Home Depot Inc on Wednesday forecast tepid sales growth for next year, pointing ...
) on Wednesday forecast tepid sales growth for next year, pointing to more weakness at the No.1 U.S. home improvement chain, just weeks after it cut its outlook for the 2019 fiscal year due to disappointment over an online overhaul.
Home Depot is also ramping up its supply chain to speed up delivery as it wrestles with competition from smaller rival Lowe’s Cos Inc , which has been gaining market share in a tough retail environment. “We are building on our distinct competitive advantages to capitalize on a large and fragmented market opportunity,” he said.
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