Retailers: Home owners spending more on renovation

Click photo to enlargeNEW YORK—Home owners are starting to spend more on home-improvement projects despite the weak housing market, quarterly results from Lowe's Cos. and Home Depot show. Lowe's said Wednesday its fourth-quarter profit rose 39 percent as its shoppers spent slightly more per visit. The results beat Wall Street estimates, but Lowe's cautioned that consumers are still holding back and gave a first-quarter forecast that could miss analyst expectations. Its shares fell

Read more ...