Tuesday, August 19, 2008

Home Depot Sales Down 5% in Second Quarter; Lowe's Up 2%

Home Depot reports its sales were off 5.4% in the second quarter, compared to the same period of 2007, at $21.0 billion. Same store sales dipped 7.9% for the period. Through the first six months of its fiscal year, sales for the Atlanta based giant were down 4.5% at $40.7 billion.
Lowe's sales for the second quarter were up 2.4% to $14.5 billion, with same store sales down 5.3%. For the first half, Lowe's sales hit $26.5 billion, a 0.7% increase over the first half of 2007.

1 comment:

cheryl said...

Come on now! Don't be sucked into the media blitz of bad news...there is good news out there too! and in my little neck of the woods in Northwest Florida...we are up 105% on the retail side and the design side is up as well...I cannot find any of these people who have lost their job who want to work! Please, report good news too!!