According to the National Kitchen & Bath Association, the kitchen and bath full-year industry revenues are expected to reach a record $199 billion in 2022, with an anticipated growth of 19 percent for the second year in a row. Whether …
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The Home Depot® is enhancing its commercial credit offerings for pro customers. The retailer introduced the Pro Xtra™ Credit Card, a new iteration of its Commercial Revolving Charge and made updates to its Commercial Account Card. Both credit options are …
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A new report from CNBC highlights how big-box home improvement retailers Home Depot and Lowe’s are increasingly focusing on capturing sales from pro customers. During the pandemic, both companies saw sales rise sharply as more customers invested in home improvement …
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Market research firms The Farnsworth Group and the Home Improvement Research Institute have released their final COVID-19 tracker report, highlighting the many ways in which the pandemic has affected home improvement DIYers and pros. Take a look at the latest …
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After a year of record sales and renewed interest in the home improvement channel, take a moment to review some of the latest industry data to better understand your DIY and pro customers. The Farnsworth Group has released new research …
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Residential construction and design businesses are reporting confidence for home renovation activity in the second quarter of the year, according to online design platform Houzz. The company’s second-quarter Houzz Barometer tracks residential renovation market expectations, project backlogs and recent activity …
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Market research firms The Farnsworth Group and the Home Improvement Research Institute (HIRI) are tracking pro and DIY project activity as COVID-19 continues to impact the home improvement market. In the latest update focused on pros, the organizations explore how …
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After announcing $22.3 billion in third-quarter sales, Lowe’s will now focus on capturing market share from home improvement rivals, reports CNBC. The company reiterated its financial outlook, saying it expects sales to grow by about 22 percent this year. Same-store …
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