Home Depot Inc : The Home Depot announces fourth quarter and fiscal 2016 results; . Q4 earnings per share $1.44 . Q4 sales $22.2 billion versus I/B/E/S view $21.81 billion . Q4 earnings per share view $1.34 -- Thomson Reuters I/B/E/S . Home Depot Inc - comparable store sales for q4 of fiscal 2016 were positive 5.8 percent . Sees 2017 sales growth of approximately 4.6 percent . Home Depot Inc - sees FY comparable store sales growth of approximately 4.6 percent . Home Depot Inc - sees six new stores for fiscal 2017 . Sees 2017 diluted earnings-per-share growth after anticipated share repurchases of approximately 10.5 percent, or $7.13 . Home Depot Inc - sees FY gross margin decrease of approximately 15 basis points . Sees 2017 capital spending of approximately $2.0 billion . Home Depot Inc - for fiscal 2017 sees share repurchases of approximately $5.0 billion . Home Depot Inc - increases quarterly dividend by 29 percent . Fy earnings per share view $7.17, revenue view $98.45 billion -- Thomson Reuters I/B/E/S . Home Depot Inc - targeted dividend payout ratio will be increased from 50 percent to 55 percent of net earnings . Home Depot Inc - announces $15 billion share repurchase authorization .Home Depot Inc - board of directors declared a 29 percent increase in quarterly dividend to $0.89 per share.
Lowe's Companies Inc : LOWE'S HIRING MORE THAN 45,000 CUSTOMER-FACING ROLES . IN-STORE SEASONAL POSITIONS INCLUDE CASHIERS, LAWN AND GARDEN ASSOCIATES, STOCKERS AND ASSEMBLERS OF OUTDOOR PRODUCTS . HIRING IS UNDERWAY AND WILL TYPICALLY SUPPORT STORES BETWEEN MONTHS OF MARCH AND SEPTEMBER .THE 45,000 SEASONAL EMPLOYEES SUPPLEMENT CO'S MORE THAN 235,000 U.S. STORE EMPLOYEES.
Clas Ohlson AB:Says taking next step in optimising UK store network.Says closure of five stores are confirmed.Says cost related to restructuring of UK store network is estimated to 107 million Swedish crowns, being booked as a non-recurring item in Q4 2015/16.Says yearly savings is estimated to 70 million crowns when in full effect as of FY 2017/18.Says plan is to open an additional one to two stores in London area during FY 2016/17.Says planning to close a total of seven store locations during FY 2016/17.
Watahan & Co Ltd:Announces merger between two Nagano-based wholly owned subsidiaries on April 1.The subsidiary engaged in sale of architecture and civil engineering, construction materials will remain.The subsidiary engaged in manufacture of steel structure will dissolve.
Dong Yi Ri Sheng Home Decoration Group Co Ltd:Says its Langfang-based wholly owned subsidiary to merge with its Beijing-based wholly owned subsidiary on Oct. 31.Says the Beijing-based wholly owned subsidiary to be dissolved after the transaction.
Kingfisher PLC:To close 60 B&Q stores in Britain over the next two years at a cost of 350 million pounds ($517 million), saying it has too many shops for the size of the market - Reuters.The B&Q closures would incur the company an exceptional charge of 350 million pounds, mainly related to lease provisions over two years.