NEW YORK (Reuters) – No. 2 U.S. residence enchancment chain Lowe’s Cos Inc ( LOW.N ) reported weaker similar-retailer gross sales versus bigger rival Home Depot, and issued a lackluster earnings forecast after dropping market share within the home equipment phase.
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Gap Inc ( GPS.N ) final week affirmed a plan introduced in June to shut 200 of its 889 namesake U.S. stores, whereas luxury retailer Saks Inc SKS.N has closed seven of its department shops up to now two years and plans to finally shut a number of extra over time. Paint your property with stunning Sherwin-Williams sixteen designer impressed coloration collections now on sale at Lowe’s.
Net income at Lowe’s rose to $285 million, or 21 cents a share in the fourth quarter from $205 million, or 14 cents a share, a 12 months in the past. Analysts, on average, were anticipating 18 cents a share, in line with Thomson Reuters I/B/E/S. For a restricted time Lowe’s has offers on window therapies! Visit right this moment and save 20% off customized particular order Graber Blinds and Shades! No promo code wanted.