Home Depot Names Craig Menear Ceo – Nasdaq.com

Home improvement chain Lowe’s Cos cuts sales forecast – Yahoo News

retail, has been named CEO and president, effective November 1, and has been elected to the company’s board of directors, effectively immediately. Current chairman and CEO Frank Blake will remain chairman. Menear, who was named president, U.S. retail in February this year, is a 34-year retail veteran and a key leader in the company’s success. In addition to his role as chief merchant, Menear has overseen the company’s supply chain efforts, its rapidly growing online and private brand businesses and the company’s marketing and global sourcing. http://www.nasdaq.com/article/home-depot-names-craig-menear-ceo-20140821-00900

The company said it expected same-store sales to grow faster in the second half of the year as customers renovate homes with big-ticket purchases such as wood and laminate flooring in a recovering U.S. housing market. Lowe’s maintained its full-year profit forecast of about $2.63 per share. http://news.yahoo.com/lowes-cos-quarterly-sales-rise-5-6-percent-103904710–sector.html

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