Lowe’s shows home improvement is a bright spot right now in retail

After a week of dismal earnings from department stores, home improvement companies are proving to be the silver lining of the retail industry. Both Home Depot and Mooresville-based Lowe’s reported better-than-expected financial results this week as they enter what they consider their own Christmastime — the spring season. Lowe’s, the second-biggest home improvement retailer in the U.S., and Home Depot are benefiting from a warmer-than-expected winter and continued strengthening in the U.S. housing market at a time when traditional retailers struggle against e-commerce and changing consumer preferences. “Home improvement retail is very much a bright spot in an otherwise weakish consumer environment. Clearly shoppers are choosing to shop the home improvement channel as versus other areas of retail,” Brian Nagel, senior equity research analyst at Oppenheimer & Co., said on CNBC’s SquawkBox Wednesday morning.


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