Lowe’s Gains From Home Improvement Business & Online Sales

Home renovation and maintenance activities have been gaining prominence lately, thanks to increased stay-at-home practices amid the coronavirus pandemic. The trend has been benefiting certain home improvement market players, including Lowe’s Companies, Inc. LOW. This apart, the company’s efforts to expand digital offerings is worth appreciating. These upsides were well-reflected in the company’s second-quarter fiscal 2020 results, with the top and the bottom line improving year on year. Let’s dig deeper.

Bright Prospects in Home Improvements Market

Growing inclination toward home improvement projects is quite visible in Lowe’s second-quarter fiscal 2020 results. Comparable sales (comps) for the company’s U.S. home-improvement business increased 35.1% in the second quarter, following an increase of 12.3% in the first quarter.

In the reported quarter, comps gained from sturdy project demand from DIY and pro customers across channels, product categories and geographies. It saw comps growth of more than 20% across all its merchandising divisions,

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Richfield’s Economic Development Authority Authorizes Second Round Of Coronavirus Small Business Forgivable Loans

September 30, 2020

Since the outbreak of the COVID-19 pandemic, 1.4 million small businesses have either closed of suspended operations according to a study by Oxxford Information Technology Ltd. It is expected that as many as four million small businesses could be forced to shut down permanently by the end of the year, or about 13 percent of the country’s small businesses.

Richfield’s Economic Development Authority (EDA) is doing everything it can to provide financial assistance to the city’s small businesses as they try and weather the global health crisis. The authority has authorized a second round of small business forgivable loans.

“Businesses of all shapes and sizes are seeing a drastic reduction in income during the COVID-19 pandemic,” explained Richfield Chamber of Commerce Chairman Greg Worthen. “Richfield was one of the first cities in Minnesota willing to help its small businesses through this crisis in the form of a

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COVID-19 business effect: Solstice closes, Mr Friendly’s reopens

Owner Ricky Mollohan’s posts announce closing of popular northeast Columbia restaurant, reopening of Five Points mainstay

COLUMBIA, S.C. — The announcement hit social media around 10 p.m. Monday, Sept. 28 — Ricky Mollohan has closed Solstice Kitchen in northeast Columbia.

Mollohan, who can be outspoken on social media, said in the Solstice Facebook post that money became the main issue. He had closed both Solstice and Mr Friendly’s restaurants in mid-March, as per Gov. Henry McMaster’s orders in an effort to stop the spread of COVID-19. 

WLTX’s Whitney Sullivan and I had interviewed Mollohan on March 17 at Mr. Friendly’s in Five Points. It was supposed to be the restaurant’s 25th anniversary but instead marked the last week of operation — until today. More on that in a minute.

The decision to shutter Solstice was not an easy one. Mollohan had applied for Paycheck Protection Program (PPP) funding from the

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Big purchases for your business, should you use credit cards or loans

Personal loans or credit cards, which is a better financial product for making big purchases?

By: Hitesh Khan/

Image credit: Hloom via Flickr

Should you use a personal loan or credit card when making major purchases? Assuming that you have good credit and can qualify to borrow money, here are some things to consider when choosing between the two financial products.

Best interest would determine the financial product you should use for big purchases

The first thing most people look at when borrowing money is the amount of interest being charged. It usually isn’t a problem to find personal loans with fixed rates. Having a fixed interest rate means there won’t be any surprises when you receive your loan statement. You’ll always know exactly how much to set aside each month for your loan payments.

Credit card interest rates sometimes fluctuate. While you may initially be offered a low introductory

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Home Appliance Market Report 2020 : Rising Impressive Business Opportunities Analysis with Top Countries Data Forecast By 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (The Expresswire) —
Home Appliance Market” is valued at 669350 million USD in 2020 is expected to reach 889550 million USD by the end of 2026, growing at a CAGR of 4.1% during 2021-2026, According to New Research Study. 360 Research Reports provides key analysis on the global market in a report, titled “Home Appliance Market by Types (Kitchen Appliances, Refrigerators, Washing Machines, Television, Air Conditioners, Others), Applications (Cooking, Food Storage, House Maintenance, Entertainment, Cleaning, Others) and Region – Global Forecast to 2026” Browse Market data Tables and Figures spread through 115 Pages and in-depth TOC on Home Appliance Market.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

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UK mortgage approvals hit 13-year high, as firms warn of tough times – business live | Business

A Greggs bakers store in Cardiff, south Wales, at the start of the lockdown

A Greggs bakers store in Cardiff, south Wales, at the start of the lockdown Photograph: Geoff Caddick/AFP via Getty Images

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

A swathe of UK companies are reporting today that Covid-19 continues to hurt their businesses, more than six months after the UK first imposed restrictions to battle the pandemic.

