Home Depot and Lowe’s Aren’t Amazon-Proof After All…
Working on a home is one of the joys of being a homeowner.
And to do these home improvement projects, one generally has to go to the right stores to get the materials that they need. Despite this, home improvement stores like Home Depot and Lowe's may be under threat from a newcomer in the field: Amazon.
Lowe's and Home Depot have long been touted as being "Amazon-proof", but that fact might not be so certain anymore, analysts believe.
The information comes from a CNBC.com article about the quarterly earnings of Lowe's, with many investors paying attention to the impact that Amazon had on the retailer. One of the individuals watching the earnings is Boris Schlossberg, the managing director of foreign exchange strategy at BK Asset Management.
The expectation is that Amazon's e-c...