-
Report: Home Depot rolling out PayPal chainwide
New York City -- The Home Depot is expanding its use of PayPal, the online payment service of eBay, from the 51 stores in the pilot program to all of the home improvement retailer’s stores, Dow Jones Newswire reported.
Don Kingsborough, PayPal VP for retail and prepaid products, said PayPal should be available at all of Home Depot's approximate 2,000 U.S. locations by the end of next month, according to the report.
-
Lowe’s Q4 profit up 13%, to open 10 stores in 2012
Mooresville, N.C. -- Lowe’s Cos. reported Monday that profit for the quarter ended Feb. 3 rose 13% to $322 million, compared with $285 million a year earlier. Results topped Wall Street expectations and demonstrated an upward consumer swing in home-improvement projects.
Quarterly sales increased 11% to $11.6 billion from $10.5 billion, beating analysts’ expectations of $11.35 billion in revenue. Same-store sales rose 3.4%.