Home Depot

Supermarket anchors offer wide range of products and services

Grocery retailers have always served as ideal shopping center anchors, as they guarantee extra foot traffic by providing consumers with their daily needs.

Thanks to some financial engineering, Sears Holdings overcame a double digit decline in same store sales to produce a second quarter profit or a less severe loss depending on the arithmetic used.

Lowe’s was hoping not to be outshined by Home Depot’s strong financial results, but hopes turned into missed opportunities Wednesday as Lowe's reported disappointing profit growth.

For the second quarter ended July 31, Lowe’s had earnings of $1.13 billion, up from $1.04 billion in the same quarter last year. On a diluted basis, earnings were $1.20 a share, 4 cents below analysts’ estimates. Home Depot reported a much higher profit on Tuesday.

The world's largest home improvement chain is benefiting from Americans spending more on their homes than on their wardrobes, as Home Depot reported record sales and earnings in the second quarter.

Atlanta – A continuing recovery in the U.S. housing market helped The Home Depot Inc. exceed Wall Street projections for net income and sales during the second quarter of fiscal 2015. Net income rose 9% to $2.23 billion, from $2.05 billion the prior-year period.

Plano, Texas -- While it’s way too early to start popping the champagne, J.C. Penney Co. has to be pleased about its second quarter financial results, which topped analysts expectations and suggested that the company’s turnaround is in progress.

Lowe’s is giving an overhaul to its store format strategy when it opens in New York City this week. 

Atlanta - Gerard J. Arpey, former CEO of American Airlines, has been named to the board of directors of The Home Depot Inc. Arpey will serve on the company's Finance Committee and its Nominating and Corporate Governance Committee.