NEW YORK, NY / ACCESSWIRE / April 19, 2018 / Home Depot shares glided higher on Wednesday after the company announced it would be hiring 1,000 I.T. workers. Shares of fellow home improvement company Lowe?s also saw slight gains. It was on Monday that Lowe?s Canada made an announcement about an ECO product program.

RDI Initiates Coverage on:

The Home Depot, Inc.
https://rdinvesting.com/news/?ticker=HD

Lowe's Companies, Inc.
https://rdinvesting.com/news/?ticker=LOW

The Home Depot, Inc. shares closed up 2.82% on Wednesday on about 5.8 million shares traded. The home improvement retailer announced yesterday that it will be hiring around 1,000 I.T. workers in Austin, Dallas, and Atlanta this year. In December 2017, the company announced investments related to its store and online shopping experience, supply chain and delivery capabilities, and associate and workforce management systems. "Many of these initiatives require advanced software engineering, system engineering, UX design and product management," said the company. Recode reported that the new hires will focus mainly on improving digital user experience across Home Depot's retail service as well as on software engineering. According to Recode, the company already has 2,800 I.T. employees. The hiring is a part of the company's $11.1 billion initiative that it announced a few months ago that is aimed to improve store designs and to boost the company's online presence. So far Home Depot shares have fallen 4.3% year to date.

Access RDI?s The Home Depot, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HD

Lowe's Companies, Inc. shares closed up a modest 0.29% on Wednesday with roughly 5.1 million shares traded. It was earlier this week that Lowe's Canada announced the roll out of its ECO product program in all corporate and participating affiliated RONA, Reno-Depot, and Lowe's stores across the country. Lowe's Canada Senior Vice President of Communications and Public Affairs, Jean-Sébastien Lamoureux stated, "Lowe's Canada acknowledges having a role to play in improving the environmental performance of the construction and home improvement industry in Canada, which is why offering our customers a range of products characterized by a smaller environmental footprint is one of the three pillars of our corporate responsibility approach. With this program, we want to make it easier for consumers who want to choose products that reduce the environmental footprint of their projects by clearly identifying ECO products in stores and online, and by highlighting the many benefits these products offer." The program aims to help the environment by helping consumers reduce their environmental footprint when it comes to home and construction projects.

Access RDI?s Lowe's Companies, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=LOW

Our Actionable Research on The Home Depot, Inc. (NYSE: HD) and Lowe's Companies, Inc. (NYSE: LOW) can be downloaded free of charge at Research Driven Investing.

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