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Lowe’s Q2 Up, Company Still Downgrades Financial Targets

lowe's 2020 sales

On August 20, Lowe’s announced second quarter fiscal 2014 results. Although comparable sales were up 4.4 percent for the quarter, the home improvement chain scaled back on full-year financial targets. Sales for the second quarter increased 5.7 percent to $16.6 …

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Home Depot Names Craig Menear CEO

The Home Depot announced that Craig Menear, currently president, U.S. retail, has been named CEO and president, effective November 1, and has been elected to the company’s board of directors, effectively immediately. Current chairman and CEO Frank Blake will remain …

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Amazon’s Mobile POS System

Amazon is ready for a fight in what has become a boxing ring filled with mobile point-of-sale providers. But it might have the early advantage against the reigning heavyweight champ thanks to a generous pricing model for first-time users. Amazon …

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Housing Starts Up in July

Fueled by strong single- and multifamily growth, nationwide housing starts rose 15.7 percent to a seasonally adjusted annual rate of 1.093 million units in July, the highest level since November 2013, according to newly released figures from the U.S. Department …

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Home-Price Gains Slowing in Some Markets

Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of Realtors®. The median …

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Blish-Mize Celebrates Employee Achievement

Employee longevity is a rarity these days, but at Blish-Mize, the company is celebrating just that. Lynn Banks, Gerald Banks, and Galen Banks have each worked in the Blish-Mize distribution center in Atchison, Kan., for more than 40 years. The …

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