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Home Depot After Thanksgiving Day Sale
NEW YORK (MarketWatch) -- Home Depot Inc. HD, -0.34% which calls bounce time its Christmas because it's the home advance retailer's better sales period, for the aboriginal time saw Black Friday become its better sales day in history. Black Friday, or the day afterwards Thanksgiving, generated abutting to bisected a billion in sales, Chief Financial Officer Carol Tome said in an interview. Memorial Day commonly has been Home Depot's better sales day. Home Depot, the better U.S. Christmas timberline seller, has abutting added retailers in gluttonous to abduction appeal during the anniversary season. It's offered promotions on allowance items including ability tools, anniversary lights and ornaments. "We formed the years to become a destination abundance for Black Friday," she said. "We accept we accept to beat that day. (But) additional division is consistently activity to be our better quarter." Tome, however, beneath to anticipation if Black Friday will abide the better sales day activity advanced for Home Depot. Black Friday additionally contributed to the company's better-than-expected 8.9% fourth-quarter U.S. same-store sales gain. The company's shares rose 3% to a almanac $115.7, arch the Dow higher. See accompanying story.
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