Home Depot reports another decline in sales In the third quarter, it cut its outlook for the rest of the year. The company said buyers have pulled back as renovation projects have slowed down.
Officials blamed weak housing activity and unusually cool weather. Fewer storms mean fewer emergency repairs, which typically impact traffic. Buyers also held off on home-improvement projects, especially larger jobs that typically occur after a move or remodel.
The decline at Home Depot often points to where the economy is headed next. A soft quarter means homeowners are taking precautions. It also indicates that widespread There may be some decline in the economy,
Panera Bread is undergoing a multimillion-dollar makeover after sale
Photo by Kevin Carter/Getty Images
Panera Bread is preparing for a reset. Sales fell nearly 5 percent last year. That decline prompted new CEO Paul Carbone to admit that the company had lost its way and needed reform. Wall Street Journal.
Changes start with the basics. Panera is bringing back better ingredients, increasing its portion sizes, and revamping its salads. The shops are being given a new look. Staffing is being rebuilt. The company has also put its planned IPO on hold until changes are made.
The move shows how difficult the increasingly turbulent landscape has become. Diners are more rowdy. Margins are tight. If Panera Bread can get hot again, the rest of the region will be watching.
Home Depot reports another decline in sales In the third quarter, it cut its outlook for the rest of the year. The company said buyers have pulled back as renovation projects have slowed down.
Officials blamed weak housing activity and unusually cool weather. Fewer storms mean fewer emergency repairs, which typically impact traffic. Buyers also held off on home-improvement projects, especially larger jobs that typically occur after a move or remodel.
The decline at Home Depot often points to where the economy is headed next. A soft quarter means homeowners are taking precautions. It also indicates that widespread There may be some decline in the economy,
Panera Bread is undergoing a multimillion-dollar makeover after sale
Photo by Kevin Carter/Getty Images
Panera Bread is preparing for a reset. Sales fell nearly 5 percent last year. That decline prompted new CEO Paul Carbone to admit that the company had lost its way and needed reform. Wall Street Journal.
Changes start with the basics. Panera is bringing back better ingredients, increasing its portion sizes, and revamping its salads. The shops are being given a new look. Staffing is being rebuilt. The company has also put its planned IPO on hold until changes are made.
The move shows how difficult the increasingly turbulent landscape has become. Diners are more rowdy. Margins are tight. If Panera Bread can get hot again, the rest of the region will be watching.
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