Dive Summary:
- Economists eagerly await this week’s sales report from many popular U.S. retailers, with several big name retail businesses due to report earnings.
- The number one U.S. home improvement store, Home Depot, reported its largest earnings in eight years at long-standing locations in the previous quarter. Economists expect a 5% rise in revenue for the company due to a strengthen real estate market and Hurricane Sandy recovery efforts.
- Other mass merchants due to report earnings this week include Lowe’s, Best Buy, Target and Saks.
From the article:
The housing recovery remains a bright spot in the economic outlook, and this week’s numbers on demand should confirm momentum building into the spring, thanks to low mortgage rates, brighter consumer sentiment and recovering job markets.
