SAN FRANCISCO/MELBOURNE Lowe’s Companies Inc (LOW.N), the No. 2 U.S. home enchancment chain, is making its first foray outdoors North America via a joint venture with Woolworths Ltd (), Australia’s largest retailer.
A rise in demand for swimwear and digital objects such because the Nintendo Switch gaming console in addition to the strong performance of its smaller-format shops helped the company beat Wall Street’s muted profit and gross sales estimates. Though the collapsing housing market has hurt demand for bigger-ticket installed projects, Home Depot spokesman Ron DeFeo stated the decision center’s closure was meant to make the installation process extra environment friendly by giving clients one native point of contact instead of multiple ones.
Last week, Suning Appliance introduced the launch of a network of tremendous stores to offset sluggish progress in its core business in China. The super shops will sell home home equipment, basic merchandise, books, and daily … Read more
Allied Home Mortgage is suspended from originating or underwriting mortgages insured by the Federal Housing Administration.
WASHINGTON New U.S. single-family home gross sales rose lower than expected in January, likely held back by heavy rains and flooding in California, but continued to level to a strengthening housing market regardless of increased costs and mortgage rates.