News: Home Depot Inc (HD)
23 Apr 2014
Thu, Apr 17 2014
April 17 - The following corporate finance-related stories were reported by media:
April 17 - Home Depot Inc is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials, the Wall Street Journal reported.
LONDON - Kingfisher , Europe's No. 1 home improvement retailer, set out plans for a multi-million pound programme of extra rewards for shareholders, underscoring the strength of its recent performance and helping lift its shares to a 14-year high.
- Lowe's Cos Inc reported strong growth in quarterly sales on Wednesday, showing that the No. 2 U.S. home improvement retailer was narrowing the gap with market leader Home Depot Inc .
* Shares rise more than 6 pct (Adds details about Home Depot quarter, updates with closing share price)
- Lowe's Cos Inc reported strong growth in quarterly sales, showing that the No. 2 U.S. home improvement retailer was narrowing the gap with market leader Home Depot Inc.
* Shares rise more than 6 pct (Adds CEO comments from conference call, housing data, updates shares)
(Corrects last paragraph to say Lowe's shares rose about 34 percent in the past year, not 25 percent)
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