Highlights
A collection of news and information related to Lowe's Companies Incorporated published by Tribune Company sources.
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Big-box stores cash in on trees
The Associated PressAs Christmas traditions go, this one's big. Every year, the Proeber family traipses through the fields of central Illinois searching for the perfect Christmas tree before breaking out the saw, tying their selection to the roof of their car and hauling it...Tags: Homes, Holidays, Forestry and Timber, Illinois, Sales
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The week ahead
Chicago TribuneMonday: --October existing-home sales --Earnings: Analog Devices Inc.; Campbell Soup Co.; Donaldson Co.; Hewlett-Packard Co. Tuesday: --Third-quarter gross domestic product --November consumer confidence --September Case-Shiller home price index --...Tags: Gap Inc., Economic Indicator, Medtronic Incorporated, Saks Incorporated, Woodward Governor Company
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Stocks drop on financial job losses
Wall Street finished sharply lower yesterday as investors pored over more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 points,...Tags: Target Corporation, Ford Motor Co., General Motors Corp., Citigroup Incorporated, Federal Reserve
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Expect more market swings as jumpy investors try to gauge jobs
The Associated PressThe stock market is trying to form a bottom, but the economic landscape keeps changing. With the Treasury switching its financial-bailout plans and Congress fighting over a potential rescue package for automakers, expect more wild swings in the market...Tags: Richard Shelby, Financial and Business Services, Economic Indicator, Consumers, Federal Reserve
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Earnings at Lowe's beat expectations
The Associated PressLowe's Cos. Inc. posted better-than-expected third-quarter results Monday, even as profit slid more than 24 percent because shoppers postponed big-ticket purchases amid growing economic uncertainty. The nation's No. 2 home improvement chain said it...Tags: Deutsche Bank AG, House and Home, Sales, Home Depot Incorporated
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Lowe's reports 24% profit loss in 3Q
Lowe's Cos. said its third-quarter profit fell 24 percent as consumers postponed home-improvement projects and big-ticket purchases as an all-but-certain recession looms. But despite the grim figures, the results still beat Wall Street's expectations....Tags: House and Home, Sales, North Carolina
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Target to cut prices after weak quarter
From Tribune news servicesFrom Tribune news services Target Corp. said Monday that it will aggressively cut prices to give consumers bargains during the holiday season, after weak sales of its apparel and home offerings led fiscal third-quarter earnings to fall 24 percent....Tags: Target Corporation, Wal-Mart Stores Inc., Sales, Home Depot Incorporated
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Profits sag at Target, Lowe's
The Associated PressTarget Corp. said Monday it will aggressively cut prices to give consumers bargains during the holiday season, after weak sales of its apparel and home offerings led third-quarter earnings to fall 24 percent. The discount retailer also said sales in...Tags: Target Corporation, Wal-Mart Stores Inc., Sales, Home Depot Incorporated, North Carolina
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Home Depot 3rd-quarter profit drops 31 percent on slow sales, still sees 2008 profit drop
AP Retail WriterCHICAGO (AP) _ Home Depot Inc. gave investors a welcome surprise Tuesday, posting a better-than-expected third-quarter profit and offering Wall Street a second straight day of good news for the battered home improvement sector. But the 31 percent drop in...Tags: Financial Markets, Earnings, House and Home, California, Credit Ratings
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Holiday hiring highly competitive
Associated PressThe odds of landing a part-time job at department store operator Bealls Outlet Stores Inc. this holiday season are slimmer than getting into Harvard: roughly 1 out of every 45 applicants, compared with about 1 in 15 at the college. From department stores...Tags: Consumer Goods Industries, Florida, Employment, UPS Inc., Colleges and Universities
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Sales of safes grow as economy slides
From the Associated PressAfraid that cash isn't secure even behind the thick walls of banks, more people are turning to something that has protected money since the days of Jesse James and Bonnie and Clyde: safes. The metal vaults are so popular in some parts of the country that...Tags: Metal and Mineral, Honeywell International Incorporated, Sales, Jesse James, Home Depot Incorporated
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Some Cold, Hard Facts If You're Shopping For A Freezer
Chicago TribuneSales of freezers are up. That's the news from Mike Goodwin, merchandising director of appliances/food preservation for Lowe's Companies Inc., which operates more than 1,575 home-improvement stores across the U.S. and Canada. Goodwin attributes the rise...Tags: Electrical Appliance, Energy Saving, North Carolina
Dec 1, 2008
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