Home Depot outpaces Lowe's in Q1

Retail Dive

As life suddenly began to revolve around the home, the home improvement category stood to benefit as consumers started to invest more into their personal spaces.

“Demand for home improvement remains robust, as DIY customers continue to take on home improvement projects and Pros have seen projects resume and their backlogs build after pausing this time last year,” Telsey Advisory Group Senior Managing Director Joseph Feldman said in emailed comments. “These trends, together with the benefit from US stimulus checks, drove broad-based strength at Home Depot in 1Q21 and so far in May.”

To view the full article, please click on the following link:

Visit Content