Distribution America and PRO Group’s annual Executive Planning Conference is going virtual. This year’s conference will use Zoom online meeting technology in place of the in-person event that was originally scheduled to take place in Tucson, Arizona. The 2021 conference …
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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 …
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COVID-19 has posed challenges for every home improvement retailer, including those operating stores in multiple states. Building materials supplier Spahn & Rose Lumber counts 24 locations across Iowa, Illinois and Wisconsin. CEO Dave Davis recent spoke about the challenge of …
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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 …
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According to data from the U.S. Department of Labor, weekly initial jobless claims have fallen below 1 million for the first time in almost five months. Around 963,000 people filed for first-time unemployment benefits last week. In late March, initial …
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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 …
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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 …
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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, …
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