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HD's Menear points to merchandise highlights
ATLANTA — Atlanta-based Home Depot's wind-and-storm aided sales effort in the third-quarter presented several category highlights, according to EVP merchandising Craig Menear.
The company's strong third-quarter performance, which included a 13% net earnings increase and comp-store sales of positive 4.2%, included strength "in the core of the store" and growth in average ticket and transactions.
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Moody’s: Holiday sales to be lackluster, with online sales a bright spot
New York City -- Holiday sales growth will lag behind last year’s robust gains as consumers hold back in an uncertain economy. The roughly 3% growth will be driven by high prices due to inflation, rather than any increase in demand, according to a new report by Moody's Investors Service.