High street baker Greggs has warned that staff faced reduced hours, and potentially job cuts, as it tries to cut its employment costs.

Greggs, famous for its steak bakes, sausage rolls and new vegan offerings, reports that like-for-like sales in September are only 76.1% of the 2019 levels (an improvement on a ‘slow’ August).

With the government’s furlough scheme wrapping up in a month (replaced by a less generous wage subsidy package), Greggs says it must make cuts:


With business activity levels

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Jackson Hilton Garden Inn unveils renovation | MS Business Journal



Hilton Garden Inn

Hilton Garden Inn in Downtown Jackson




The Hilton Garden Inn Jackson Downtown, an iconic historic hotel located in the heart of the city center, has completed renovations to its 7,321 square feet of meeting and event space, 186 guest rooms, full-service restaurant and bar, lobby and fitness center. A Mississippi Landmark listed on the National Register of Historic Places, and formerly known as the King Edward Hotel, the property is a symbol of Jackson’s downtown Renaissance and continues its legacy of offering classic charm and warm Southern hospitality to today’s travelers from around the world.  

Completed in July 2020 and designed to retain the hotel’s historical elegance, the renovations infuse a vibrant ambiance that resonates throughout the property. Nine meeting rooms and pre-function spaces, capable of hosting groups up to 300, received new carpeting, wallcoverings, seating, lighting, and window treatments. The venue space was expanded with the addition

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Consumer lender Home Credit posts 619 million euro first-half loss, says business turned corner

PRAGUE (Reuters) – Consumer lender Home Credit Group posted on Friday a 619 million euro loss for the first half on provisioning to cover loan losses as the coronavirus pandemic hit consumers.

The lender whose operations include China, India and other markets in South-east Asia, Russia or the Czech Republic, said it had shrunk its lending book by 20% in response to the crisis but said business had started recovering.

“I am encouraged to see that our business has already been improving since late in the second quarter,” said Chief Executive Jean-Pascal Duvieusart. “Barring further economic shocks, we expect the business to continue rebounding in the second half of 2020.”

Impairment losses jumped to 1.79 billion euros from 871 million a year ago, the company said. Non-performing loan coverage ratio rose to 197.8% from 124.1% a year earlier.

“I am confident that by keeping our business intact despite such strong

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123 Remodeling Earns Better Business Bureau Accreditation

Chicago, IL, United States – Becoming an Accredited Business with the Better Business Bureau is an honor not accorded to all businesses; because not all companies meet eligibility standards. 123 Remodeling is pleased to announce today that it has met all BBB standards and is now an Accredited Business.

“Accreditation in the BBB is by invitation only,” says Steve J. Bernas, president & CEO of the Better Business Bureau serving Chicago and Northern Illinois. “And only those businesses that meet our high standards and pass the review process are approved by our Board of Directors.”

As with all businesses that are Accredited by the BBB, 123 Remodeling has committed to the BBB Code of Business Practices.  The Code is a comprehensive set of policies, procedures, and best practices for treating consumers. These standards call for building trust, embodying integrity, advertising honestly, and being truthful. Bernas adds, “To maintain their Accreditation

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123 Remodeling Earns Better Business Bureau Accreditation – Press Release

Chicago, IL, United States – Becoming an Accredited Business with the Better Business Bureau is an honor not accorded to all businesses; because not all companies meet eligibility standards. 123 Remodeling is pleased to announce today that it has met all BBB standards and is now an Accredited Business.

“Accreditation in the BBB is by invitation only,” says Steve J. Bernas, president & CEO of the Better Business Bureau serving Chicago and Northern Illinois. “And only those businesses that meet our high standards and pass the review process are approved by our Board of Directors.”

As with all businesses that are Accredited by the BBB, 123 Remodeling has committed to the BBB Code of Business Practices.  The Code is a comprehensive set of policies, procedures, and best practices for treating consumers. These standards call for building trust, embodying integrity, advertising honestly, and being truthful. Bernas adds, “To maintain their Accreditation

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