Wednesday, May 18, 2016

Why Home Depot's Sales Are Soaring, While Rest of Retail Struggles

At a time when many retailers are struggling to connect with fickle shoppers, Home Depot reported yet another quarter of stunning sales growth, exceeding analysts’ expectations. In part due to the unseasonably warm winter, the world’s largest home improvement retailer on Tuesday reported a $1.9 billion increase in total sales. And, same-store sales – a key retail metric that tracks existing store sales – jumped 7.4% in the U.S.

Total sales grew 9% to $22.8 billion while net earnings totaled $1.8 billion, up from $1.6 billion the prior year. All of those figures also exceeded Wall Street’s expectations.. . . more

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