Home Depot Announces 3-Hour Delivery Service
The new initiative uses the giant retailer’s more than 2,000 stores as fulfillment hubs for thousands of items. The new service is part of a larger trend that is seeing retailers across the country offer super-fast deliveries from their stores. Some use third-party delivery services like DoorDash or Uber Eats. Depot does not specify how […]
Home Depot Adds to Perks for its Pro Loyalty Program
In another sign that the big home improvement chain is focusing on builders, it said it would be adding partner rewards to the program. Both Depot and its chief competitor, Lowe’s, continue to try to build out their pro programs by adding more benefits to members and this addition of partner rewards by Depot is […]
Home Depot & Lowe’s Continue Pro Focus
There’s never been a better time to be a pro customer at the two home improvement giants.
Home Depot Makes Warehouse System Acquisition
The big home improvement retailer announced it was buying Simpl Automation to strengthen its distribution efficiency. The deal follows a test Depot did with Simpl in its Locust Grove, GA distribution center, which it said resulted in faster pick speeds and cycle times, with fewer product touches. Terms of the deal were not disclosed. Home […]
Home Depot and Lowe’s Doubling Down on Pro Business
With the overall new construction market, as well as big DIY projects still stalled, the two largest national chains are prioritizing the professional contractor sector. In reporting their most recent quarterly results—which together point to continuing tough conditions in the building trade—both Depot and Lowe’s said they see their pro sectors continuing to expand and […]
Home Depot Sees 5 to 6 Percent Growth Ahead
Short-term business conditions remain difficult but the big retail chain sees housing momentum returning. “Our Market Recovery Case reflects our performance expectations once we see momentum in housing activity and increased spend on larger projects driven by pent-up demand,” Richard McPhail, executive vice president and chief financial officer for Home Depot, told an investor and […]
Watch Out Home Depot & Lowe’s: Here Comes Vevor
Does the home improvement retail business need another player? A new retailer from China is about to find out. The American DIY/home improvement big box business has been dominated by Home Depot and Lowe’s for decades after they squeezed out most of the country’s regional and local chains. However, a Chinese retailing company is now […]
Home Depot 2026 Forecast: No Rebound in Sight
In a presentation to investors, the big home improvement chain forecast only slight gains for the new year. The giant retailer said it expects same-store sales to be in the flat to plus-two-percent range in 2026, which is below what many analysts had been forecasting previously. Total sales growth projections were also off from estimates. […]
Big Two DIY Retailers Still Need Some Improvement
The latest financial results from the two big national retailers – Home Depot and Lowe’s – show the business is still soft and may get worse before it gets better. When the two home improvement giants issued their numbers for their most recent quarters, they were nothing to write home about. But more importantly, they […]
Home Depot Rolls Out New Digital Planning Tool for Contractors
The new digital platform is the latest initiative as the big home improvement chain continues to ramp up its pro business efforts. Called the Project Planning tool, the new platform is designed to help professional renovators, remodelers and specialty tradespeople plan, manage and execute complex projects in real time, the company said. It creates materials […]