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.
Growth in comparable store sales in the U.S. and digital revenues drove Ace Hardware to a big third quarter.
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 coronavirus pandemic gave home centers/home improvement retailers an essential retailer designation in the U.S., and Lowe’s benefited from that status, substantially growing its store traffic, market share and sales as consumers looked to the retailer for their do-it-yourself and home improvement needs.
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.
Home Depot has developed new educational Virtual Field Trips videos that the company will add to its digital DIY workshops library in which company suppliers host kid-friendly, behind-the-scenes tours and provide insights into how they create products for retail shelves.
Moderate gains in homeowner spending for improvements and repairs are expected through much of next year as initial concerns of a possible pandemic-induced downturn have largely dissipated, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
September retail sales results hold positive prospects for the holiday season, according to Deborah Weinswig, CEO and founder of Coresight Research and Alex Fitzgerald, a principal in the consumer practice at Kearney, a global management consulting firm.
The 2021 Home Improvement eRetailer Summit, scheduled for March 7-9 at the Aloft Chicago Downtown River North hotel, has designed its agenda with an eye toward providing insight into future market conditions and tools to help dealers plan for and respond to those conditions proactively.
As it looks to compete with Amazon’s Prime Day, Ace Hardware is bringing back its Ace Rewards Day. For the second year, Ace will provide exclusive deals to Ace Reward members and select savings for non-members in a two-day only event on AceHardware.com.
Lowe’s will provide an additional $100 million in discretionary bonuses to recognize front-line hourly associates for their continued service and support of their communities, bringing the company’s total commitment to associates and communities during the pandemic to more than $775 million.