Home Depot and Lowe’s Doubling Down on Pro Business

With the overall new construction market, as well as big DIY projects still stalled, the two largest national chains are prioritizing the professional contractor sector. In reporting their most recent quarterly results—which together point to continuing tough conditions in the building trade—both Depot and Lowe’s said they see their pro sectors continuing to expand and […]

Home Depot Sees 5 to 6 Percent Growth Ahead

Short-term business conditions remain difficult but the big retail chain sees housing momentum returning. “Our Market Recovery Case reflects our performance expectations once we see momentum in housing activity and increased spend on larger projects driven by pent-up demand,” Richard McPhail, executive vice president and chief financial officer for Home Depot, told an investor and […]

Watch Out Home Depot & Lowe’s: Here Comes Vevor

Does the home improvement retail business need another player? A new retailer from China is about to find out. The American DIY/home improvement big box business has been dominated by Home Depot and Lowe’s for decades after they squeezed out most of the country’s regional and local chains. However, a Chinese retailing company is now […]

Home Depot 2026 Forecast: No Rebound in Sight

In a presentation to investors, the big home improvement chain forecast only slight gains for the new year. The giant retailer said it expects same-store sales to be in the flat to plus-two-percent range in 2026, which is below what many analysts had been forecasting previously. Total sales growth projections were also off from estimates. […]

Big Two DIY Retailers Still Need Some Improvement

The latest financial results from the two big national retailers – Home Depot and Lowe’s – show the business is still soft and may get worse before it gets better. When the two home improvement giants issued their numbers for their most recent quarters, they were nothing to write home about. But more importantly, they […]

Home Depot Rolls Out New Digital Planning Tool for Contractors

The new digital platform is the latest initiative as the big home improvement chain continues to ramp up its pro business efforts. Called the Project Planning tool, the new platform is designed to help professional renovators, remodelers and specialty tradespeople plan, manage and execute complex projects in real time, the company said. It creates materials […]

Home Depot & Lowe’s: Who’s Winning the Pro Market?

The two giant home remodeling retail chains have been doubling down their efforts to serve the professional market. It was Lowe’s that made the latest move in this back-and-forth competition to enhance their contractor sectors with its purchase of Foundation Building Materials last month. The $8.8 billion deal is expected to close in the fourth […]

These Two Giants Control Nearly Half of Home Improvement Market

It’s no surprise that Home Depot and Lowe’s are the largest retailers in the business, but together, their market share is astounding. The retail world for home improvement and building products continues to be dominated by two big national chains. It’s the level of that dominance that a new study confirms that shows exactly how […]

Lowe’s and Home Depot Lead Texas Flood Relief

Adding to efforts by local businesses and organizations, the two big national chains are making big donations to help. The recent deadly floods in the Hill Country of central Texas have devastated the local area with the loss of life and property. As local groups start to roll out donations and programs to help the […]

Home Depot Doubles Down on Pro Market with $5.5 Billion Buy

In HD’s latest move to expand its contractor business, the big chain has bought building materials distributor GMS. It was a spirited fight but in the end, Home Depot was the winner. After private equity-backed dealmaker QXO, fresh off its acquisition of Beacon Roofing Supply this spring, made an initial offer to buy Georgia-based Gypsum […]