Home Depot Inc (HD.N), the world’s largest dwelling improvement chain, will close all seven of its massive field shops and minimize 850 jobs in China because the retailer changes its focus in the Chinese market to online and specialty stores and turns into the latest retailer to really feel the coolness from China’s slowing economic system.
The house enchancment sector has suffered as customers pull again on spending on home renovations within the face of falling residence values, lower sales and tighter credit requirements. Analyses key performance and operational metrics to be able to benchmark in opposition to your personal business, that of your customers’ businesses, or your competitors’ companies. Analysts on average had anticipated earnings of 91 cents per share on revenue of $15.62 billion, in keeping with Thomson Reuters I/B/E/S. Ikea said it will open new shops in Sheffield in northern England later this year and Exeter within … Read more