News

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 …

Do it Best Corp. has announced record net profitability and record rebates for retailers during its most recent fiscal year, which ended in June. The co-op’s total sales for the year were $3.6 billion and net profit was up 12.6 …

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 …

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 …

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 …

In an effort to protect the health and safety of attendees amid COVID-19, NRHA will host its 2020 Young Retailer of the Year ceremony virtually on Aug. 31. For 24 years, NRHA has highlighted the achievements of independent home improvement …

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, …

Do it Best Corp. has announced a joint venture with Nation’s Best Holdings, a growing family of 10 locally branded home improvement stores operated across three states by Do it Best member-owner Chris Miller. “In the highly competitive home improvement …