NEW YORK AP - Home Depot Inc.'s fiscal first-quarter net income surged 41 percent as shoppers snatched up seasonal items and the number of customer transactions rose.This is a positive sign for the No. 1 U.S. home improvement retailer, as consumers cut back on home-improvement projects during the recession and housing slump, and Home Depot responded to those weak sales by scaling back store openings and cutting jobs.
May 18, 2010 at 12:00 AM
1 minute read
NEW YORK AP – Home Depot Inc.’s fiscal first-quarter net income surged 41 percent as shoppers snatched up seasonal items and the number of customer transactions rose.
This is a positive sign for the No. 1 U.S. home improvement retailer, as consumers cut back on home-improvement projects during the recession and housing slump, and Home Depot responded to those weak sales by scaling back store openings and cutting jobs.
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