Citing poor sales and bleak economic projections, Lowe’s has closed two stores in Southern California. The two branches, located in Apple Valley and San Bernardino, were particularly susceptible to financial troubles due to recession and to foreclosures in the area…Read More
Builders FirstSource reported a 4.5% decrease in net income for the third quarter, 2010. Sales were posted at $180.4 million, a significant drop of over $80 million from the previous year. Although sales increased 5.6%, gains were negated due in part to volume and competitive pricing pressure….Read More
Using last year as a parameter, Tractor Supply showed a 45% third quarter increase in net income for sales ending Sept. 15, 2010. Posting $32 million in profits, the company cited animal and pet-related merchandise as a reason for the financial success. As well, nine new stores opened in the quarter compared to 17 the year before…Read More