Home Depot’s Sales Fall as Consumers Hold Off on Renovations

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The Home Depot missed Wall Street revenue expectations for the second quarter in a row. The home improvement retailer on Tuesday (May 16) reported earnings that showed sales of $37.3 billion, down 4.2% year over year. It marked the second time in as many quarters that the company came in below analysts’ expectations, as consumers put off big renovation projects and appliance purchases. The revenue miss was also Home Depot’s largest in 20 years, CNBC reported. Chief Financial Officer Richard McPhail told the network the company had expected this year would be one of moderation following a wave of home…Continue Reading

‘Home Improvement’ star Zachery Ty Bryan arrested on charges of domestic violence again

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Zachery Ty Bryan is in an Oregon jail once again for alleged domestic violence, EW has confirmed.The Home Improvement actor, 41, was arrested Friday on charges of felony assault, a situation that mirrors his 2020 arrest for the assault of his then-girlfriend, Johnnie Faye Cartwright — with whom he maintained a romantic relationship during his marriage to ex-wife Carly Matros.On Sunday, TMZ was the first to report the news that police responded to a call for a reported physical dispute between a male and female at a Eugene residence. Per TMZ, Bryan was not present when law enforcement…Continue Reading

The Home Improvement Market Opportunity in Mexico

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Vancouver, Kelowna and Delta, British Columbia–(Newsfile Corp. – July 24, 2023) – Investorideas.com, a leading investor news resource covering tech and homebuilder stocks releases a special news report on the growing market opportunity for the home repair business in Mexico, featuring Pedro’s List (OTC Pink: PDRO), a company that provides technology tools and resources to allow homeowners to find local, pre-screened, customer reviewed service professionals and instantly book appointments online or through the mobile application. Read the full article on Investorideas.com https://www.investorideas.com/News/2023/homebuilder/07240Home-Improvement-Market-Mexico.asp According to Statista.com, “The market value of the home improvement market in Mexico reached 12.13 billion US dollars…Continue Reading

3 Home Improvement Stock Standouts Worth Buying

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The home improvement industry’s prospects look promising due to easing mortgage rates, rising disposable income, and expected interest rate cuts by the Federal Reserve. Additionally, homeowners are opting for renovations and remodeling instead of purchasing new homes, further driving the growth of the industry. Given this backdrop, it could be wise to add fundamentally strong home improvement stocks to Masonite International Corporation (DOORS), Masco Corporation (MAS), and La-Z-Boy Incorporated (LZB). Before diving deeper into the fundamentals of these stocks, let’s discuss why the home improvement industry is well-positioned for growth. During the pandemic, with limited spending options and increased time…Continue Reading

Home improvement retailer PIRCH hopes to build success in Santa Monica

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Santa Monica’s profitable and economically important home improvement industry will get a new fixture next year when PIRCH moves into town offering high end home design and furnishings on Santa Monica Blvd. PIRCH will open at 2520 Santa Monica Blvd in the former Goodwill building early next year and CEO Steve Smith said it’s a perfect location for his company as it continues to expand into the Los Angeles market. “We are thrilled to bring the PIRCH experience to the heart of Santa Monica. Our goal is to provide the best service possible to discerning consumers and trade partners, knowing…Continue Reading

Home Depot’s Q1 lackluster shows that remodeling boom is over

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Interest in big home improvement projects is waning. That’s one takeaway from Home Depot’s uninspired first-quarter results. “The size of the projects are getting a bit smaller,” Home Depot (HD) CEO Ted Decker told analysts on the company’s first quarter earnings call Monday. “It could be that project [are] being deferred or it could be that the project is being broken up into chunks,” Decker said. “Rather than doing an entire room or an entire basement, you start working it in smaller chunks and that clearly impacts items per basket in overall activity. “ On a yearly basis, customer transactions…Continue Reading

a ‘secret weapon’ for home improvement leads

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My Lead Locker has unlocked over £80m in revenue for its clients seeking home improvement leads, connecting installers and marketing professionals The UK’s first and functional lead exchange platform, My Lead Locker was created at the peak of covid lockdowns in 2020 as a means to help local home improvement businesses reach customers without the need for door-to-door canvassers. A simple idea to leverage technology, automation, social media and partnerships has scaled to enable home improvement clients to generate over £80m in revenue in 2022, a feat that even founder and CEO Chris McPhee couldn’t have predicted. How does My…Continue Reading

Home improvement horror stories: shoddy work, delays and rip-offs

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Whether it’s a repair job or a renovation, when home improvement work goes wrong, it can be costly, time-consuming and hugely disruptive to your day-to-day life. Unfortunately, issues with shoddy work, unfinished or delayed jobs, and misleading prices are all too common in the home improvement industry. Ironing out any issues that arise under your roof will of course be a priority – but resolving problems swiftly isn’t always easy. In part, this is because some home improvement companies don’t belong to an alternative dispute resolution (ADR) scheme, which means you won’t always be able to escalate a complaint if…Continue Reading