Many Home Improvement Stores Report Large Gains

An increasing number of homeowners are able to make repairs or updates to their homes according to the surge in home improvement sales. Home improvement retailers posted large gains in the second quarter of 2013. Home Depot reported a profit of $1.8 billion, with a 9.5% jump in sales averaging $22.5 billion. Home Depot’s chairman & CEO, Frank Blake said, “the second quarter results exceeded our expectations as our business benefited from a rebound in our seasonal categories, continued strength in the core of the store and the recovering housing market in the U.S.” More here

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