The big boom in home improvement retail, mainly due to consumers focusing on home projects during the pandemic, may be cooling off.

Lowe's has reported slowing sales and the news prompted shares price to dip, according to a CNBC report.

The home improvement retailer said it expects same-store sales to be flat or possibly decrease by as much as 3% going forward. CFO Dave Denton told analysts the company is prepping for a "modest sector pullback" next year.

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