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 […]

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 […]