Lowe’s Companies, Inc., the world’s second largest home improvement retailer, reported net earnings of $941 million for the quarter ended August 2, 2013, a 26.0 percent.
Future market indicators component of the RMI decreased from 56 in the previous quarter to 48. Current market conditions also fell from 54 in the previous quarter to 50.
Spending by homeowners on improvement projects is expected to accelerate as the year progresses, according to the Leading Indicator of Remodeling Activity (LIRA) released this week by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
The Home Depot , the world's largest home improvement retailer, has begun filling more than 80,000 seasonal positions to assist customers during the company's busiest selling season.