Lowe's Cos. reported net earnings of $450 million for the fourth quarter ended Jan. 30, a 47.0% increase over the year-ago period.
Atlanta-based The Home Depot reported a strong fourth quarter performance, with sales up 8.3% to $19.2 billion, and fourth quarter net earnings up 36.1% to $1.38 billion.
Ikea has chosen R&O Construction to serve as construction manager for the site work and store development of its future 351,000-sq.-ft. location in Las Vegas.
Pier 1 Imports Inc. has named senior VP of planning Laura A. Coffey, 48, as interim CFO.
The Home Depot is prepping for spring, traditionally its busiest selling season, with 80,000 new hires and by rolling out the latest mobile technology to better serve customers.
Lowe's Companies Inc. has appointed James H. Morgan, 67, to the company's board, effective immediately.
Restoration Hardware Holdings Inc. (RH) has named Ali Rowghani to its board of directors.
Lowe's Companies Inc. plans to hire approximately 30,000 seasonal employees at its stores in the U.S. during spring, which is typically the busiest time of year in the home improvement industry.
The Home Depot has been given until July to respond to allegations that its data breach occurred because the retailer did not meet its obligation to comply with security standards and to protect its customers' personal information, according to the Atlanta Business Chronicle.