The U.S. economy has returned to pre-pandemic levels as gross domestic product (GDP) grew 1.6 percent in the second quarter, The New York Times reports. Compared to the second quarter of 2020, GDP grew 6.5 percent. Housing accounted for roughly …
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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 »Understanding New DIY Shopping Preferences
Building materials marketing firm Venveo and market research firm The Farnsworth Group are releasing new data highlighting how DIY purchase behaviors have changed in the past year. After surveying nearly 1,000 DIYers, the insight into DIY purchasing and shopping preferences …
Read More »What Big-Box Home Improvement Chains Are Prioritizing
Big-box home improvement chains are taking unique approaches to gaining customers in the early days of the busy spring selling season. Explore how Home Depot, Lowe’s and Tractor Supply are launching new initiatives to boost sales. Home Depot: Opening New …
Read More »Analyzing Pro Home Improvement Activity
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 …
Read More »Exclusive: True Value CEO Chris Kempa Shares Thoughts on Retail Success
True Value CEO Chris Kempa took time to speak to Hardware Retailing before the company launches its 2021 Spring V-Union. Learn more from Kempa about what to expect from this year’s virtual event, how True Value is adapting to better …
Read More »Orgill’s Boyden Moore Addresses Customers During Spring Online Buying Event
Orgill Inc. president and CEO Boyden Moore delivered a video message on Feb. 10 to kick off the company’s Spring Online Buying Event being held Feb. 8-19. In his message, Moore provided updates on the business and addressed steps the …
Read More »True Value Co. Welcomes New Supply Chain VP
True Value Co., one of the world’s largest hardlines wholesalers, has announced Dario Skocir will join the company as the vice president of supply chain on Feb. 22. Skocir has more than 30 years of transforming operations with innovative technologies …
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