Retail Sales Improve for Lowe's and Home Depot

It's that time of year again. The holidays are here, which means retailers of all types are keeping a close watch on sales. And thanks to the improving housing market, Lowe's and Home Depot are both seeing increases in sales.

Despite a significant data breach in September, Home Depot has reported sales in the third quarter of this year that was higher than orginally expected. Similarly, Lowe's third-quarter earnings improved by 17%. This is good news for both retailers, because the year was a struggle early on due to poor weather conditions and less than optimal home sales, which had an impact on both residential building and remodeling projects.

As we finish off 2014, and move into 2015, it will be interesting to see if similar sales patterns develop due to weather conditions, and how they might ulimately impact retail sales for those in the home improvement and construction industry.

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