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Lowe’s Reports $27.3B in Q2 Sales

Lowe's

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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Home Depot Sees 23% Sales Spike in Q2 Sales

home depot sales

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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Do it Best Reports Record Profits and Rebates

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 …

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6 Tips to Make the Most of Online Events

online events

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 …

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Lowe’s Details Supply Chain Upgrades

lowe's supply chain

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 …

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Do it Best Partners With Nation’s Best to Drive Growth

nation's best colorado

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 …

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NRHA to Host Webinar on Managing Stress in the Workplace

webinar

Managing stress in the workplace is a priority under normal circumstances—but amid COVID-19 concerns across North America, this topic is both important and timely. To help retailers better support their teams during this crisis, the North American Retail Hardware Association …

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How Housing Could Lead an Economic Rebound

housing

As news hit that the U.S. gross domestic product—a measurement of the production of goods and services—contracted 32.9 percent in the second quarter of 2020, the National Association of Home Builders (NAHB) reports housing could be on the frontlines of …

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