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Home Deport surges amid higher-than-expected sales, profit
The Home Depot is closing in on the $100 billion mark in annual sales.
The Atlanta-based retailer posted a 6.4% increase in same-store sales in the United States, and 5.8% overall, for the quarter ended Jan. 29.
CEO Craig Menear credited merchandising mix and digital prowess for the chain’s better-than-expected fourth quarter performance, which saw sales increase to $22.2 billion in the fourth quarter, up 5.8% from 21.0 billion in the same quarter last year.
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VF Corp. sales slip in Q4
An inconsistent U.S. marketplace and the sale of one of its business units contributed to lower fourth quarter sales for VF Corp. The company, whose brands include The North Face and Timberland, reported that its net sales fell 0.1% to of $3.2 billion, for the quarter ended Dec. 31, 2016. Total revenue came in at $3.3 billion, down 0.2%.