Inside the home improvement sector: Shoppers flock to Lowe's and Home Depot thanks to stay-at-home orders, spring weather
found that visits to Home Depot and Lowe's spiked 1.2% and 1.9% year over year over the course of 2020's first quarter. And the flood of customers only continued to strengthen as April drew on. For the week of April 20, Home Depot's weekly store visits saw a 31.3% jump above its typical baseline, while Lowe's experienced a 71.8% rise in visits.
The beautiful spring weather in many parts of the United States is one significant factor, but sunny days have always been a boon to home improvement sales. "It does seem that people are still going to go ahead and do projects they had in mind because they have the wherewithal to do it, home prices are still going up, and they still have the jobs," Basham said. "That's what really has driven the vast majority of the improvement in their sales trends.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Projecting normalcy, Trump leaves the White House to go golfing in VirginiaGolf courses in Virginia remained open under Governor Ralph Northam&39;s stay-at-home orders.
Read more »
Projecting normalcy, Trump leaves the White House to go golfing in VirginiaTrying to project a sense of normalcy, President Donald Trump returned to the golf course Saturday.
Read more »
Former police chief among eight arrested during California stay-at-home order protestOrange County police said around 200 people gathered at the pier in San Clemente to protest against the state's COVID-19 restrictions.
Read more »
DOJ files brief in federal court against Illinois governor's stay-at-home orderThe Trump administration's Department of Justice said that Illinois Governor J.B. Pritzker's stay-at-home order was 'unsupported by state law' in a legal brief issued Friday.
Read more »
DOJ warns Los Angeles, Illinois of possible illegality of stay-at-home ordersThe Justice Department's comments Friday regarding Los Angeles and Illinois stop short of declaring legal actions against the localities. But the agency warns of potential civil liberties violations.
Read more »
Trump visits one of his private golf courses for first time in 75 daysThe president's visit to Trump National Golf Club in Virginia comes as the White House is pushing states to lift stay-at-home orders and for the economy to reopen.
Read more »