During its 2025 Investor and Analyst Conference, The Home Depot recently discussed key priorities and a preliminary outlook for 2026. The Home Depot reaffirmed its fiscal 2025 guidance and shared a preliminary outlook for fiscal 2026 that included forecasted comparable sales …
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Do it Best Teams Up With Toolbx to Power Pro Platform
As it works to provide independent LBM dealers with innovative digital tools to support pro contractor customers, Do it Best is now offering exclusive pricing for Toolbx—a B2B solution designed to help contractors approve quotes, place orders and pay their …
Read More »Grabbing a Piece of the Pro Market
Earlier this week, The Home Depot announced it has entered into an agreement for its specialty trade distribution subsidiary, SRS Distribution Inc. (SRS), to acquire GMS Inc. (GMS), a leading North American speciality building products distributor, for $5.5 billion. The acquisition is …
Read More »6 Kitchen and Bath Industry Trends for 2022
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 …
Read More »Home Depot Introduces New Credit Options for Pro Customers
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 …
Read More »Home Depot and Lowes Set Sights on Pros
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 …
Read More »How COVID-19 Affected June Home Improvement
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 …
Read More »Home Improvement Momentum Continues in May
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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