• Home Improvement

    Making home improvement simpler: Lowe’s app tool is for do-it-yourself plans

    MOORESVILLE – Lowe’s will release a new end-to-end technology product within its mobile app on the latest iOS devices equipped with a LiDAR sensor, with the goal of simplifying do-it-yourself home projects. LiDAR is definied as a detection system which works on the principle of radar, but uses light from a laser, according to Oxford Languages. “We can all agree, home improvement can be really complex,” Joshua Shabtai, senior director, ecosystem, at Lowe’s Innovation Labs, a part of Lowe’s, told WRAL TechWire in an interview this week.  “It generally can’t move forward without more information.” That’s where the company’s new  

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  • Home Improvement

    Lowe’s (LOW) earnings Q2 2021 beat projections

    Lowe’s shares soared Wednesday after the company reported better-than-expected earnings and raised its sales forecast, as its attempt to win business among home professionals gained traction and consumers looked to tackle bigger home projects. The home improvement retailer said it anticipates $92 billion in revenue this year, up from a prior forecast of $86 billion. Shares closed Wednesday up 9.59% to $199.73. Lowe’s has picked up sales over the past year as consumers bought new houses, renovated kitchens and took on do-it-yourself projects while stuck at home during the pandemic. As consumers get vaccinated and become more mobile again, however,  

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  • Home Improvement

    Lowe’s Stock Rode the Housing Boom. Now It May Be Ending.

    Text size Strong results last year set a tough basis for comparison at home-improvement retailers. Justin Sullivan/Getty Images The home-improvement trend that has lifted stocks such as Lowe’s and Home Depot may be on its last legs. Analysts at Wedbush Securities expect changes in household spending will hurt both companies. The brokerage downgraded Lowe’s stock (ticker: LOW) to Neutral from Outperform on Monday, while maintaining their Neutral rating on Home Depot shares. Not only are fewer households looking to outfit home offices than at this time last year, turnover in the market for existing homes has peaked, according to the  

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  • Home Improvement

    Home Depot, Lowe’s turn focus to home professionals to propel growth

    Home Depot has a flatbed distribution center in the Dallas area. It is opening more of the facilities across the country to help fulfill home professionals’ large orders. Melissa Repko, CNBC In a giant warehouse in Dallas, a fleet of forklifts carries big and bulky home improvement supplies from drywall and concrete to lumber. Box cars cut though the giant facility on a rail line. Trucks pull up, ready to be loaded. Home Depot’s facility — which could fit about 14 professional football fields— is helping the company speed up the replenishment of store shelves and deliver purchases to customers’  

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  • Home Improvement

    Sam’s Club getting into home improvement business, competing with Home Depot, Lowe’s

    Check out what’s clicking on FoxBusiness.com. Walmart-owned Sam’s Club is trying to nab a share of the home improvement market amid the busiest season for renovations.  It’s a market that’s currently dominated by other heavy hitters in the industry although the two biggest names, Lowe’s and The Home Depot, only account for 30% of it, according to Liz Suzuki, senior hardlines retail analyst at Bank of America Securities. Ticker Security Last Change Change % WMT WALMART, INC. 138.39 -1.58 -1.13% LOW LOWE’S COS., INC. 186.44 -1.60 -0.85% HD THE HOME DEPOT, INC. 304.19 -2.57 -0.84% CLICK HERE TO READ MORE  

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  • Home Improvement

    Home Depot and Lowe’s have 30% share of a home improvement market that’s heading toward $1 trillion

    Home Depot Inc. and Lowe’s Cos. are two of the biggest names in all of U.S. retail, but they only have about 30% market share in the category, according to data provided by Bank of America. Analysts led by Liz Suzuki say Home Depot HD, -1.15% and Lowe’s LOW, -0.42% “command about 17% and 12% market share, respectively, in what remains a relatively fragmented industry.” The two retailers have notable advantages over smaller competitors, hardware stores and others in the category, including e-commerce capabilities and access to inventory. Bank of America expects the two companies to continue to make gains. 

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