Posted in home repair

‘Heartbreaking’: Another blow for small Auckland CBD businesses as bridge repairs see many work from home

Struggling businesses in Auckland’s quiet city centre have been dealt another blow as urgent repairs on the harbour bridge see many workers skip their commute.

Commuters have been warned of lengthy delays this morning as urgent repairs continue on the battered Auckland Harbour Bridge cause mayhem.

Waka Kotahi/NZ Transport Agency has urged people to work from home if possible or use public transport if they have to travel into the city, after high winds toppled a truck on Friday afternoon.

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The resulting damage to a 22.7m steel strut closed several bridge lanes to assess the damage, causing gridlock and huge tailbacks across parts of the city.

And for Covid-hit businesses in the CBD, it’s the latest event in an extraordinarily tough year, Heart of the City’s Viv Beck says.

“It started with the Sky City fire this time last year, there’s been the impact of large, long-scale construction with the

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Posted in lowe's home improvement

Lowe’s (LOW) Q2 2020 earnings blow out estimates

Lowe’s said customers bought supplies for DIY projects, kicked off renovations and stepped up their landscaping as they skipped dining out and scaled back summer trips during the coronavirus pandemic.

That translated to huge gains for the home improvement retailer, allowing it to blow past Wall Street forecasts with a 30% surge in revenue and 68.7% jump in profit during the fiscal second quarter.

Shares of the company were up less than 1% Wednesday afternoon. They reached a 52-week high of $162.89 earlier in the day.

Lowe’s CEO Marvin Ellison said the retailer benefited from “a wallet share shift away from vacations, away from dining out, away from apparel purchases.”

“People are taking those dollars and they’re investing in their home,” he said in an interview with CNBC. “We’ve got tons of anecdotal information where someone was planning to take a vacation and now they’ve decided to remodel the kitchen,

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Continue Reading Lowe’s (LOW) Q2 2020 earnings blow out estimates