First-quarter earnings data is out for The Home Depot, Lowe’s Companies, Inc., Ace Hardware Corp. and True Value Co., and the numbers are up for the big-box retailers and the co-ops.
Home improvement businesses aren’t suffering the same slumps as clothing stores and other retail segments, Steven Russolillo writes for The Wall Street Journal.
“Helping matters, home-improvement retailers haven’t felt the full brunt from Amazon.com Inc. and other online retailers, who continue to swipe share from department and apparel stores,” he says.
Growth in the housing market and consumers’ growing “willingness to spend on home-improvement projects” have been good for the big boxes, and homeowner habits are good for the industry, as well, he says.
“And with more people moving more now thanks to appreciating home values and low mortgage rates, they are also spending more to refurbish dwellings,” Russolillo says.
Check out the following articles for individual looks at each company’s latest financial reports: