As the marketplace looks forward to 2021, Placer.ai has designated several trends that could define how next year unfolds including where and when shopping might change.
Based on early analysis of shopping patterns, 1010data has forecast a 5% increase in year-end sales for the holidays, with digital up 50% and store spending down 1% versus the 2019 season.
The Home Depot will open two new distribution centers in Perth Amboy, New Jersey, over the next 12 months to support the growing demand for flexible customer delivery options.
On the heels of its announcement that it would be acquiring HD Supply Holdings, a leading national distributor of maintenance, repair and operations (MRO) products, The Home Depot reported a strong third quarter built upon increased demand for home improvement projects.
The Home Depot has entered into a definitive agreement to acquire HD Supply Holdings, Inc., a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The acquisition is expected to position The Home Depot as a premier provider in the MRO marketplace.
The Home Depot’s military relations team is introducing expanded resources and programs to further the company’s commitment to veterans, support the company’s existing 35,000 veteran and military spouse associates, and to help transitioning service members find their second career.
Eureka is expanding its lineup of vacuums with three new models available exclusively at The Home Depot. The new models include the AirSpeed HDUE1A upright vacuum, PowerSpeed CordRewind Pet HDUE2CR upright vacuum and the Flash HDSV19 corded stick vacuum.
The Home Depot has made several executive changes, including naming Edward “Ted” Decker president and chief operating officer, effective October 5, 2020. Decker, a 20-year veteran of the company, has served as executive vice president of merchandising since 2014.
Lasko Products is expanding its domestic production by launching U.S.-made Cyclonic Digital Ceramic Heaters.
The Home Depot Foundation is increasing its disaster response commitment for 2020 to $4 million to further support community relief and long-term rebuilding efforts in the states impacted by Hurricane Laura.
As Hurricane Laura heads toward the Gulf Coast, The Home Depot said it will activate its Hurricane Command Center to support communities preparing for the storm.
When it comes to store visitors, Walmart’s recovery from coronavirus-related lows is proceeding more slowly than Target’s and is entangled with home center and dollar store retailers, according to Placer.ai.
While its in-store kids workshop classes are paused, Home Depot is offering live-stream and digital workshops and has donated more than 500,000 kids workshop kits over the past four months to more than 100 nonprofit organizations and schools across the country.
The Home Depot will open three new distribution centers in Georgia over the next 18 months to support the growing demand for flexible delivery and pick-up options for pro and DIY customers.