Tag: business news

Guilford Garden Center celebrates 60 years, changes hands

GREENSBORO — Amid all the holiday decorations they’ve got in their store, the new owners of Guilford Garden Center are keyed up for spring. 

Last week, Elliott and Stephanie Jones took over Guilford Garden Center on Milner Drive near Guilford College in Greensboro after buying it from the most recent prior owner, Christina Larson. The business, started in 1963, is celebrating its 60th anniversary year. 

Even in November, the garden supply store is surrounded by a lush landscape of plants for sale. And over all of that are the sounds of fountains trickling and hoses spraying, as staff members work to keep the greenery watered.

Inside is the kind of eclectic space where a customer could consider purchasing a statue of a cat licking its paw, only to turn around and find one of the three felines who live at the center doing just that. 

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Home Depot sales dip, but company says long-term outlook good

ATLANTA — Home Depot on Tuesday announced another quarter of declining sales, but it was a dip that was expected as the company works through what officials called a post-pandemic “settling.”

The retail behemoth reported sales of $42.9 billion for the past three months, down 2.0% from the same quarter during the previous year. Net earnings during the quarter were $4.7 billion, or $4.65 per share, down from $5.2 billion, or $5.05 per share, a year earlier.

“We look at 2023 as a year of moderation after the explosive growth we had in the last few years,” said Ted Decker, chief executive, during a teleconference with analysts and reporters.

Earlier this year, the company projected that its sales this year will be between 2% and 5% of the previous year’s revenue, while earnings per share drop between 7% and 13%. Officials Tuesday reaffirmed that prediction.

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