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Tag Archives: Industry News

Big Box Stores Launch AI Tools

Home Depot and Lowe's AI

The Home Depot and Lowe’s recently launched their respective AI tools to provide personalized assistance in home improvement projects. Home Depot’s “Magic Apron” Home Depot is launching its suite of generative AI tools, named Magic Apron. The tools will help …

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US LBM Expands in North Carolina

US LBM acquisition

US LBM recently announced the acquisition of Beach Window and Door in Calabash, North Carolina. The founders of Beach Window and Door, Harvey Sutton and David McPherson, will continue to run day-to-day operations at the store. “We’re excited to partner …

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Do it Best Appoints Member Operational Excellence Manager

Do it best appointment

Do it Best announced the appointment of Scott Morrison as member operational excellence manager. This new role was created to provide members with hands-on expertise to increase productivity and provide profitability in home centers, lumberyards and manufacturing components.  In this …

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Target Releases 2024 Q4 and Full-Year Financials

target new CEO

Target recently announced financial results for the full year and fourth-quarter of 2024. Total comparable sales increased 1.5% in the fourth quarter, reflecting a 0.5% decrease in comparable store sales. Net sales reached $30.9 billion, 3.1% lower in Q4 2024 …

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U.S. Tariffs on Mexico and Canada Take Effect

building materials tariff bill

Following previous announcements regarding impending tariffs on Canada and Mexico, President Donald Trump has officially imposed 25% tariffs on Mexican and Canadian imports. The president also increased tariffs on Chinese products to 20% and taxes on Canadian energy will be …

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5 Mattress Products for Customers Seeking Comfort

mattress and bedding category

The fourth quarter of 2024 was the U.S. home and garden industry’s strongest quarter since Q3 2022, according to the Q4 2024 Home and Garden Digest Report from Consumer Edge. Specifically, the mattress and bedding category saw 4% growth in …

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2025 Economic Outlook Strong, Uncertainty Remains

September economy consumer expectations

This year’s positive economic performance is expected to continue, according to the National Retail Federation (NRF), but uncertainty still stands as the White House and Congress make pivotal economic decisions. “While the U.S. economy has entered 2025 with a fair …

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