At Home Depot and Lowe’s, Home-Improvement Splurge Can Go On

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Home-improvement retailers

Home Depot

HD -3.25%



LOW -4.70%

had a phenomenal quarter, but investors aren’t in the mood to savor the gains.

Home Depot’s sales grew 23.4% in the quarter ended Aug. 2 from the year-ago period, while Lowe’s revenue jumped 30% in the quarter ended July 31. Both companies exceeded analysts’ estimated revenue by around 10%. Diluted earnings per share increased 75% year over year at Lowe’s and 26.8% at Home Depot. Yet shares of Home Depot are down around 2% since it reported earnings Tuesday morning, and Lowe’s was basically flat after reporting Wednesday.

As in the preceding quarter, sales to do-it-yourself consumers outpaced those to professional contractors at both retailers. Lowe’s benefited more from this trend as DIY customers make up a higher portion of its business. Interestingly, sales growth was strong in all U.S. regions for both companies and not correlated with the size

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CL3 unveils interior design for Intercontinental Chongqing Raffles City

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a group of palm trees: Intercontinental Chongqing Raffles City by CL3

© Provided by Dezeen
Intercontinental Chongqing Raffles City by CL3

Sailing and nautical aesthetics informed CL3’s interiors for the Intercontinental hotel in the Raffles City Chongqing complex in China, which includes guest rooms that draw on the design of yacht cabins.

Intercontinental Chongqing Raffles City is located in the Raffles City Chongqing development, which features a “horizontal skyscraper,” the Crystal skybridge that connects four 250-metre tall skyscrapers.

The hotel’s location in the city’s Chaotianmen area, where the Yangtze and Jialing rivers meet, was the starting point for the designers.

“The project has a geographical and historical significance by being where the ancient emperor sent his fleet to meet the people,” CL3  said.

a glass door: Intercontinental Chongqing Raffles City by CL3

© Provided by Dezeen
Intercontinental Chongqing Raffles City by CL3

This nautical past not only informed the design of the eight streamlined skyscrapers that make up the Raffles City Chongqing complex, which features sail-like screens, it was also

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Table Talk: Production kitchen supports Columbus-based Fukuryu Ramen’s expansion – News – ThisWeek Community News

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Jeff Tsao has fulfilled part of his long-term growth plan by opening a production kitchen to serve his two Fukuryu Ramen restaurants.

Soup stocks, pork belly, sauces, seasonings and other foods are being made at 748 Harmon Ave. in Columbus.

“The production kitchen was always part of the plan to keep consistencies, efficiencies and flavor, so in stores we can focus on the guests,” Tsao said. “We were looking for more than a year and a half to buy our own building. But nothing was open. And we couldn’t find a place to fulfill our needs.”

He said the kitchens in his restaurants, 1600 W. Lane Ave. in Upper Arlington and 4540 Bridge Park Ave. in Dublin, were too small to create all the complexities of the noodle soups and other menu items. The original location in Melbourne, Australia, has closed, Tsao said.

Opening a production kitchen to serve two

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