Home Depot Quarter Financials Show Business Still Tough

Even as there are encouraging signs in the housing economy bottoming out, the big DIY chain is still showing a sales slowdown. If you subscribe to the theory that Home Depot is the canary in the home improvement coal mine – granted a very big canary – then its financial results earlier this month indicate […]

Which Three Retailers Did More Than Half of All Home Improvement Business in 2023?

Together they accounted for just over six out of every ten dollars in consumer spending on home improvement goods and services last year. The retail business for the home improvement sector continues to get more and more concentrated but even those in the industry might be surprised to know exactly how concentrated. New numbers from […]

Home Depot Doubles Down on Pro Business

The giant home improvement retailer’s latest acquisition makes a big statement on its focus on contractors and professional builders. Only a month after announcing four new distribution centers specifically focused on its pro customers, Home Depot made a huge purchase that strengthened its attention to the roofing, landscaping, and pool sectors of the professional building […]

Home Depot Increases Its Efforts to Meet Pro Needs

Home Depot, already the retail leader in supplying the professional contractor, is stepping up its efforts to expand its business. The nation’s largest home improvement retailer is also the biggest vendor for pro builders and with an expansion of its distribution center network this year it is poised to get bigger. The company announced recently that […]

Home Depot Sets Up $1 Million Training Program with Team Rubicon

The new program provides on-the-job training for students in a variety of fields, including carpentry. Team Rubicon, Home Depot’s veteran-led response partner, has been given a $1 million grant from the retailer’s Foundation to build a new trades training program. Team Rubicon will provide its students with on-the-job training in carpentry, electrical, plumbing and HVAC, […]

Home Depot and Lowe’s Forecasts Lowered by Analyst Firm 

Comments from the two giant DIYers have caused analysts to lower their forecasts for the immediate future.  They were the outliers in the retail world, continuing to remain optimistic while their brethren were less positive about the outlook going forward. And now, they too are a little more pessimistic. Home Depot and Lowe’s, the giant […]

Home Depot Targeting Millennials with New Service Hub

Retailers all across the building trade are trying to find new ways to reach millennial customers and Home Depot’s New Homeowners Hub is the latest tactic to try. As the millennial generation becomes the center of the housing market, home improvement, furnishings, and building businesses continue to look for new ways to reach out to […]

Why the Home Depot Results Are Good for the Home Improvement Category

Even though its sales for the most recent quarter were slightly down, there were many positive things in Home Depot’s second quarter earnings results. If there is one retailer most closely followed by those in the lumber and wood products sectors it is Home Depot. So, its second quarter results, released last week, were studied […]

What Do the New Home Depot and Lowe’s Results Mean for the Building Business?

The new financial results from the two big home improvement chains show both the pro and do-it-yourself building sectors have slowed down…but it’s not all bad news. If the building industry needed any more proof of the slowdown in the construction sector they didn’t have to look any further than the new first-quarter financial results […]

Lumber Now #4 Business for Home Depot

The home improvement giant has grown its revenue in this key category from its sixth largest classification to now its fourth biggest over the past decade. Everyone knows Home Depot is the biggest retailer in the home improvement sector but a recent analysis of their business over the past decade shows a dramatic rise in […]