Business News • MarketWire • Can Home Improvement Retailers Hope for a Stronger 2010? |
Can Home Improvement Retailers Hope for a Stronger 2010? |
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Can Home Improvement Retailers Hope for a Stronger 2010?
JOHANNESBURG, SOUTH AFRICA--(Marketwire - May 3, 2010) - www.rothmanresearch.com -- Data and earnings for the first quarter of 2010 has been on a good note in the retail sector as consumer confidence and spending have been moving higher. However, consumers are still tip-toeing on their spending as they cautiously monitor the healing progress of the U.S. economy. One of the most encouraging signs of the time is the positive attitude consumers are taking towards home improvement, considering that issues in the housing sector are still pretty much in negative territories even if recent data has been showing improvement in the new home sales and building permits. With consumers embracing home improvement once again, companies like Lowe's Companies Inc. (NYSE: LOW) and The Home Depot Inc. (NYSE:
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