Home Depot cut its full-year outlook for the second time this year amid missteps in its online strategy but government data on housing construction suggested there was little reason to worry about the national housing sector
) said on Tuesday the marriage of its online and brick-and-mortar businesses was not yet generating as much revenue as it had expected, prompting the retailer to cut its 2019 sales forecast for the second time this year.
The service, known as “click and collect”, aims to draw in consumers who are generally wary of ordering expensive building materials or appliances without in-store advice on their installation and use. “We are largely on track with these investments and have seen positive results, but some of the benefits anticipated for fiscal 2019 will take longer to realize than our initial assumptions,” Chief Executive Officer Craig Menear said in a statement.
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