Home Depot Integrated Strategy Aids Growth, Stock Up 14% YTD

The Home Depot Inc. HD has been resilient amid the coronavirus pandemic, thanks to continued store operations as well as its ability to deliver interconnected shopping experience by blending its physical and digital platforms. The company’s flexible interconnected infrastructure helped it quickly adapt to the changing customer preferences amid the coronavirus pandemic in late March. Consequently, it delivered top-line growth of 7.1% in first-quarter fiscal 2020, with overall comps increasing 6.4% and comps in the United States up 7.5%.

The first-quarter sales performance was divided into three phases. In phase one (the first seven weeks of the quarter), the company

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CORRECTED-XPO Logistics jump 13% on cost-cutting, e-commerce growth

(Corrects speaker as CEO)

LOS ANGELES, May 5 (Reuters) – XPO Logistics Inc shares jumped almost 13% on Tuesday after executives said its e-commerce fulfillment, returns and home delivery businesses are thriving during the novel coronavirus pandemic.

“E-commerce saved us in April… It was our strongest performing vertical across the board,” Chief Executive Officer Bradley Jacobs said on a conference call with analysts.

XPO is courting new e-commerce business and squeezing costs via warehouse and other automation projects since losing two-thirds – or $600 million – of its Amazon.com Inc business early last year.

The company’s shares, which topped $114

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