Home improvement chain Lowe’s achieved $27.3 billion in second-quarter 2020 sales, up 30 percent from the same period in 2019, the company reports. Lowe’s net earnings for the quarter were $2.8 billion, a 64 percent increase sales in the same …
Read More »Todd Taber
Home Depot Sees 23% Sales Spike in Q2 Sales
Big-box home improvement chain Home Depot has released its second-quarter 2020 financial results, achieving net sales of $38.1 billion. This figure marks a 23 percent increase over the same period in 2019 and a 34 percent increase over first-quarter 2020 …
Read More »Home Improvement Sales Fell Slightly in July
U.S. home improvement sales fell slightly from June levels, new data from the U.S. Census Bureau shows. In total, NAICS 444 sales (not seasonally adjusted) hit $40.3 billion in July, down from $43.1 billion in June sales. In June, data …
Read More »6 Tips to Make the Most of Online Events
As major home improvement gatherings like markets, reunions and conferences transition to virtual events, making sure you’re prepared to take full advantage of those online meet-ups is crucial. Take a moment to review some best practice tips for attending virtual …
Read More »How COVID-19 Is Changing Business for Contractors
Since March, The Farnsworth Group and the Home Improvement Research Institute (HIRI) have collected data on DIYers’ and contractors’ home improvement sentiments during COVID-19. The complete report for the organizations’ Weekly COVID-19 Tracker reveals contractors are relying on brick-and-mortar home …
Read More »Lowe’s Details Supply Chain Upgrades
Big-box retail chain Lowe’s is planning an update to its supply chain in an effort to bolster home delivery services for pro and DIY customers. Over the next 18 months, Lowe’s plans to open 50 cross dock delivery terminals, seven …
Read More »Attendance Grows at House-Hasson’s First Virtual Event
The House-Hasson summer dealer market, the first virtual event the company has hosted, saw a 25 percent increase in attendance over last summer’s event, organizers say. In total, roughly 1,600 people participated in the event. “We’re all about dealer profitability, …
Read More »Give Your E-blasts Purpose and Precision
E-blasts are great ways to keep your most engaged customers up to date with the latest events and sales at your business. With simple, often free email marketing programs available to small business owners, the sky is the limit on …
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