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Why home improvement retailers are going after pro contractors

May 21, 2024
Lowe’s reported that first quarter sales are down from the same period last year, but spending by professionals is up.
About 25% to 30% of Lowe’s sales are to professional contractors.
Spencer Platt/Getty Images

Aging housing stock fuels home improvement boom

Feb 23, 2022
Among the beneficiaries: Lowe's and Home Depot.
Lowe's and Home Depot, chains that sell renovation products, reported strong financial results this week. The trend is tied to the undersupply of new homes.
Mandel Ngan/AFP Getty Images

Winter is coming for home improvement retailers

Nov 18, 2020
As people spend less time outdoors, will they keep shopping at places like Home Depot and Lowe's?
A shopper pushes her cart while people wait in line to enter a Home Depot in Marina del Rey, California, earlier this year.
Chris Delmas/AFP via Getty Images

Can the home improvement market continue to grow?

Feb 24, 2020
Companies like Home Depot and Lowe's have benefited from homeowners fixing what they already own.
Home improvement is a big part of Home Depot's and Lowes' business.
Scott Olson/Getty Images

Spending on home improvement could fall next year

Oct 27, 2019
After a decade of growth, demand for remodeling and repairs is expected to soften.
Customers shop for home improvement products at a Home Depot store.
Scott Olson/Getty Images

Lowe's outsources thousands of jobs to third-party contractors

Aug 5, 2019
The hardware retailer announced thousands of layoffs this week, but the jobs aren't going away
Kevork Djansezian/Getty Images

How the latest tariff hike could hit Home Depot and Lowe's

May 21, 2019
The Trump administration more than doubled tariffs on many Chinese goods.
A Home Depot store in Burbank, California is seen on February 18, 2019.
ROBYN BECK/AFP/Getty Images

For public good, not for profit.

J.C. Penney’s CEO jumps to Lowe’s

May 23, 2018
Marvin Ellison, who is credited with a mixed turnaround at J.C. Penney, is heading back to the home improvement space. Before joining J.C. Penney, he spent 12 years at Lowe’s biggest competitor, Home Depot. Click the audio player above to hear the full story. 

What's driving home improvement sales

Feb 24, 2016
Lowe's and Home Depot have released better than expected earnings.
Customers shop for home improvement products at a Home Depot store.
Scott Olson/Getty Images

Lowe's takes a magical millennial bus tour

Aug 13, 2015
One of America's biggest retail companies learns about new consumer habits.