior equity research analyst, joins the 'Squawk Box' team to discuss Home Depot's quarterly earnings. >>

Lowe's new chief shuts Orchard stores, promises streamlining. Lowe's Cos Inc on Wednesday promised to cut back slow-moving products and unsuccessful business projects as new Chief Executive Marvin Ellison seeks to turn around a company that has trailed bigger rival Home Depot for years. >>

UPDATE 1-Home Depot's second-quarter sales rebound, shares rise. Home Depot Inc's second-quarter sales at established stores beat Wall Street forecasts, boosted by a rebound in demand for seasonal merchandise. >>

UPDATE 4-Home Depot 2nd-quarter sales bounce back, results top estimates. Home Depot Inc's profit and revenue topped estimates on Tuesday despite signs of a slowdown in the housing market, boosted by a rebound in demand for seasonal products and as shoppers spent more to remodel their homes. >>

Why Home Depot stock is down despite earnings beat. Joe Feldman, Telsey Advisory Group analyst, discusses future outlook for Home Depot and other home improvement stocks. >>

CNN: Why Lowes is closing stores and slashing inventory

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14 Related Articles from 2018-08-14