Home Depot and Lowe’s benefit as bored shoppers hammer away at home

hari drack

  • Shoppers continue to flock to Home Depot and Lowe’s, as home improvement projects have eclipsed other forms of entertainment spending.
  • Investment firm Wedbush Securities highlighted this trend in an August 10 note.
  • According to analysts, “reduced travel and entertainment spending” has prompted a shift to home improvement spending. 
  • Both Home Depot and Lowe’s report second-quarter earnings next week. 
  • Visit Business Insider’s homepage for more stories.

Back before the coronavirus pandemic, people went to the movies, ate out at restaurants, and traveled to faraway places on vacation.

Now that cinemas are shuttered, indoor dining is at reduced capacity, and flights are a risky proposition, consumers’ “fun” budgets are increasingly going towards home improvement projects.

Wedbush Securities equity research analysts Seth Basham and Nathan Friedman highlighted this trend in an August 10 note about two giants in the industry: Home Depot and Lowe’s. Both home improvement retailers have seen major gains from

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10 ways to optimize home office and the biggest mistakes to avoid

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  • Amie T. Keener is a registered interior designer and associate at Gensler.
  • Many people may have set up their home offices not expecting to be there for the long haul, but it’s becoming increasingly clear we may be home for several more months.
  • Now you may be scrambling to create a better home office.
  • But before you do so, pay attention to these possible pitfalls, especially when ordering furniture online.
  • Visit Business Insider’s homepage for more stories.

Like many others, I initially thought we would be working from home just a couple of weeks.

I set up a bar height bistro table in the corner of the living room as my desk space. But, as the weeks passed, I moved my desk to the other side of the room to face out the window to take in nature, and occasionally, I’ll see a hummingbird quickly dashing around the yard.  

Amie Keener

Amie

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Home Depot discounts kitchen and bathroom faucets by up to 40% today

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Today only, as part of its Special Buy of the Day, Home Depot offers up to 40% off kitchen and bathroom faucets. Free shipping is available for all. Our top pick is the Glacier Bay Nottely Touchless Pull-down Kitchen Faucet from $109. Originally $199, today’s deal drops to $109 from the usual $175 price tag. This is the second-best offer we’ve tracked in 2020. Notable features here include a touchless design that has built-in motion sensing, which is great if you have dirty hands and don’t want to clean up. Plus, it’s available in a variety of color options to enjoy and match with your decor. Rated 4.1/5 stars. Hit the jump for more.

Another standout today is the Glacier Bay Lyndhurst Wall-mounted Pot Filler at $110. Regularly up to $160, today’s deal is another all-time low. We often see deals on kitchen and bathroom faucets at Home

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