Home Improvement Store Sales Increase

Recent data shows that sales for Lowe’s, a popular home improvement store, have increased over the last year. The store reported a net income of $306 million, in the fourth quarter of 2013, increasing 6.3% from the prior year. Store earnings are affected by home prices, employment, and home ownership. Although sales have grown over the last year, the store has expressed reserve over the coming months saying, “our Consumer Sentiment Survey suggests a continued willingness for consumers to invest in their homes, however, there has been a recent slowdown in both housing activity and jobs growth which makes us cautious.” Additionally, sales are expected to increase around 5%. More here

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