Who’s the Number Two Home Improvement Retailer Now?
You’ll be surprised to find out that even though Home Depot retains its spot on top of the sector, Lowe’s is no longer number two according to a new Coresight Research study. The retail marketplace for home improvement continues to evolve and a new study from a well-known research and consulting company says the second […]
Lowe’s and Home Depot Numbers Offer Encouragement
The two big DIY doppelgangers each reported better financial results for their recent quarters and that’s good news. The home improvement and remodeling business is not exactly out of the woods yet but signs continue to emerge that the long-anticipated bottoming-out has occurred and the upswing is starting. Both Depot and Lowe’s showed small gains […]
Lowe’s, Home Depot and Others Come to Relief in LA Fires
The devastating fires in the greater Los Angeles area have brought out DIY and other building trade companies trying to help. Some of the building and home improvement industry’s biggest players, including the twin DIY giants Lowe’s and Home Depot, as well as others are pledging millions to help in the relief and rebuilding of […]
Home Depot’s Latest Acquisition Targets Kitchen Sector
The big home improvement chain continues to build out its business in the home design category. With the new home construction sector continuing to stay challenged, Home Depot has made an additional move to strengthen its business in finished products and home services. In late December the Home Depot subsidiary, Construction Resources Company, announced it […]
Remembering Bernie Marcus’s Invention of the Modern DIY Retailer
The passing of the legendary co-founder of Home Depot earlier this month reminded the industry of his role in creating the biggest retailer in home improvement. When Bernie Marcus and Arthur Blank were fired from the long-since-forgotten Handy Dan home improvement chain, it started a process that led to the creation of a $150 billion […]
Home Depot Defends Corporate Work-in-Store Mandate
When the giant home improvement chain told its corporate staff they need to work shifts in its stores, it set off a controversy. It wasn’t the first big company to do so but Home Depot’s renewed policy requiring all corporate employees to work an eight-hour shift in one of its stores every quarter has met […]
Home Depot Recognizes Four Vendors With 2024 Honors
Several suppliers of wood products have been honored by the big home improvement retailer with Innovation and Partner Awards. Each year Home Depot recognizes many of its vendors with Innovation Awards and Partner acknowledgements, including those in the wood products and lumber fields. The Innovation Awards recognize products that have “transformed the home improvement landscape,” […]
Building Trade Steps Up in Wake of Hurricane Helene
The latest natural disaster caused billions of dollars of damage in a path from the Florida Big Bend into the Western Carolinas. The toll will be staggering when it’s all added up following the destructive bent Hurricane Helene took and while it will eventually result in a boom in the rebuilding trade in the affected […]
Who Wins Now that LL Flooring Has Lost?
With the big retailing flooring chain liquidating, several competing retailers stand to pick up its $900 million in annual revenues. The news that LL Flooring, the 400-store specialty chain already in bankruptcy, would be shutting down completely and liquidating was not totally unexpected: the company had said if it couldn’t arrange for a new owner […]
Home Depot’s Lower Forecast Sets Stage for ’25 First Half
Home Depot has been one of the best performing retailers in the home improvement space but it sees a slower return for its business. No retailer has been a better performer or been more indicative of the remodeling and home improvement sector than Home Depot so when it reduces its forecast for its upcoming business […]